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Your Life Insurance Agent Lied To You!

Your Life Insurance Agent Lied To You!

Don’t you just hate it when someone, anyone, lies to you for any reason? As the DOW plunges again today I’m sure one of the two biggest financial lies is running through a lot of minds, “It always comes back”. It’s just our opinion that in the whole scheme of things, while that seems to have held true over the history of the stock market, saying that it will always co...
Any Hidden Clues In This Life Insurance Report?

Any Hidden Clues In This Life Insurance Report?

You know there are times when we feel like we’re just going off based on a gut feel, not that we are, but let’s be real. Life insurance companies and life insurance agents making big commissions aren’t necessarily the best avenue for an unbiased opinion on a product. Occasionally though a piece of information will float to the top that sheds light on reality. We received a releas...
Five Step Quick Guide To Business Life Insurance!

Five Step Quick Guide To Business Life Insurance!

There really isn’t any magic to business life insurance. Just like personal life insurance you pay a premium (payment) to an insurance company so that if or when you pass away your beneficiary won’t be stuck in a financial bind. The difference is subtle. One is all about making sure your family doesn’t have to liquidate everything they have just to move on with life. Business lif...
Term Life Versus Guaranteed Universal Life! What’s The Difference?

Term Life Versus Guaranteed Universal Life! What’s The Difference?

The quick answer is really nothing other than the length of the guaranteed coverage period. Term life insurance can be guaranteed for as little as 1 year and as many as 30 making it an excellent planning tool for probably 95% or more of all life insurance needs. With younger clients we almost always suggest a 30 year term for the simple reason that, well, when we’re young we really aren̵...
The Money Behind Indexed Universal Life?

The Money Behind Indexed Universal Life?

Where does the money driving the alleged 8% and higher annual gains in indexed universal life policies come from? The life insurance agents that sell the product as a no risk way to have life insurance and retire have several crediting methods at their disposal but most often pointed to is some form of point to point method using the S&P 500. Though we’ve never actually had someone provi...
Does Universal Sound Big To You?

Does Universal Sound Big To You?

We’ve been working through Lincoln National with a client who wanted two life insurance policies, a $250k term policy for business purposes and $150k term policy for personal insurance. Lincoln Financial has a minimum face amount for term insurance of $250k, so it put us in a bind to meet her $150k need. Lincoln had the best rate class offer by a big enough margin that we really needed to st...
The Risk In Bad Life Insurance Advice!

The Risk In Bad Life Insurance Advice!

The life insurance is not immune from those who would dispense bad advice 1. Because they don’t know any better or 2. Because they rightly assume that in most cases the client don’t know any better. While life insurance falls somewhat short of rocket science, it does have enough variables to put the agent at a decided advantage over the client. A good example of this is a client of our...
Indexed Universal Life Needs To Visit Mythbusters!

Indexed Universal Life Needs To Visit Mythbusters!

We follow the blog of a competitor who has called out agents that sell indexed universal life policies because they are selling the policies as retirement and investment instruments and openly claiming that yields of 8%-10% are very likely. At Risk Life we agree that it is absurd and unseemly for life insurance agents to go around claiming investment results that clearly can’t happen on a consis...