Debt Free Life (DFL)

(DFL related information found in HQ - https://b2b-hq.quility.com/page/advanced-markets/#debt_free_life)

What is DFL?

• The Debt Free Life program is based on the infinite banking concept, which allows clients to become their own bankers. Through this system, clients can utilize the cash values within whole life insurance policies to fund purchases rather than borrowing money from a lender. This concept provides clients with financial wisdom and can be used throughout different life stages to help cover unexpected expenses, fund education opportunities, supplement retirement and even pay down existing debt. https://b2b-hq.quility.com/page/debt-free-life

How do I get DFL certified?

• Contact your upline for approval for Advanced Markets Concepts, and complete certification process in QuilityU. If you haven't written the concept, we recommend 5-10 ride-alongs or resets with a SME to earn as you learn. https://b2b-hq.quility.com/page/quility-u-lms

Where can I find Debt Free Life presentation/marketing materials?

• All Debt Free Life marketing materials are available for download on our Debt Free Life Software page. Due to proprietary concepts and registered trademarks, we cannot allow adjustments to our Debt Free Life content.

Can I create my own Debt-free life marketing materials?

• Due to proprietary concepts and registered trademarks, we cannot allow adjustments to our Debt Free Life content.

Where do I find the DFL software and what are the costs?

• You'll receive software sign-up instructions after the certification course. The software is $97 a month

Who can help me with a DFL case design?

• Submit a support ticket to Advanced Markets along with the Illustration, client information, and goals you have.

Who can help me with loan servicing?

• The loan servicing dept will reach out to all active accounts within the software. You must select the Policy Issued button in the software for loan servicing to receive loan updates.

Where can I learn more about DFL?

• Training in QuilityU and HQ under Carriers & Products, then Product Concepts Page.

What product and carriers do I use for DFL?

• Participating Whole Life. The carriers available are Foresters, Mutual Trust, and Lafayette.

What does the assessment date mean?

• When first policy is going to MEC and need a second savings vehicle.

Why do the numbers on page eight not match the illustration?

• The illustration does not consider the needed second savings vehicle.

Why doesn't the software accurately read student loans?

• Student Loan minimum payments don't allow for a payoff date so the software can't run an accurate report.

Why can't I use an IUL for DFL?

• IULs are guaranteed not to lose money but are not guaranteed to gain interest. Plus, the IUL has very high surrender fees at the beginning of the policy.

Can I share my software?

• No

What and how do I get paid for DFL?

• You will be paid on the base and term and a residual percentage of PUAs after year one. You can contact the carriers for the breakdown.

How do I report DFL premium in OPT?

• Add the base and term times 12. This is your APV.

Who is an ideal client for a DFL Policy?

• Age 25-65 w/ multiple debts and overpayments.

When does a DFL case become and IBC case?

• Once all consumer debts are paid off and the client is debt free.

How do I illustrate DFL?

• Watch illustration videos in HQ.

How do I become a DFL SME?

• Complete certification in QuilityU. If you haven't written the concept, we recommend 5-10 ride-alongs with SME to earn as you learn.