Bank On Yourself MasterMind Group Benefits and Application

Transcription

1 Dear Advisor, Bank On Yourself MasterMind Group Benefits and Application Congratulations for having passed the first step required to be accepted for membership in the Bank On Yourself (BOY) MasterMind Group, sponsored by NACFA. NACFA is the only organization approved to train, support, and authorize Bank On Yourself Advisors. Our sole mission is to help families and businesses become financially set for life without taking unnecessary risks. Please understand that when we consider advisors for membership, it s not just past success we are looking for. Attitude and a willingness to be mentored are key factors. The final step to qualify for acceptance is to complete the application and commitment forms that follow this page. Here Is a Partial List of the Comprehensive, Turn-Key Support You Will Receive if You Are Accepted Into This Program 1. Powerful marketing and referral-generation strategies to lead your prospects, clients, and centers of influence to contact you about starting a Bank On Yourself plan 2. The three-step proven Bank On Yourself presentation and closing system to get 70% or more of your prospects chomping at the bit to start a plan 3. Two autopilot lead generation systems the Leads Generated by You program and the Leads Generated for You program (for Platinum members only) 4. Unlimited one-on-one mentoring and support from your personal Bank On Yourself Success Coach for total case design and business building support (for Platinum members only) 5. Access to 30+ highly rated carriers with high payouts including companies with the very best Bank On Yourself products 6. Twice-monthly MasterMind group teleconferences and webinars to get your most pressing questions and challenges addressed, and to learn the success secrets of top-producing Bank On Yourself advisors 7. The Bank On Yourself Advisor Authorization program the best and most comprehensive training on this concept, leading to being able to use the coveted Bank On Yourself Authorized Advisor designation Please review the privileges of acceptance into this elite group, the two levels of membership for U.S. advisors and one for Canadian advisors, and then fill out the Application and Personal Commitment forms that follow completely, and return them to NACFA to be considered. Within five business days, you will receive an from NACFA letting you know if you were accepted or have been placed on a wait list, or if NACFA feels you are not a good fit for the program. Note: Because of the tremendous amount of time NACFA spends coaching each new member, only a handful of applicants are accepted each month. Please fax your entire completed application package to NACFA. If you have any questions, call Paul Compeau, our Director of Advisor Development, at , or him at BankOnYourself@mynacfa.com. I look forward to helping you achieve massive success with your Bank On Yourself practice! Sincerely, Tim Austin, President NACFA Bank On Yourself Division

2 N A C F A Bank On Yourself Division 2041 East Square Lake Road, Suite 100, Troy, MI Phone: (248) Fax: (248) NACFA-BOY MasterMind Group New Member Application Package Urgent: Please deliver to Paul Compeau Instructions to applicant: 1. Please read and complete each item carefully, and sign where indicated. 2. Please print legibly. 3. When completed and signed, please fax all 5 pages, including this cover sheet, to Fax your completed application consisting of all 5 pages to Rev Page 1 of 5

3 The Money-Making Tools, Privileges, and Benefits Receive Powerful marketing and referral-generation strategies to lead your prospects, clients, and centers of influence to contact you about starting Bank On Yourself plans. Platinum Level hip Gold Level hip (US Advisors Only) Canadian hip The three-step proven Bank On Yourself presentation and closing system to get 70% or more of your prospects ready and eager to start their plan. Unlimited one-on-one mentoring and personal success coaching including case development and illustration support from NACFA-BOY s specialist consultants. Your success coach will guide you and mentor you, to help you achieve massive success as a Bank On Yourself Authorized Advisor. Many Advisors credit their success coach as being the most important factor in their career success! The Leads Generated By You Program the Ultimate Marketing System for generating a consistent flow of qualified, pre-sold, ready-to-buy prospects. These prospects know they re going to be buying cash-value life insurance, and they can t wait to get started. For a nominal fee, this program automatically and continuously prospects and presents the concept for you and drops prospects right in your lap, even while you are playing golf or sleeping. Highly qualified, educated and motivated leads from the Leads Generated For You Program prospects who are chomping at the bit to meet with an Authorized Advisor. These leads are for purchase as soon as you have two BOY cases go paid through NACFA-BOY carriers, on people other than your immediate family. Designed to supplement your other marketing efforts. Twice-monthly MasterMind group teleconferences and webinars to get your most pressing questions answered, to have your challenges addressed, and to learn the success secrets of top-producing advisors. N/A The Bank On Yourself Advisor Authorization program the best and most comprehensive training on this concept. Round-the-clock access to all the money-making tools on the members-only NACFA-BOY Website discover the secrets to making each sale feel like a greased chute. Additional cutting-edge marketing and sales materials continuously being developed by NACFA-BOY, as they become. Use of the proprietary turnkey Bank On Yourself seminar system including a compelling PowerPoint presentation and the form that gets 50% to 80% of your attendees to request an appointment with you. The can t-miss top-rated Annual NACFA-BOY Sales Conference with indepth how-to presentations by top advisors, roundtable discussions, networking with other successful advisors, and more No Tuition Fee Tuition Fee Currently $495 Tuition Fee Currently $495 Access to more than 30 highly rated carriers with high payouts including companies with the very best Bank On Yourself products. N/A First-year commission level with Lafayette Life, one of NACFA-BOY s primary BOY life carriers (not in New York): 95% 85% N/A First-year commission level with Security Mutual, one of NACFA-BOY s primary BOY life carriers (for New York Advisors): 75% 65% N/A Monthly membership (Read on to learn how your U.S. membership can be free!) $395 Reimbursable $195 Reimbursable $195 Non-reimbursable Fax your completed application consisting of all 5 pages to Rev Page 2 of 5

4 MasterMind Group Walk Their Talk The most successful Bank On Yourself MasterMind Group members walk their talk and have started their own Bank On Yourself plan. Owning the product you are offering to your prospects gives you a sense of confidence, credibility, and authority. It is truly a prerequisite to your success. Because NACFA-BOY wants you to achieve the greatest success possible as an Authorized Advisor, you must agree to start your own BOY-type plan through NACFA-BOY s carriers or submit proof that you already have your own BOY-type plan. Specifically, you must agree to fund a whole life policy with a minimum annual base premium of $3,000. (Universal and variable life policies do not qualify.) If you are accepted into membership, we will show you how you can receive 110% of this premium back into your pocket soon after funding your policy, so your policy will cost you nothing out of pocket in the first year. That s right. Meet a few simple requirements and NACFA-BOY will credit you with a bonus of more than the first-year premium of your personal policy. How big a policy can you write on yourself and still earn the 110% bonus? As big a policy as you can qualify for! Just keep in mind that members usually write plans for their clients that are about the same size as their own plans! How Your hip Can Be FREE (Does Not Apply To Canadian hip) To maintain your Gold or Platinum MasterMind membership, you must meet the following requirements. When you meet these requirements, your membership will be free. Complete and return our contracting paperwork for at least one of NACFA-BOY s primary BOY life carriers, Lafayette Life or Security Mutual, so that it is received in the NACFA-BOY office within 21 days of your acceptance as a MasterMind Group member. Start your own BOY-type plan through NACFA-BOY s carriers or submit proof that you already have your own BOY-type plan as described above, so that it is received in the NACFA-BOY office within 21 days of your acceptance as a MasterMind Group member. On an ongoing basis, place a minimum amount of business with NACFA-BOY contracted companies. Gold members must place a minimum of 25,000 Net Annual Production Credits per year (or 12,500 every 6 months). Platinum members must place a minimum of 50,000 Net Annual Production Credits per year (or 25,000 every 6 months). How Net Annual Production Credits are Calculated (subject to change) All policies to be written with NACFA-BOY carriers Whole life (except as noted): 100% of base premium Long term care: 35% of premium Paid-up additions and excess premium: 1.5% Deferred annuities: 5% of premium Lafayette Life Liberty: 5% of base premium SPIAs: 1% of premium Lafayette Life Sentinel: 50% of base premium Term life: 100% of premium Closed mortgages with Emery Federal Credit Union: 200 credits Your paid business production will be reviewed on a semi-annual basis April 1 st and October 1 st each year. When you meet these requirements, your membership fees for the previous six- or twelve-month period will be credited back to you in full within approximately 45 days, as long as you are still a member in good standing and current on your dues, thereby making your membership free. On the other hand, if you do not meet these requirements, NACFA-BOY may, at its sole option, terminate your membership and all its privileges. You may cancel your membership at any time by notifying NACFA-BOY 30 days in advance, in writing. There can be no refunds of payments already made, except as described above. As soon as NACFA-BOY receives your contracting and life insurance application (or proof that you already have your own BOY-type plan as described above) and your first month s dues, they will activate your web user name and pass code, and you will have complete access to all the money-making tools on the NACFA-BOY Website. Fax your completed application consisting of all 5 pages to Rev Page 3 of 5

5 My MasterMind Group Personal Commitment If I am accepted into NACFA-BOY MasterMind Group membership, I agree to the following: 1. I will conduct my insurance business honestly, ethically and fairly, and I will comply with all applicable federal, state and local regulations. 2. I will participate regularly in the twice-monthly MasterMind Group Continuing Education teleconferences. 3. I will meet my semi-annual and/or annual production commitment, as outlined elsewhere in this document. 4. The marketing, presentation and sales materials provided to me by NACFA-BOY contain valuable trade secrets, and I may use them solely in the normal marketing of my Bank On Yourself life insurance plans. I agree not to distribute any of these materials to any other party for any other reason. 5. The Bank On Yourself marketing, presentation and sales materials are all protected by copyright, and I will not alter any of said materials in any way without the prior written approval of NACFA-BOY. I will not use the Bank On Yourself trademark or logo without written permission. I will not obtain or use any website domain name (URL) or address that uses the phrase Bank On Yourself or any variation thereof that could reasonably be confused with the Bank On Yourself brand. I understand that any unapproved use of these copyrighted and/or trademarked materials may subject me to legal action. 6. My membership may be terminated or suspended if, in the sole discretion of NACFA-BOY, there is reasonable cause for such termination or suspension. Reasonable cause may include, but is not limited to, delinquency in my monthly dues, or failure to meet the minimum production goals I am committing to, failure to adhere to the above commitments, or any ethical, regulatory or legal concerns raised by my actions. NACFA-BOY shall be the sole determiner of fact in these matters, and its decisions are final. I agree to hold NACFA-BOY harmless if my membership is terminated. 7. If my membership is terminated or suspended for any reason, whether by me or by NACFA-BOY, I forfeit all rights to use the terms Bank On Yourself, Bank On Yourself Authorized Advisor, or any of the NACFA-BOY marketing, presentation and sales materials. I understand that any continued use constitutes a violation of copyright and/or trademark law and may result in fines and penalties. 8. I understand that the terms of this commitment may be modified from time to time by NACFA-BOY, and that my continued participation as a Bank On Yourself MasterMind Group member after I have been notified of such modifications constitutes my acceptance of the commitment as modified. Confidentiality Agreement I understand that NACFA s Bank On Yourself program, presentation, closing, marketing and lead generation materials contain valuable trade secrets and are the valuable intellectual property of NACFA and/or Bank on Yourself, and that information provided by NACFA-BOY that in any way relates to this program is confidential and may be used only as approved in writing by NACFA-BOY. I further agree that, upon application to a State of Michigan or State of New Mexico court of competent jurisdiction, NACFA-BOY shall be entitled to enforce the terms and conditions of this Confidentiality Agreement, which remedy shall be in addition to any other rights or remedies to NACFA and/or Bank On Yourself. Please read this entire page carefully, then sign below to indicate that you understand and agree to this commitment. Print Name Signature Date Fax your completed application consisting of all 5 pages to Rev Page 4 of 5

6 Bank On Yourself MasterMind Group Confidential Application Your Name: SSN (US residents only): Business Name: Check if you are contracting as a corporation, and provide your Taxpayer ID Number: Mailing Address: City: State: Zip: Phone: Fax: Street Address for UPS/FedEx (if above address is a post office box): City: State: Zip: Address (print legibly, please!): Username and pass code you would like to use for the NACFA-BOY website (please choose any combination of 4-10 letters and/or numbers for each all lower case): Username: Pass Code: Are you already contracted with Lafayette Life? Yes No Security Mutual (for New York)? Yes No If yes, are you willing to move your contract(s) to NACFA-BOY? Yes No Your Personal Bank On Yourself Policy If you are accepted and have not already started your own plan, NACFA-BOY will send you a partially completed life insurance application and a personalized illustration for your BOY-type policy, making appropriate allocations to base premium and paid-up additions. In order for us to do that, please fill in the information requested below. Check if you want a NACFA-BOY Success Coach to contact you to help you set up a properly designed Bank On Yourself policy. Amount of annual commitment (base premium): $ per year ($3,000 minimum required) Name and relationship of proposed insured: If you prefer, you may designate someone in whom you have an insurable interest, such as a family member or business associate. Date of birth of proposed insured: Proposed insured s age: Health of proposed insured: Excellent Good Fair Poor Payment Information Does the proposed insured use tobacco? Yes No Check one membership level only: Platinum-$395 /mo (Reimbursable) Gold-$195/mo (Reimbursable) Canadian-$195 /mo Your signature below authorizes NACFA to charge your: Visa MasterCard American Express Discover If you are not accepted into membership, your card will not be charged. Card # Exp Date / Security Code: Alternate Credit Card Information: (Required to ensure uninterrupted membership) Card # Exp Date / Security Code: Your signature below authorizes NACFA to debit your checking account. Attach a voided check for this account. Bank Name: Phone number (required): Branch Location: Print Name Signature Date Fax your completed application consisting of all 5 pages to Rev Page 5 of 5