It used to be easier to get a new life insurance policy issued on a favorable basis. To the surprise of many, even after COVID peaked, as long as the applicant didn’t currently have it, COVID was pretty much a non-issue in the process. All this year, however, I’ve been sensing increasing scrutiny from a...
Patti didn’t realize what it meant when her life insurance company sold off her policy to an investment group. She didn’t know the dynamic had changed and that her best interest was not as important to the new owners as it had been previously. Unfortunately, the focus now was more on minimizing the company’s liabilities...
“I don’t care what the truth is as long as I know it!” Frank Campbell shares these sage words in his recent Spotlight from his networking group ProVisors. Frank’s mission is to continue to let folks know that 88% of all life insurance policies do not pay what the beneficiary is expecting. Fight on, Frank!!!...
When it comes to life insurance, audits aren’t the enemy. Getting your life insurance reviewed actually protects you better. A proper life insurance audit will get complete information from the issuing company on this specific policy. Understanding the Process In many events, when you obtain a personal life insurance policy, the paperwork gets stored away...
In a few weeks, we’re going to be bringing Sally a check for $650,000. Several years ago, Chuck and Sally were referred to us. Their CPA had asked them for information on their life insurance policy. Like most people, they hadn’t given it much thought, other than to pay the premium when it came due...
When you plan for the future, an important part of that process is purchasing life insurance. However, if time has passed since you first bought it, you may need to reevaluate your plan. Life changes such as getting married, having a new baby, or purchasing a new home all come with added responsibilities, making it...
Modern medicine is a wonderful thing. Back in 1918, our life expectancy here in the United States was about 55 years of age. In 1968, it was nearly 71 years of age. The latest figures as of 2019, tacked on another 8+ years, and now on average, Americans will live until almost 80. While doctors...
Life insurance provides essential protection if you have loved ones that are financially dependent upon you. Unfortunately, many people do not know how to buy life insurance, especially when it comes to securing the coverage they need. If you are ready to buy your first life insurance policy, but do not know where to begin,...
When it comes to life insurance, many clients come in thinking their policies are a concrete document. They expect the rates and benefits in their specific plans to be set in stone. They naturally assume their families are safe. The truth, however, is that most of these contracts are much more porous than they realize....
Many families are struggling just to pay their bills today as inflation remains high and interest rates climb. When forced to choose between paying for groceries or rent and something larger like life insurance, it’s no wonder they might have missed a payment or let their policies lapse. But buying a life insurance policy is...