Manhattan Reborn 1978

In the nightclub.

After David confirmed that Ben Likert had joined, he lowered his head and looked at the notebook in his hand.

He planned to get one more piece of business tonight.

Looking at the information found in his hand, he held a small dessert in his hand and kept stuffing it into his mouth.

After thinking clearly.

He finished half the bottle of soda and burped.

Everyone listened to the burps coming from the speakers, fell silent for a moment, and then burst into laughter.

"Okay, guys, be quiet for a moment. Next, I will talk about the new business that Da Group is planning to launch."

Everyone was curious and fell silent.

and also?

"Before I tell you about my new business, I would like to do a simple survey."

"Olina, do you know the latest bank deposit interest rate this year?"

Olina was stunned when she was called. She stood up and recalled: "It should be about 8%."

"Thank you, Olina!"

"Then I want to ask everyone, has anyone bought insurance? If anyone has bought it, you can raise your hand to let me know."

The scene was quiet, and a dozen businessmen in the queue behind raised their hands.

David was amused: "Are these the only ones who have purchased insurance?"

"Okay, the new business I want to talk about now is the insurance company."

"It just so happens that none of you have bought insurance. Tonight I will tell customers about the business projects of Da Insurance Company."

"I divided the business that the insurance company will launch into four sectors."

"Participating insurance, universal insurance, disability insurance, and finally customized life insurance."

“Let’s talk about participating insurance first, which is a financial insurance product.”

“Its characteristic is that after the policyholder purchases the product, it has both a protection account and an investment account for the policyholder.

In addition to receiving the protection obligations stipulated in the policy, policyholders can also enjoy the distribution of surplus profits obtained from the operation and investment management of the insurance company. "

"Wait!" Pine stopped David directly.

"David, are you sure? I've never heard of this!"

"Yes, Pine, this new insurance method was summed up by me. Please let me finish it first."

Pine looked at David, was silent for a moment, shook his head and said: "Please give me a few more pieces of paper, I need to record it. Thank you!"

Vince, who had been paying attention here, hurriedly took the small book from the bar and trotted over to send it to Pine.

"Okay, let's continue."

"In addition to the basic protection function of insurance products, it also allows policyholders and insurance companies to share the right to dividends from actual operating results every year."

"Dividends are a profit-sharing act given by insurance companies to policyholders. It is an additional benefit that you can get. It is paid in the form of cash."

"Do you have any questions about it?"

Everyone raised their hands.

David smiled and pointed, and Giles said: "What are the directions of the insurance company's business investment that you mentioned? And what are the regulations on the insurance period?"

"good question!"

"Insurance companies will invest in multiple directions. Among them, those with stable returns include treasury bonds, financial bonds, securities investment funds, etc., which will account for the majority of the investment."

"The venture capital and angel investments I just mentioned account for a small part of the investment."

"The amount of its dividends fluctuates with the insurance company's annual investment and operating income."

"Moreover, I will adopt a new investment calculation method, the cash dividend method, after participating insurance."

“Under the cash dividend method, policyholders can choose to retain the dividends with the company each year and accumulate interest.”

“You can also use cash dividends by withdrawing dividends in cash and deducting the next period’s premium.”

"For policyholders, the choice of cash dividends is more flexible and meets your various needs for dividends."

"But the cash dividend method, this distribution method is very transparent. Under market pressure, the company has to distribute most of its profits to ensure the interests of policyholders."

"Then these assets cannot be effectively used by insurance companies, which will significantly reduce the company's investable funds. Correspondingly, the total investment income will also be reduced."

"So, I divided participating insurance into three investment models: short-term within three years, medium-term between three years and eight years, and long-term investment between eight and 20 years."

"Within three years for the short-term type, the amount of dividends will be similar to the annual bank interest rate."

"For the medium-term period of three to eight years, the amount of dividends will be calculated based on the insurance company's annual solid investment income."

"For a long-term period of eight to 20 years, the amount of dividends will be calculated based on the insurance company's total annual operating investment income."

“But today, all of you here can be the first customers of an insurance company.”

“You can all enjoy preferential benefits limited to the first batch of customers!”

"If you choose short-term, our company will settle according to the medium-term contract."

"If you choose the mid-term, our company will settle according to the long-term contract."

"Do you have any other questions?"

Among the people, some started to lose their brains.

Someone stood up and asked: "David, what are the differences between venture capital, angel investment, and participating insurance you mentioned?"

As soon as he finished asking, some nodded and some sneered.

David smiled and replied: "The biggest difference is that venture capital and angel investment have the risk of losing money, but the returns will also be high."

"Participating insurance transfers the risk of investment failure to the insurance company. As the policyholder, you can get a fixed income every year."

"After you invest in participating insurance, the basic premium expenses will be deducted from the money, and the rest will go into the company's investment fund pool. After the insurance company obtains investment income, it will distribute dividends to everyone in proportion."

“In terms of income and time, angel investment has the shortest time, and the income is proportional to the risk.”

“Venture investment takes a slightly longer time, requires more investment, has slightly lower risks, and has high returns.”

"Participating insurance has a long time horizon, low investment, and can be invested in installments. There is basically no investment risk and the returns are relatively average."

The person who asked the question nodded to show that he understood.

Pine raised his hand and asked a question.

"How is the dividend ratio of participating insurance distributed? Will the amount of short-term dividend income fluctuate with the bank's interest rate?"

"Yes, it will fluctuate with the bank's interest rates. Of course, the company will also determine the amount standard based on the actual situation each year."

"We are not sure what the interest rates will be next year! If interest rates rise to 18% or even 25% next year, we cannot afford to pay such a high dividend amount."

Everyone laughed, if bank interest rates are really so high, then why invest?

Just put the money in the bank and that's it!

"As for the distribution ratio of dividends, let's take the long-term type as an example. After deducting all expenses every year, 60% of the company's surplus will be distributed as dividends."

"That is to say, if an insurance company operates and invests every year, deducting all expenses, and has a surplus of 1000 million U.S. dollars, according to the dividend ratio, 600 million U.S. dollars will be distributed to all policyholders in proportion!"

Pine, Giles and Bloomer were silent, taking deep breaths.

This kind of financial insurance product that looks like a big giveaway is really great. .Unheard of!

Andy, Likert and Olina, who were knowledgeable, also looked confused when they heard this.

60% of all profits are distributed!

Does David plan to make money on his own?

What no one knows is that David bought dividend insurance in his previous life, and he also studied its characteristics and income algorithm.

What I’m telling you tonight seems to be a big giveaway!

The purpose is to use insurance companies to collect funds and provide financial support for subsequent venture capital and angel investments.

David thought he might as well tell the whole story.

"The preferential benefits of dividend-paying investment that I just mentioned are only for everyone here tonight."

"If you think carefully and want to buy participating insurance, everything I said today will be written into the contract, which is a preferential benefit for everyone."

"Except for everyone here, if anyone wants to buy or invest, their contract will be executed according to an investment contract without any preferential benefits."

"As for the specific content of the contract."

"Andy, Likert, and Olena."

The three people named stood up.

"Andy took the lead, and Olena and Likert helped him figure out the insurance company's framework and details."

"Three of you, you can refer to the existing contracts of other companies as a draft. Based on the actual situation of our company, please write what I just said into the contract as soon as possible."

Andy frowned, nodded silently, and sat down.

Olina was so excited that she wanted to jump up, but she restrained herself and sat down.

His face started to turn red.

Likert's face was full of pain and joy.

After sitting down, he looked at David with a much more complicated look.

After David finished talking to the three of them, he looked at Pine: "The insurance company needs your help! Man!"

Pine nodded and gestured OK!

David let go of most of the stone in his heart.

He finished half the bottle of soda and continued.

"We just talked about participating insurance."

"Let's talk about universal insurance and disability insurance."

"Yes, universal insurance is an insurance product that has never appeared before."

"The reason why it is called universal is that after taking out the insurance, the policy holder can make appropriate adjustments to the insurance amount, premium, payment period, etc. according to the protection needs and financial situation at different stages of life."

"In other words, after paying a minimum amount of the first premium, the policyholder can pay any amount of insurance premium at any time."

"And arbitrarily increase or decrease the amount of benefits after death."

"The company only requires that the cash value accumulated in the policy investment account is sufficient to cover the risk protection costs and fees in subsequent periods."

"It has a lot of advantages for everyone."

"It will also set up protection accounts and investment accounts in the name of the policy holder."

“Even if its protection function is not supplemented with other types of insurance, due to its adjustable insurance amount and flexible payment features, one policy includes critical illness insurance and accident insurance, and you can also choose to take into account financial management, which makes it convenient to purchase insurance. People’s investments preserve their value.”

"Also, it has a strong ability to withstand inflation."

"Part of the premiums from universal insurance will also be transferred into the insurance company's capital pool for rolling investment."

“This ensures returns, beats inflation, and increases the value of the policy.”

"Finally, and most importantly!"

"The funds in the personal investment account of the universal insurance holder will be charged monthly interest calculated based on the bank's current interest rate, with monthly compound interest."

“Policyholders can flexibly withdraw cash from their personal investment accounts based on temporary capital needs!”

"In other words, if you are in urgent need of money and have no money in your pocket, you can go to your personal account in the insurance company and withdraw cash without overdrafting. At the same time, the insurance contract will remain valid!"

"Also, it will also use the cash dividend method to calculate investment dividends, but there is one thing to be clear about here."

“Because of its ability to deposit and withdraw at any time, its investment dividend ratio will be reduced to about 5%-10%, so as to ensure the stability of the overall investment fund pool.”

"Oh god!"