Richard Canfield explains Nelson Nash's "dividend party" concept: how dividend-paying life insurance policies deliver annual payouts when the insurer is profitable and the board votes to issue them, typically on the policy anniversary.
Chapters
We actually used to play this clip of Nelson from his 10 hour seminar. And we had him, literally, we had that whole section in there in our training is called the dividend party. And Nelson would talk about when you get your dividends, they call all the accountants and the rate makers in and they figure out how do we do on, on the numbers this year? Oh, look at that. We got a surplus. We got some money to pay a dividend, you know, and everyone says it's time for a dividend party. So every year on the anniversary date of the policy, you get the opportunity to receive a dividend if the insurance company is, number one, profitable, and then number two, the board of directors chooses to issue a dividend.