If you are looking to buy whole life insurance as a way to save for the future there is a huge mistake you might be making. I’m going to try and help you avoid that mistake with five rules you must follow when buying whole life insurance for this purpose. Following these rules will ensure …
The financial planning industry changed quite substantially since I arrived on scene a little over 10 years ago. In that time, much of the regulatory shifts seek to establish new standards (e.g. the fiduciary standard) across all transactions in an effort to 1.) force advisors to better educate themselves about financial products and 2.) give …
Following up on my long established position that indexed universal life insurance is not market correlated, I want to share a story about a recent client situation involving IUL. As you all well know, the market experienced incredible volatility recently due to major attempts to mitigate the spread of Covid-19. This resulted in a massive …
Looking back on our years of selling life insurance, we see a past of lessons learned. Some of these lessons taught us about the methods best avoided regarding life insurance selling. Other lessons solidify some truths we came to understand through years of watching them play out again and again like nighttime re-runs of major …
Life insurance agents are people, too. They have social lives, families, and dreams. They aspire to make as much money as possible and desire nice things–or at least financial peace-of-mind. But in this pursuit, some of them bend the rules a bit and distort reality in an attempt to close a sale. There are too …
Did you buy universal life insurance between 1980 and 1999? If you did, you might be entitled to compensation from predatory life insurance sales tactics that duped you into thinking that you could buy cheap life insurance without any notice that what you were doing was a potential disaster. For years, life insurance companies willingly …
Did you know that there are regulatory organizations that spend their time debating over who’s allowed to use a word and who’s not? Yes, in the endless search for truth and justice in the financial services industry, we’ve run out of real problems… Those in favor of regulating every single aspect of how financial service …
Indexed universal life insurance reviews are in no short supply all throughout financial media as well as the internet. Recently, a review came from a source that most of us would consider authoritative on the subject. In a mini white paper titled A Critical Review of Indexed Universal Life, Scott Witt rolled out a multi-point …
With COVID-19 shutting down lots of major business activity in the United States, it’s no surprise that a lot of people are experiencing fluctuations in cash flow. For many, the exact impact this will have depends entirely on the length of the current shut down. For those out of work, working reduced hours, or those …
