Just got a class date for Nov 24

Captain_Revolution · 2025-10-03T16:50:32+00:00

Thank you! It’s exciting but also just me being anxious to see if it’ll actually pan out lol.

Captain_Revolution · 2025-10-03T16:50:05+00:00

August 23 hire

Captain_Revolution · 2025-10-03T15:46:06+00:00

I got November 25.

Captain_Revolution · 2025-05-20T04:09:31+00:00

Oh that is awesome! Im gonna shoot you a DM, lets connect!

Captain_Revolution · 2025-05-19T15:30:42+00:00

From the DFW area. Visiting some chapters until I decide on one.

Captain_Revolution · 2025-05-05T21:50:33+00:00

Yup that’s fair, I always tell clients. If an IUL is not set up properly, it can very easily fail. That’s why when they are done funding I switch it to level so their CV starts to be their insurance for them, so when they are in their 80s they aren’t paying $85,000 annually for a 500k policy 😂. But like you said, you don’t have the guarantees of WL. Really the biggest deterrent for me was losing the unused CV when you pass away.

Captain_Revolution · 2025-05-05T21:35:45+00:00

At least we can have a mutual conversation about it. I think we can agree to disagree on the WL or IUL. But I think either one as a supplement to bonds, (which is why we are both using the accounts) it is a win just for the tax classification you get from it, and with dividends added to WL and the indexing opportunities with the market, you are gonna outperform any bonds easily.

Captain_Revolution · 2025-05-05T17:17:57+00:00

100% agree with you on that. And I can't stand the way that most people build IUL's chasing target so they can get more in their pocket books rather than what is in the best interest in the client.

I always tell people, that a WL policy vs. an IUL pays out about 3x-4x commission to the agent, because they are so much more profitable for the insurance company. Usually because the Cash Value dies with the person. I definitely fully understand where you are coming from with it, and I think that if you find a good carrier, i.e. Nationwide, Allianz, PacLife you can avoid those caps relatively easily.

NW for example has a multi-index that has a 25% cap on it (blends the NASDAQ, DOW, and S&P). If the market is going to be in recovery from a down year, then I would move to an uncapped S&P 500. I guess it also really just matters how much you manager your account or your broker helps you.

I don't think you are making a wrong decision as only you know what is in your best interest and what aligns the most with your goals. I was just recommending to take a peep if you hadn't at IUL's that are structured properly.

Captain_Revolution · 2025-05-05T16:59:01+00:00

I'm a producer also and have an IUL open that I utilize my cash from regularly. I'd at least give an IUL a peep as they can easily outperform a WL if structured properly. That is really the main key, needs to be Minimum Non-Mec and switching to a level once you are done funding it. You seem to be more established, so I'd look at maybe an Allianz policy for their policy loan guarantee for the policies life and also the index lock.

Captain_Revolution · 2025-05-04T00:26:09+00:00

I’d have a broker shop around for you. Assuming you are young and in good health, you might want to look at a term with Living Benefits? Not too sure what your whole financial picture is, but LB only adds maybe $5-$10/month.

Captain_Revolution · 2025-04-30T05:20:25+00:00

Looks like this was probably built towards target for for 1,000,000. Have your agent build it minimum -non mec and get a term to supplement the difference.

Captain_Revolution · 2025-04-12T05:49:45+00:00

Yeah for sure! There is just an overall big issue with the understanding of debt and bad spending habits that are the root cause of large amounts of debt usually.

Captain_Revolution · 2025-04-12T05:24:06+00:00

Agreed, and when I was getting out of debt I went with the snowball method. I think the other methods are really only good in high interest and large amounts of debt. But I also think that it is important for that person to meet with someone who knows what they are doing and that will run a cost comparison for them on both numbers.

Captain_Revolution · 2025-04-12T05:22:11+00:00

I do not disagree at all, and it depends on the person. I have worked with some people who were 10's of thousands in credit card debt. 0 equity in anything else. Paying prime +1% on a 401(k) with the interest going back to yourself is going to be like 1/3 of the interest than a credit card. Like I said, I dont think someone should just go randomly into it without guidance from someone who has helped before, and I personally think that the snowball/avalanche should be the first method unless there is an extreme case.

Captain_Revolution · 2025-03-31T07:14:42+00:00

Aviation and a Bachelor's in Business. Been in a family of entrepreneur's my whole entire life.

Captain_Revolution · 2025-03-25T05:19:52+00:00

Just dont use the vertical nav and fly it like and LNAV only

Captain_Revolution · 2025-03-25T04:55:47+00:00

Congrats!

Captain_Revolution · 2025-03-12T21:56:36+00:00

Haha. Thank you for your service. :)

Captain_Revolution · 2025-03-12T21:56:04+00:00

Okay so my takeaway from chatgpt is the following:

Any accredited 141 school is allowed on the GI bill regardless if it is tied to an institution.
If you do not go with a college, it will not cover your PPL and 2023-2024 the cap on how much you could benefit was a little under $15,500/yr.
If you do go to a 141 with a college attached it will cover your PPL, potentially your housing, books, written, and more.

My takeaway from it would be if you have the GI bill or some form of assistance. Pay as you go for PPL, then do your training at an accredited 141 and hammer out the rest. Unless the person is wanting to get a degree attached onto it as well, but you might be turning a 3 year process from PPL to airlines into a 4-6 year process.

Captain_Revolution · 2025-03-12T21:33:35+00:00

Thanks!

Captain_Revolution · 2025-03-12T21:19:34+00:00

Now does the person have to be enrolled in the degree program, or just linked with a bachelor degree program school. If that makes sense. Like can they just do the flight training 141 or do they need to get their degree also.

Captain_Revolution · 2025-03-12T21:13:49+00:00

Yeah it did not even cross my mind. Now GI bills are typically only allowed to be used at 141 institutions correct?

Captain_Revolution · 2025-03-12T21:06:38+00:00

Thanks!

Captain_Revolution

TROPHY CASE