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Breaking The Life Insurance Ice With Alaska’s Fishermen!

Breaking The Life Insurance Ice With Alaska’s Fishermen!

We’ve been a leader in acquiring life and accidental death and dismemberment insurance for people with dangerous hobbies and dangerous careers for years and recently we helped a crab fisherman from Alaska get $100,000 in coverage, something that he and his girlfriend had kind of written off assuming no one would do it. For us and the underwriters with Lloyds of London there wasn’t a hu...
No Life Insurance Late Payment Notice? What Is Protective Thinking?

No Life Insurance Late Payment Notice? What Is Protective Thinking?

We get customer service. It’s a good thing where you go out of your way to make sure things work out satisfactorily for a client. That’s why life insurance companies send out late payment notices during the grace period to make sure that a customer didn’t miss their statement which could lead to an unplanned lapsed policy. I was talking to a Protective Life insurance client, reti...
What Would Life Insurance Cost Without Risk?

What Would Life Insurance Cost Without Risk?

Another way to approach that question would be to ask just who it is that presents the least risk and how do life insurance companies determine when extra risk is present. The average life expectancy in the US varies from state to state with Mississippi and West Virginia bring up the lower end at around 75, while Hawaii is a full year better than everyone at 82.7. We’ve heard it put other wa...
Low Life Insurance Rates Cost Someone More!

Low Life Insurance Rates Cost Someone More!

Coming on the heels of another rate decrease by one of the leading term life insurance companies we have raised the question with some companies, if the best rates are going down, whose pocket is that coming out of. We understand that making your best two rate classes more competitive lures more healthy young people with less risk, but when you lower the profit margin at that point, don’t yo...
The Life Insurance Medical Record Quagmire!

The Life Insurance Medical Record Quagmire!

If everyone would just go to one doctor, or if they can’t accommodate that if they could at least make sure that copies of any other records end up in their primary care doctors records. There, we’ve satisfied our need for a little whine, but for anyone with a health history of any consequence it takes an extra effort on the part of the agent and client to make sure that the life insur...
Are You Feeling A Little Anxious These Days?

Are You Feeling A Little Anxious These Days?

We’ve talked over the years about how a little anxiety or a little depression seems like an appropriate response to the world and especially the country we live in. We live in a country where type A work personalities are given gold stars and where the non stop feeding tube of TV provides any number of reasons on any day to be feeling a little down. Take today for instance. We’re about...
Choose Your Life Insurance Company With Some Caution!

Choose Your Life Insurance Company With Some Caution!

We know that the Protective Life group of companies, which includes acquisitions such as Chase Life Insurance and wholly owned subsidiaries like West Coast Life and Empire General, have been decidedly customer unfriendly for years. It was four of five years ago that they very quietly removed their GUL, guaranteed universal life, products from their customer options for term conversion. It was done...
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