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...
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...
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...
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....
Not everyone’s ears perk up when life insurance is brought up in a conversation. There are a lot of misconceptions about life insurance that deter people from taking advantage of its amazing purpose. It’s easy to see it as a burden or an expense rather than a protection or an investment. “I don’t have any...
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”...
Background: A recent UBS study found that 56% of widows experience a financial surprise at the death of their spouse. Additionally, a widow can expect an average 37% decline in income – money that won’t be there to maintain their standard of living. Many times, those bad outcomes result from the absence of a good...
If you’ve secured a solid life insurance policy, we commend you for making the necessary arrangements to secure your family’s financial future. If you’ve already had a policy review performed by an expert to work out any kinks or changes in your plan, you’re most definitely on the right track. Now, we want to make...