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Posts Under CEO life insurance Category

War Zone Life Insurance Buyer Beware!!

War Zone Life Insurance Buyer Beware!!

I only bring this up because a former client of mine, convinced that I had misinformed him, dropped his Lloyds of London Accidental Death and Dismemberment insurance covering him for all acts of war and terrorism. He works as technical support in a forward operating base in Afghanistan and was paying something in the $200 a month range for $500,000 worth of coverage. His wife did her due diligence...
Now or Never Life Insurance!

Now or Never Life Insurance!

Sounds a bit like a sales close doesn’t it? But this is coming from the buyer, not the life insurance agent. It happens more than you might think with business life insurance where a loan that needs life insurance collateral is needed now, not later. If it isn’t acquired now, the opportunity for a loan, a new business, an important acquisition or a strategic business move might be miss...
Acts Of War Or Terrorism Life Insurance!

Acts Of War Or Terrorism Life Insurance!

I don’t like to play on people’s fears when helping with life insurance, but let’s be practical. If you are a missionary, business person or civilian contractor with ties to the US and you’re working in areas of the world where bad people are playing the wreaking havoc game and being American targets gets them the most points, life insurance that speaks directly to acts of...
I Will Never Know Enough To Do This Job!

I Will Never Know Enough To Do This Job!

It occurred to me after I had finished getting information for quotes from a man who only had half a diaphragm that gave him less than perfect pulmonary function on that side, coming right on the heels of getting life insurance approval on an HIV+ case, which was preceded by binding coverage for a company CEO to have $1 million in coverage to do counter terrorism work in Iraq and helping another c...
When Your Agent Says That Can’t Be Done!

When Your Agent Says That Can’t Be Done!

When I get a phone call or an email from someone saying that they’ve been told by their life insurance agent or even multiple life insurance agents that their situation just can’t be approved and covered, well, game on. While there is a possibility that the client might not be able to get traditional life insurance, that is far more rare than you might think, and in those cases in almo...
Business Life Insurance For The Mature Executive!

Business Life Insurance For The Mature Executive!

Business life insurance, whether for the CEO as key man insurance, partners in a business buy/sell agreement, bank loan collateral or stock repurchase plans are a specialty in their own rite, but add businessmen over age 50 or 60 or 70 and things can get complicated. Generally speaking those born in the 70’s and 80’s at least don’t present any health challenges that complicate th...
Declined For Business Life Insurance?

Declined For Business Life Insurance?

In business succession planning there are several ways that life insurance isn’t just a good idea, but is required. If your banker says they will loan you $3.5 million to expand your business, that’s great news. If they tell you that a life insurance policy will be required as collateral and you know ahead of time that you can’t get approved, such as a CEO who is HIV+, or you fin...
Foreign National Business Life Insurance Hoops!

Foreign National Business Life Insurance Hoops!

We never cease to be amazed by the way the pendulum of requirements swings for legitimate foreign national business owners who want to buy US life insurance. We get that the pendulum follows the US State Department’s feelings about the safety of countries, but that part of it seems to stay more stable than the issue of the foreign national’s ties to the US. One year life insurance comp...
How Do Life Insurance Companies Feel About Your DUI? Both Of Them?

How Do Life Insurance Companies Feel About Your DUI? Both Of Them?

It wasn’t that long ago that if you wrote DUI on a life insurance application it would automatically burst into flames. Why allow it to make it to an underwriter when it was an automatic decline, almost no matter how long ago it was. There used to be a company called Federal Kemper that felt so strongly that the life insurance liver function GGT was an indicator of a life time of drinking th...
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...
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