A couple of the top-rated life insurance carriers I work with are now offering true non-tobacco rates for tobacco users that don’t smoke cigarettes. Make no mistake: these aren’t gimmicks like small face amount policies or products that are priced so poorly to begin with it isn’t a big deal. Term life and permanent policies […]
Summary: Mortgage Protection is just life insurance. Life insurance is extremely important and most people don’t have enough of it. Most people that purchased life insurance after responding to a direct mail solicitation for “Mortgage Protection” are paying way too much for their policy. In many cases you can get a new policy and save […]
Currently I have three top carriers that will consider applicants with a well-controlled HIV+ diagnosis. I’d anticipate that by the end of 2016 there will be half a dozen or more. Six months ago the number was zero. For people and families living with this health status, this is incredibly exciting news. For decades the […]
Indexed Universal Life with a Lifetime Death Benefit Guarantee You like so much about Indexed Universal Life insurance: • Low cost universal life chassis • Ability to earn interest based upon an external index like the S&P 500® • Interest credits that are locked in regardless of what happens to the index in the future […]
One of the unpleasant realities of getting a life insurance policy is the medical exam*. It’s really not that big of a deal. In most cases it’s as simple as a nurse taking blood, urine, blood pressure and some physical measurements. They come to your home or office and are in and out in twenty […]
For the last few weeks, social media, conventional media, your holiday celebrations, and your water cooler conversations have been full of talk about “New Year’s Resolutions.” Those of you reading this doubtlessly are familiar with the cycle of broken resolutions despite the best of intentions. I’ve come to the conclusion that the best time to […]
Last week while we were all feeding our faces like gluttons over the Thanksgiving Holiday our government’s gluttonous spending reached a new milestone: our National Debt hit $18 Trillion. That’s Trillion with a T! If you like to see zeros it looks like this: 18,000,000,000,000. I don’t want to get too political and I certainly […]
Here are five great questions I’ve gotten over the last few weeks. What really struck me are most of these are items that usually aren’t the first things that pop up in conversations about the concept but are really important. 1. Does having an IUL or contributing to an IUL affect yearly tax reporting […]
Recently there has been some press about a State of New York regulator looking into the sales practices of Indexed Universal Life carriers. IUL sales are growing like a weed, up 13% in first six months of 2014 and up from nothing to over $2B in a decade or so. Growth typically invites scrutiny. The […]
Joe Client is 45, male, a non-tobacco user, and his health suggests a standard rating. He calls two agents and they both agree to “run some numbers” for him. Joe wants to max fund a policy with $1000/month for 15 years then stop paying and when he’s 66 (year 21) start pulling out cash as […]