Disrupting the Biggest Industry

Transcription

1 Vision Presentation Disrupting the Biggest Industry So Americans Can Dream Again The How Money Works Company TM FOR EDUCATIONAL & TRAINING PURPOSES ONLY

2 The largest taxi service owns no cars. STARTED 2009 The largest room booking service owns no properties. STARTED 2008 The largest entertainment service owns no theaters. STARTED 2007 (STREAMING) The largest retail service owns no inventory. STARTED 1999 FOR EDUCATIONAL & TRAINING PURPOSES ONLY

3 Right now, Millions of people And trillions of dollars Are on the move as the Greatest economic story of Our lifetime is now unfolding.

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5 - - - From , Baby Boomers Will cross into retirement age as They turn 65. The Age Wave has become The Wealth Wave 1 every 7 seconds The Baby Boomers 10,900 everyday for the next 13years Source:

6 The Booming Century: BabyBoomers million GenerationX million Millennials million Source:

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8 Which industry is BIGGER? Financial RealEstate Retail

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11 Problem in the industry Less agents than 10 years ago Average age is around 58 More than one-third of U.S. financial advisors plan to retire over the next decade, and more than 237,000 new financial professionals will need to be added to keep up with the demand of retiring baby boomers.

12 66% Of corporate employees are unsatisfied with Their jobs and searching for something new. Forbes.com, New Survey: Majority of Employees Dissatisfied, 5/18/2012. Statistic is combination of respondents who said they were either somewhat or totally unsatisfied.

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14 3 Innovations Enable us to close this gap between Americans and the American Dream. Financial Education By making financial literacy available to everyone, we re empowering the 99% to take control of their finances. Disruptive Technology High tech, high touch tools equip our leaders to engage more prospects, more effectively, more efficiently. Financial Team Building The economics of financial combined with the scale of team building creates an limitless entrepreneurial scenario. FOR EDUCATIONAL & TRAINING PURPOSES ONLY

15 Our System Automated / Digitized Overview / Deeper Engagement Personalized Engagement Initial Engagement Interview Prospect / Open Business / Move Product

16 The End of Wealth And Retirement As You Know It Our 9-minute overview presentation. Change Your Literacy, Change Your Life. Our 3-minute literacy challenge video. The Perfect Wave Our 28 minute Full Presentation Video. The Rule of 72 Our 4-minute video about one essential financial concept. The Swiss Army Knife of Financial Strategies Our 4-minute IUL strategy review. FOR EDUCATIONAL & TRAINING PURPOSES ONLY

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18 Our Dynamic Business Platform is Your Solid Foundation Dedicated Home Office Workforce Multiple North American Headquarters Corporate Backing and Strategy Administration and Support Marketing and Event Planning Compensation and Recognition Legal and Compliance Support

19 PRODUCT PROVIDERS

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22 $130,357 is the annual cost to live the American Dream, according to Americans themselves.1 Only 16 million U.S. households, around 1 in 8, earned $130,000 in 2014, according to the U.S. Census Bureau.1 No state in the U.S. had a combined household income (of the bottom 99%) that averaged more than $62,000/year.2 If you don t build your dream, someone will hire you to build theirs. Tony Gaskins, Author? Is this wide gap a result of America s poor financial literacy? Where will people find the tens of thousands of dollars they need to bridge it? FOR EDUCATIONAL & TRAINING PURPOSES ONLY , USA TODAY, Price Tag for the American Dream: $130K a Year, Economic Policy Institute, The Increasingly Unequal States of America," 2014

23 61% of people are more afraid of outliving their money than dying.1 Longevity Company Pensions 50% of Fortune 500 companies offered traditional defined benefit retirement plans in 1998 compared to 5% by What happened to the 3-Legged Stool of Retirement? Social Security 1. Allianz, Survey of Adults Age 44-75, Willis Towers Watson, A Continuing Shift in Retirement Offerings in the Fortune 500, Ken Dychtwald Ph.D., New Retirement Realities: A Three-Part Series, 2014 When it started, there were 45 workers for every retiree collecting Social Security. Now that ratio is less than 3 to 1.3 Personal Savings Increasingly, the responsibility is shifting to the individual to fund their own retirement and dreams for the future. How long will your savings need to last? When the average life span was 75 years, retirees only needed their company pension, Social Security, and savings to last for 10 years or so. Today, thanks to advances in health and technology, your retirement could be 30 years or more. If personal savings is all you had, how much money would you need in savings? FOR EDUCATIONAL & TRAINING PURPOSES ONLY

24 $1,000,000 Retirement Account What will it take for you to build it at your age? Daily and monthly amounts needed at 8% to build $1,000,000 by age 65. Starting Age 20 Daily Amount Needed $6 Monthly Amount Needed* $190 Average Monthly Income** $2,288 Percent of Income Needed 8.29% 25 $9 $266 $3, % $14 $22 $436 $671 $3,371 $4, % 16.35% $35 $56 $95 $180 $447 $1,052 $1,698 $2,890 $5,466 $13,610 $4,104 $4,338 $4,338 $4,169 $4, % 39.14% 66.62% % % * 8% return compounded monthly using U. S. SEC calculator. ** U. S. Bureau of Labor Statistics, median monthly earnings of full-time wage and salary workers by age from April, FOR EDUCATIONAL & TRAINING PURPOSES ONLY

25 Compound Interest is the greatest mathematical discovery of all time. Albert Einstein

26 The Rule of An estimation of the time it takes For money to double. The Rule of 72 is a mathematical concept that approximates the number of years it will take to double the principal at a constant rate of return compounded over time. All figures are for illustrative purposes only, and do not reflect the risks, expenses or charges associated with an actual investment. The rate of return of investments fluctuates over time and, as a result, the actual time it will take an investment to double in value cannot be predicted with any certainty. Results are rounded for illustrative purposes. Actual results in each case are slightly higher or lower.

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28 The Power of Compound Interest This is a hypothetical example and does not represent performance of any investment. Does not assume fees, charges or taxes. It is unlikely that any one rate of return will be sustained over time. Return and principal value of investments will fluctuate over time. $10,000 LumpSum $20,471 (1%) 72 Years

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30 The Power of Compound Interest This is a hypothetical example and does not represent performance of any investment. Does not assume fees, charges or taxes. It is unlikely that any one rate of return will be sustained over time. Return and principal value of investments will fluctuate over time. $10,000 LumpSum $168,423 (4%) $20,471 (1%) 72 Years

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32 The Power of $2,549,825 (8%) Compound Interest This is a hypothetical example and does not represent performance of any investment. Does not assume fees, charges or taxes. It is unlikely that any one rate of return will be sustained over time. Return and principal value of investments will fluctuate over time. $10,000 LumpSum $168,423 (4%) $20,471 (1%) 72 Years

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35 Account Value How do you avoid losses? Normal Account 1,700-1,600-1,500 - If the Market went up 10% then down -10% for 10 years 1,400-1,300-1,200-1,100-1,100 1,089 1,078 1,067 1,058 1, Year Thisisahypotheticalscenarioforillustrationpurposesonlyanddoesnotpresentanactualinvestment foranyspecificproductorservice.thereisnoassurancethattheseresultscanorwillbeachieved.

36 Account Value How do you avoid losses? 1,700 - Account with a Floor Normal Account 1,610 1,600 - If the Market went up 10% then down -10% for 10 years 1,610 1,500-1,464 1,400-1,331 1,464 1,300-1,210 1,331 1,200-1,100-1,100 1,089 1,210 1,078 1,067 1,058 1,000-1, Year Thisisahypotheticalscenarioforillustrationpurposesonlyanddoesnotpresentanactualinvestment foranyspecificproductorservice.thereisnoassurancethattheseresultscanorwillbeachieved.

37 $1M If you were a farmer, Would you rather pay taxes on your Penny seeds or million-dollar harvest? 1 Pay taxes on your penny seeds? Reduced tax burden No taxes at retirement The benefit of tax deductions (home mortgage interest deduction or dependent children deduction) Pay taxes on your harvest? Greater tax burden Taxes delayed until retirement Potential to be in higher tax bracket Required minimum distributions of retirement savings

38 What do qualified plans do? They defer the tax! This answer is only half correct.

39 What do qualified plans do? They defer the tax and the tax calculation.

40 MinimalTaxRate Historical Marginal Tax Rates Are taxes going up or down? Highest Bracket 30 Lowest Bracket Source: Internal Revenue Service

41 Zero Market Risk LTC Growth Potential Tax-Free Income Make a commitment to your financial future

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46 Dynamic Compensation Plan The following example shows how helping one family results in $2,280 of commission paid to the field. 19,20 For this example, the commission amount is based on an average Indexed Universal Life (IUL) insurance policy 21 sale to a 40- year-old male who is contributing $200 per month to the IUL. Per Month Per Year Associate 22,23 (Helps four families per month) $3,192 $38,304 Senior Marketing Director 22,23 (Helps four families per month) $5,928 $71, Opportunities to build other income may be achieved by qualifying for additional compensation and by qualifying for bonus pools. 20 Commission amount may vary based on product type and size of purchase. 21 Please be aware that insurance products are sold by prospectuses, which contain more information about the product s fees, charges and limitations. Be certain to perform a thorough review of the entire prospectus. Historical performance does not guarantee future investment results. 22 This is a hypothetical scenario for illustrative purposes only. There is no assurance that these results can or will be achieved. Income is earned from sales of World Financial Group authorized products and services. No income is earned for recruiting. See the current World Financial Group Field Manual for compensation percentages on all diversified product lines. All compensation plans subject to change. Promotional criteria/designations are determined and offered by or through World Financial Group. Personal percentages earned on products may vary based on promotional level with WFG. As of Jan, 1, 2007, WFG Associate contract level of 35%, Senior Marketing Director contract level of 65%, Senior Marketing Director override level of 30%. 23 Associates of World Financial Group are independent contractors, regardless of field title/designation.

47 Business Building Income The following example shows how helping one family results in $2,280 of commission paid to the field. 19,20 For this example, the commission amount is based on an average Indexed Universal Life (IUL) insurance policy 21 sale to a 40- year-old male who is contributing $200 per month to the IUL. Senior Marketing Director Per Month Per Year leading a five-person team 22,23,24 $13,680 $164,160 Only Senior Marketing Director s team members 24 help four families each per month Senior Marketing Director and each team member 24 helps four families per month $19,608 $235, Example assumes all Senior Marketing Director s team members are at the Associate level. * World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer life insurance and a broad array of financial products and services. Securities are offered through Transamerica Financial Advisors, Inc.), Member FINRA/SIPC. Insurance products are offered through World Financial Group Insurance Agency, Inc. (WFGIA) or its subsidiaries. WFG, TFA, WFGIA are affiliated companies. Headquarters: Johns Creek Parkway, Duluth, GA , PO Box , Duluth, GA Phone: WorldFinancialGroup.com ** Many people have experienced different levels of success with World Financial Group. However, individual member experiences may vary. This statement is not intended to, nor does it, represent that any current member's individual results are representative of what all participants achieve when following the World Financial Group system.

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50 WealthWave Annual $500,000+ Earners Mike & Mary Ann Hinsvark St udent David & Hanna Horenstein Real Estate & Mortgages Eric & Debbie Jenson General Manager Trevor & Jennifer Jenson CPA Bernadette & Moon Kim Registered Nurse Brian & Mary Loiseau CPA

51 WealthWave Annual $500,000+ Earners Tim & Julie Mullaney Flight Attendant Greg & Lori Sorenson Quality Assurance Manager Rick & Kathy Stone Business Owner Julio & Solange Velazquez Financial Services Terry & Lori Wengert Engineering Grad Student

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55 Record Income Paid to Field $732,631,483 Through December 31,2017 $267,266,

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57 3 Options To Get Started Client Part-Time Full-Time Build a business Grow your Financial knowledge Become a licensed financial professional without limitations As big as your vision Utilize our strategies to secure your financial future Choose your hours And build your business on your terms Take advantage of a wide variety of incentives

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59 NextStep Set an appointment in the with our Managers to discuss: - Part time, twin or encore career - Full time business owner - Referral partner - Is it a fit for you and for us - Help make a difference

60 Distributions such as loans and withdrawals can only be made if the policy has been in force long enough to accumulate sufficient value. Loans and withdrawals will reduce the policy value and death benefit. Loans are subject to interest charges. If a policy lapses while a loan is outstanding, adverse tax consequences may result. Policy loans are generally not taxable when taken and cash withdrawals are not taxable until they exceed basis in the policy. However, if the policy is treated as a modified endowment contract (MEC) by IRC Sec. 7702A, withdrawals and loans are taxable when taken to the extent of gain in the contract and may also be subject to a 10% federal income tax penalty if taken prior to age 59½. Cash distributions associated with benefit reductions, including reductions caused by withdrawals during the first 15 years, may be taxable. Consult your tax advisor regarding your particular situation. Riders and rider benefits have specific limitations and costs and may not be available in all jurisdictions. For complete details including the terms and conditions of each rider and exact coverage provided, please consult your agent. To comply with IRS Regulations, we are informing you of the following: Any discussion or advice regarding tax issues contained in this presentation was not intended or written to be used, and cannot be used, to avoid taxpayer penalties. Such discussion or advice was written to support the promotion or marketing of the transaction(s) or matter(s) contained in this presentation. Anyone reading this presentation or contemplating a transaction discussed in this material should seek advice based on the client s particular circumstances from an independent tax advisor. Tax advice not offered by Transamerica Financial Advisors, Inc., Transamerica Financial Group Division or their affiliated companies.past performance does not guarantee or indicate future results. The S&P 500 Index is a broad measure of the U.S. stock market. Indices are unmanaged and one cannot invest directly an index. The returns include reinvestment of dividends and capital gains. The average stock fund investor refers to the universe of all stock fund investors whose actions and financial results are restated to represent a single investor. Indices do not take into account fees and expenses associated with investing. All economic data and performance data are historical and not indicative of future results. WealthWave, LLC is a financial services marketing company that is associated with World Financial Group, Inc. World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer a broad array of financial products and services. Insurance products offered through World Financial Group Insurance Agency, Inc. (WFGIA), World Financial Group Insurance Agency of Hawaii, Inc., World Financial Group Insurance Agency of Massachusetts, Inc., World Financial Group Insurance Agency of Wyoming, Inc., World Financial Insurance Agency, Inc. and/or WFG Insurance Agency of Puerto Rico, Inc. Securities and Investment Advisory Services offered through Transamerica Financial Advisors, Inc. (TFA), Transamerica Financial Group Division - Member FINRA, SIPC, and Registered Investment Advisor. Non-Securities products and services are not offered through TFA. Only WFG associates who are Registered Representatives and/or Investment Advisor Representatives of Transamerica Financial Advisors, Inc. can offer investment products and/or investment advisory services. WFG, WFGIA and TFA are affiliated companies. WealthWave and Transamerica Financial Advisors, Inc. Transamerica Financial Group Division are not affiliated. WealthWave Headquarters: 6475 E Johns Crossing, Johns Creek, GA Phone: (770) ext WealthWave.com WFG and WFGIA Headquarters: Johns Creek Parkway, Johns Creek, GA Phone: (770) WorldFinancialGroup.com TFA Headquarters 570 Carillon Parkway, St. Petersburg, FL Phone: (800) TFAconnect.com More info at wealthwave.com 2018, WealthWave Inc. All rights reserved FOR EDUCATIONAL & TRAINING PURPOSES ONLY