Variable Life + Variable Universal Life - Life Insurance Exam Prep

In this life insurance exam prep video, I cover variable life and variable universal life. The main thing you need to know is that their investment portions are not guaranteed, they're held in a separate account, and they are typically not suitable for older clients. You also need to have a securities license and be a FINRA registered representative to sell these products.

Separate Account - A separate account held by an insurance company that is not comingled with the general account. This lets the policyowner take on higher investment risk.

[TracyVpmu]

Thank you! I passed Texas Life Insurance exam today at 1 shot @91%. Thanks again!!!

[mannymd]

To everyone out there working on getting licensed/registered, or already are, always maintain the position of a student. There are and always will be times to speak with authority from experience, but never stop seeking knowledge from others. I have been working in the insurance & financial services industry since graduating high school in 2011. I have held my agents & life license for a number of years, and obtained my series 6 license a couple of years ago. I am always looking for different perspectives, and developments in related fields. Don’t allow yourself to become stuck in single ways of thinking. I’m here now with a few free moments out of my day to see how someone else explains these policies. Am I unfamiliar with these policy types? No, but this person may have a way of explaining them that I may not have heard that could benefit existing and future customers. Nearly everyone has something to offer, and it is our fiduciary obligation to stay sharp. Best to all of you

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Phenomenal Presentation, With An Absolutely Spot On Explanation!
Many Thanks 👏
Dean.

[wrewqbe]

thanks for making these videos!!! I just took my test the other day and failed so now studying for my second test

[kkatarina]

Thank you so much for this video. Now it all makes sense!

[lloydbrowne]

Man I been studying for a week now and I’m taking it next week.

You made stuff make so much sense.
Your a very good teacher bro! There’s a lot of teachers on YouTube man your operating at 200k subscriber click. Keep consistency bro! Whatever your goals are will be achieved. Thanks for helping.

[mariachavez]

Thank you so much! I was having such a hard time understanding these two. You just relieved some stress off my back. THANK YOU!!

[fawnamae]

I SO wish I would have found your channel before today. I understand the EXCL course is for the bare minimum, but you made the most confusing topic that I was struggling with sound so easy. 🎉
I test today, wish me luck 😳

[bryantvargass]

bro big thanks for your videos, they helped me pass my life& health exam yesterday!

[bibirupnarain]

Thank you so much for your videos. I plan on taking exams next week .I really understood your teaching really helpful

[mattmartin]

I've been trying to pass this test for about a yr, Really REALLY need to pass for Primerica here in indiana!! I am a part of a great team but feel so far behind due to not passing yet. However thanks for your videos!

[dagurln]

thank u!!!🥹 im taking the xcel solutions course and i absolutely hate it. it’s very boring and hard to grasp but watching these videos made it so much easier for me to understand these concepts. thank u so much!

[ShadowWalker]

Okay so whats the difference between variable life & Variable Universal life?

THe only thing you said was theyre both invested in the separate account but thats the same as one another. Whats the key differences ?

[matthewcallaway]

You’re saying IUL isn’t a good policy? Can you explain that more?

Typically they are projected to be great options to grow your money with floors that guarantee you’re not losing money.

The cash value and death benefit are usually very high when you reach 60-70 years old and then you can take out the cash value as livable income in retirement (which causes the death benefit to decrease)
When done correctly you can have an insane ROI and still leave behind a sizable death benefit

[tshady]

If you really want to separate your videos. You need to get a whiteboard and draw it out instead of talking and using your hands. We watch these bc we don’t understand and actually seeing it and hearing it will be 10X better. Thanks for all your help though

[massagernessie]

You talk to fast and explain to much information at one time. I do like listening to your teaching but it is too difficult to follow

[lidyanaredeemed]

I passed my exam. Can you txt me your email address or website about your agency?