When it comes to life insurance, the word “guarantee” may have different meanings. The first question that should be asked? “Is the guarantee conditional or unconditional?” Here’s why: Problem There’s hardly ever a problem when a policy has unconditional guarantees. “If you pay this premium, we will pay this death benefit to your age 120”...
Contrary to popular belief, not all life insurance companies are the same. Buying similar plans can end up with dramatically different results later on, depending on the quality of the organization issuing your policy. Here’s why: Problem When we conduct an independent policy review, an important part of our process is checking out the issuing...
I was at an Estate Planning meeting recently. The room was filled with attorneys, CPAs, and investment advisors – it was a great cross-section of the various professions who serve as advisors and provide guidance and advice to their clients. The program was a case study. We were asked to discuss the issues that concerned...
Here’s a very recent example: In March one of our attorney partners was redrafting a succession agreement for a business client. As team members, we were asked to review the existing insurance policies. Our analysis showed they were both excellent and deserved to be retained. The total amount, however, was $500,000 short of the amount...
The issue of marijuana use continues to evolve no matter where you live. While your state, like here in California, may have legalized the drug, the federal government still classifies the substance as illegal. As states push on despite the federal laws, the question of marijuana use is a hotly debated topic inside the insurance...
Life insurance fraud is an unpleasant experience. Consumers across the country are frequently targeted. Last week, we provided four ways you can help avoid life insurance fraud. But there are more. Here are three more ways that you and your family can avoid being victimized by an unethical company or agent. Shop around Just like all...
When it comes to life insurance, the word “guarantee” may have different meanings. The first question that should be asked? “Is the guarantee conditional or unconditional?” Here’s why: Problem There’s hardly ever a problem when a policy has unconditional guarantees. “If you pay this premium, we will pay this death benefit to your age 120”...
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...
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...
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...