COVID and Other Factors Influencing the Life Insurance Industry
How has COVID-19 affected the insurance industry in any way? It’s a common question that a lot of folks might ask. After all, the pandemic has turned the way we look at public health on its head. Here are Frank’s thoughts on the issue: Not as Great as You Would Expect While COVID-19 has made...
Life and Disability Insurance Policies are Assigned a Rating Class
Did you know that if a policy is issued at a preferred rating and your health deteriorates the company is not going to increase the cost? However, if the policy was issued at a higher rating, underwriting guidelines have evolved. Some medical conditions are now viewed more favorably than before. Reconsideration to a more favorable...
What is an Independent Life Insurance Policy Review and How Does it Work?
I was recently a webinar guest of attorney Dennis Sandoval of Sandoval Legacy Group. Early into the program, he asked this question about a policy review. Here, in a 90 second clip, is the answer so anyone who wants to can be confident about their life insurance plan. Held to a Higher Standard Here at...
Why Fixing Existing Life Insurance Policies May Be More Important Than Buying New Ones
As National Life Insurance Awareness Month comes to an end, we’ve seen an upsurge of articles relating to what life insurance is, why you should have it, and what type of policy is best. One common theme, however, is that all this content is centered around the acquisition of a new policy. Now, getting a...
If You Don’t Know Where you are Going You Might End Up Somewhere Else
This iconic quote from Yogi Berra makes us wonder, are our policy descriptions illustrations or illusions? We saw one case in which a universal life insurance policy was intentionally designed to last to age 100. It was properly presented by the selling agent and well managed since then. But because everyone recognized the possibility of...
Employer Life Insurance Plans May Not Be Enough
Most jobs these days include life insurance as a benefit for employees. It’s a valuable benefit while employed there, but how well does it protect the employee’s family? Too often, not well enough. Here’s why: Problem First of all, it was never intended (and normally isn’t) a complete solution. One or two years salary for...
Joe’s Wife Is Missing. So Is His Ability to Protect Her
My friend Joe hasn’t seen his wife since March. He’d rushed her to the hospital and had to watch from the door while the gurney wheeled her away. It turned out she had an aneurism that needed immediate attention. The doctors saved her life, but she’s still recovering in a rehab facility that’s locked down...
Three Times A Life Settlement Makes Sense
The reason to consider a Life Settlement of an existing life insurance policy is to be sure you don’t leave any money on the table. Many clients don’t realize they might be sitting on an asset that can be turned into cash – the sale of an unaffordable or unneeded life insurance policy. (We have...
Years Later, Prince Estate Struggles
Its been four years since the Artist Formerly Known As Prince passed away, and growing issues continue with the settlement of his estate. Problem What’s wrong with a reported $300 Million estate and inadequate Planning? Over $45 Million already spent – so far – sorting things out Four years-and counting – of publicity, chaos, and...
Table Shave? How to Save Money on Life Insurance!
Amazon is not the only company that has bargain days for their clients. For one of our recent clients, we were able get a new policy issued at a provider’s Standard rate, even though they had some preexisting conditions which should have made a Standard rating class impossible. Turned out, we were able to find...