Americans strongly believe in the power of life insurance. By the end of 2020, life insurance coverage in the United States totaled $20.4 trillion, with life insurance companies paying over $314 billion in benefits. However, there are times when insurance companies – though it may not be intentionally so – engage in bad faith tactics....
Life could be so much simpler if we just needed one of everything. Why do we need more than one shirt, credit card, television, airline company, or burger place? Is it necessary to have more than one of anything? If everything stays frozen in time, one life policy will work just fine. If you take...
Are life insurance companies pushing it by asking for the data on your fitness trackers? Well, whether you’re for it or against it, John Hancock Financial is one company that it’s doing just that. Policyholders who allow them to access information from their fitness trackers will be provided with the incentive for lower rates. The...
If we’ve ever been fortunate enough to enjoy a conversation, hopefully, I’ve learned something special about you, and you probably know I love classic cars! Life is just more fun when there’s an interesting car needing to be driven somewhere. Take for example the 1958 Chevy Corvette C1. Just because I don’t fit in it...
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...
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...
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...
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...