LEAP – Lifetime Economic Acceleration Process

  • In September 2012, Leap Systems, LLC became an affiliate of Penn Mutual. LEAP is a leading provider innovative financial systems for financial professionals throughout the United States and Canada.

2012 0310 – ThinkAdvisor – Leap Systems, LLC, Announces Organizational Changes – [link]

  • 2017 1112 – Economic Warrior / Barry James Dyke – Robert Castiglione, Founder of The Leap System  —  [BonkNote]  —  [VIDEO-YouTube-41:52]
  • 2020 1022 – Economic Warrior / James Dyke – Bob Castiglione – [VIDEO-YouTube-34:57]
  • 2024 0313 – Economic Acceleration – Bob Castiglione Delivery on Utility of the Death Benefit – [VIDEO-YouTube-01:13]

1980s

  • 1987 – MDRT Proceedings – MDRT 1987 Bob Castiglione – Life Insurance The Heart of Financial Consulting – [VIDEO-YouTube-54:15 – U]

1990s

2000s

  • 2004 – MDRT Proceedings – MDRT 2004 Bob Castiglione Creating A Wow Experience with Life Insurance  —  6p  —  [VIDEO-YouTube-53:30 – U]
  • 2005 – Book – Leap: Lifetime Economic Acceleration Process, by Robert Castiglione

2010s

  • 2012 0310 – ThinkAdvisor – Leap Systems, LLC, Announces Organizational Changes – [link]
  • 2013 05 –  LMR – My History with IBC, by Robert P. Murphy, PhD, Lara-Murphy Report – 17p
  • 2014 – InsuranceNewsNet – Leap Systems, LLC, Announces Organizational Changes – [link]
    • Leap Systems, LLC, an affiliate of The Penn Mutual Life Insurance Company, today announced organizational changes that will continue to position LEAP as a company committed to providing innovative insurance and financial systems for financial professionals and consumers throughout the United States and Canada.
    • Ande Frazier, CLU, LUTCF, has been named President & Chief Marketing Officer. She brings more than 20 years of LEAP marketing and training experience to her new role.
  • 2014 – LMR – Defending IBC from Bob Castiglione by Robert P. Murphy – [link]
  • 2013 05 –  LMR – My History with IBC, by Robert P. Murphy, PhD, Lara-Murphy Report – 17p
  • 2011 0306 – What happened to the LEAP thread – Post by mephistophles » Sun Mar 06, 2011 11:58 pm – bogleheads.org/forum/viewtopic.php?t=70217
    • I responded to Robert Castiglione, founder of the LEAP system when he stated that LEAP had nothing to do with life insurance.
    • I posted some comments and a link showing specifically that Mr. Castiglione presented his LEAP system to the Million Dollar Round Table annual meeting of top insurance agents in the world a few years back.
    • That thread seems to have disappeared. It ceased to exist. It vanished. I can only assume some mechanical glitch deleted that thread. If I broke a boglehead posting rule, I was not aware of it. No moderator has contacted me.
    • Bogleheads need to know that the LEAP system is used by life insurance agents to sell large amounts of whole life insurance.
    • So, what happened?
    • by Mel Lindauer » Mon Mar 07, 2011 9:45 pm
      • When a thread disappears, you should know that it was because of a moderator action. Openly questioning Moderator actions is a violation of forum policy. In the future, use the PM system to question things like this.     
      • That thread appeared to be spam or a commercial for the program. The thread was started by a new first-time poster and then the CEO of that program just happened to show up and try to tell forum members about the program.
      • It was considered to be spam/commercial so it was removed. This thread is now locked.
  • 2016 1028 – insurance-forums.com/community/threads/leap-and-cheaper-alternatives.85108/
    • p1 – TomZack – For those who are familiar with the (expensive) LEAP software program….. Are there mini versions or less expensive or alternative options in the marketplace? The larger mutual Life companies have LEAP or something like it for their offices and agents.
    • p2 – PrivClientSG – Well, since this was revitalized just a few months ago, I will chime in, LOL. While I’ve spent a fortune on software, I can’t speak to “financial planning” or that marketplace, because my experience with that software is limited, and I am not in that marketplace.
      • Bob Castiglione, the founder of LEAP, whether you like him or not, was really the first to bring together and formalize the life insurance concepts that LEAP was all about. The living benefits of life insurance, the death benefit as an asset, a capitalized asset, etc. — all of it was inside of LEAP. Was it a system? Or was it a “sales process” — I’ll let you decide and everyone else to argue, LOL. Sure, there were others who spoke about these concepts, but Bob really formalized it and brought it into a system. While I’ve seen software systems that portrayed these concepts, most of them were either market-specific (like InsMark in the estate planning marketplace for example), however, LEAP was very early on and covered all of it for the masses. If you read the Economics of Life Insurance, by Solomon Huebner, which was updated and re-published by Bob Castiglione, you can see all of these concepts. I took LEAP — in the mid to late 90’s, kept my license active, did all the updates, symposiums, etc., but I did not adopt it as it was meant to. I adapted it to my marketplace and used many of the concepts. I also bought the software when it came out and was licensed with it until about 7 years ago or so.
      • In the end, I can’t speak to alternatives as I don’t directly and intentionally look at them. However, I do think there is some great software out there in certain marketplaces, with certain uses, applicability, etc.
    • p2- Lloyds of Lubbock – Try Circle of Wealth. It is like leap light.
    • p2 – DHK – Two completely different ‘ultimate’ planning objectives.
      • LEAP uses the “permission slip spend-down” concept (minimum pay permanent policy to offset other assets) while Circle of Wealth advocates more of the max-funded cash value life insurance policy approach.
      • I went into more detail with Tom Love (who learned from Don Blanton and evolved from COW) and John Ocweija (who was a LEAP trainer and now a co-founder of Wealth Building Cornerstones):
        • [Bonk: 2022 0113 – The Financial Advocacy Podcast / David Kinder – PLIAD Group Expert Series: Selling Systems and Learning the Economics of Life Insurance Contracts – [VIDEO-YouTube-01:52:46]]
        • [Bonk: Wealth Building Cornerstones – wbcornerstones.com/]
          • Wade Pfau – wbcornerstones.com/dr-pfau/  –  We are extremely excited to announce that Dr. Wade Pfau CFA, RICP® has joined Wealth Building Cornerstones™ as our Chief Research Fellow. Dr. Pfau has his BA and BS from the University of Iowa, MA and PhD from Princeton University.
          • Dr. Pfau is a Professor of Retirement Income and the Program Director for the RICP® designation at The American College®.
          • Dr. Pfau has written two white papers on WBC and the strategies within. He has also recently released his book, “Safety-First Retirement Planning”, that references WBC. No other system has this level of academic backing and support.
  • 2008 – Book – Killing Sacred Cows, by Garrett Gunderson
    • p30 - Robert Castiglione, the founder of the LEAP (Lifetime Economic Acceleration Process) system of financial engineering, teaches that financial institutions operate under four rules:
      • 1. Financial institutions want our money.
      • 2. They want it on a regular, systematic basis (preferably through automatic withdrawal). 
      • 3. Once they have our money, they want to hold on to it for as long as possible (hence early withdrawal restrictions). 
      • 4. If they have to give it back, they want to give back as little as possible.
      • Does this make the business practices of financial institutions unethical? No. The point isn’t to criticize them for operating this way, but to clarify that their operations are based on their own interests-which often do not coincide with ours. The fallacies of the accumulation theory are exposed when we understand what the financial institutions do with the money that we give them-
    • Self-insurance really means no insurance.
  • In the Matter of Department of Enforcement vs. Daniel D. Manoff, Poolesville, Maryland