Wednesday, May 15, 2013

"Seminar for P&C Insurance Agents" Part 2

"Seminar for P&C Insurance Agents"
16 January 2013
Hour 2

Now the presentation has begun and it a basic introduction.  The software is introduced as a financial GPS for easy terminology with the target audience is anyone with debt, big or small, mortgage or loan.  Then there is the incentive for people to share about the program, no selling.  This is the first part of the recruitment stage.  Now there is some credibility established.  Worth Unlimited started as a mortgage company in Utah in 1997.  They began a test program in 2005 for people to pay off their mortgages faster and the homeowners were 20% ahead of the schedule to pay it off.  In 2008 they received an Entrepreneur of the Year Award from  Ernst and Young, one of the top companies in finances.  This gets people interested and then he starts getting more in depth about how the program works.  It uses no personal information, all that is needed is how much and when you are paid, the rates and cost of your loans, and your expenditures.  Then it takes this info, throws it in some formula and out comes the expected date the loans will be paid off if the plan is followed.  It tells you when to pay and how much extra to pay to the penny to efficiently pay off the debt.  This is what amazes me about the software and why I continue with this project.

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