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Thinking About Life Insurance In A New Way

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Clients sometimes think that life insurance is only to provide for family after a loss, however Equitable shows that using life insurance as an asset may be able to help in many other ways.
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There’s no place like home, especially now, so protecting what may be your client’s most valuable asset is an easy way to start the life insurance conversation. Legal & General America’s offers coverage options to fit any budget. Download flyer  |  NY version
The post Legal & General America Shows Clients How to Cover Their Mortgage appeared first on Insurance Designers of America.
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The SECURE Act changed the ability of some beneficiaries to stretch the money in the account over their lifetime. AIG shows that if a client’s legacy plan involved a “stretch IRA”, it’s a good idea to do a beneficiary review and see how they might be affected by the SECURE Act. See it in action!
The post The legacy your client leave can be a result of something they do today appeared first on Insurance Designers of America.
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Guaranteed Protection + Living Benefit Coverage = Built for Life

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Half of those turning 65 will need some type of LTC coverage but adding a chronic illness rider can be expensive for many clients. That’s why Protective Lifetime Assurance UL delivers two types of solid protection: (1) a straightforward death benefit and (2) optional chronic illness coverage with their ExtendCare Rider. Learn more in their […]
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Retirement by the Numbers

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Prudential offers an engaging infographic showing a couples’ basic expenses at retirement. The visually alarming numbers can help start the conversation around the need for life insurance as a source of supplemental income for retirement. Learn More
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Update to Fitch Ratings for Securian Financial

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Fitch’s Ratings – recent affirmation of our AA rating and Stable outlook. Here is the link to the article: Click Here.
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We are terrible at realistically estimating our personal risk of experiencing a serious illness. As a result, we are less likely to protect ourselves against the negative financial impacts from events we don’t believe will happen to us. What are the real chances? Test Your Knowledge Now
The post Columbus Life Asks Consumers, “What is the Financial Impact of a Disabling Illness?” appeared first on Insurance Designers of America.
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A Strong Endorsement of National Life’s Financial Strength

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Rating agency A.M. Best Co. has reaffirmed its financial strength rating of A (Excellent) for the insurance companies of National Life Group. Read more.
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Legal & General Updates Their Financial Factsheet Materials

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Legal & General America continues to back our market-leading competitive position and solid operating performance with exceptional financial strength ratings. With over $5 billion in invested assets and more than $759 billion of coverage in force, our long history demonstrates our experience in every kind of economic climate.  See our updated financial results here.
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Equitable Helps Clients Plan for Tax-Efficient Retirement Income

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With fewer companies offering pensions, personal savings is necessary to fill that void. Equitable helps consumers learn the benefits of cash value life insurance.
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A settlement has been reached in the years-long law suit over increases in non-guaranteed costs of insurance for universal life policy owners.

On October 4th Transamerica announced a $195 million settlement for increases announced in 2015 and 2016 that affects over 100,000 policy owners.

Ron Sussman, CEO of CPI Companies was an expert witness in the case and an advocate for policy owner rights.

Policy owners will receive payments credited to their cash value and a 5 year moratorium on any future rate increases.

More information to follow.

Happy to share my first article in INN Magazine

Article: http://www.insurancenewsnetmagazine.com/article/%E2%80%98unscheduled-policy-loans-can-create-sales-opportunities-3524#.W4Vo_ehKiHs

To Learn More: https://mailchi.mp/07aa3321648b/policyloanrescue

Still think that term policy your client doesn’t need anymore is worthless? THINK AGAIN! We recently worked with a 75-year old client who owned a $1.5M term policy. The policy was approaching the end of the guarantee period, the client did not want to pay to convert, and planned to let the policy lapse. We explored a life settlement option and the client was able to sell the policy for $232,000, instead of letting it lapse and walking away with nothing.

Agent's need to educate their client's about these opportunities, as too many are missed. Contact us if you'd like to learn more.

Read CEO, Ron Sussman's latest article published on InsuranceNewsNet.com website: https://insurancenewsnet.com/innarticle/commentary-have-we-created-a-national-shadow-retirement-system

Congresses change from C-CPI to CPI-U for indexing inflation could lead to a reduction in the daily per diem limits for your client's LTC or Chronic Illness Rider. Help your client's plan accordingly for the unexpected reduction and make sure they understand the impact it will have whether they own an indemnity or reimbursement style rider. Click the image below for more info

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Beginning late January 2018 John Hancock will notify LTC policyholders (including those from the block acquired from Fortis) that their premiums are increasing. The effective date will begin with policies with anniversaries on or after May 1, 2018.

Implementation is state specific and continues increases that, for some policy holders, began in 2012.

Please contact our office for more details.

For policy holders that are healthy, consider switching to newer linked benefit products with premium guarantees such as the Secure Lifetime GUL from American General.

Recently two carriers, North American and Protective Life, Announced decreased cap rates for their newly issued and in-force blocks of IUL products. This repricing of options reduces the index cap rate, and the maximum illustrated rate for index segments that are initiated or renew in 2018.

Indexed Universal Life cap and participation rates are determined by the carrier's options budget and the cost of options as determined by the options provider. These rates can be counterintuitive in a rising equities market where interest rates continue to moderate to the low side or fall.

We may be seeing the tip of the iceberg. Protective and North American are two conservative companies that tend to t...

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If you've ever asked your investment advisor for data on mutual funds or ETF's you know that there is a plethora of information available from a large number of sources. The source of the original purchase is irrelevant because the data is required by SEC and FINRA and is available through a simple internet search.

You can research any fund, manager, or investment company and easily find the performance and cost structure. This makes investing easy and accessible for any purchaser.

Now, try the same thing with your permanent life insurance policy. It is virtually impossible. Not only is there no repository of data, but the issuers go out their way to make sure you do not receive the informati...

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Stay tuned as we continue to add new features and tools. www.cpicompanies.com

Life insurance policies need to change to meet the needs of new generations of purchasers. The idea that the benefits of a policy are only for the purchasers beneficiaries is outdated and in desperate need of a makeover.

American General has the only solution: Secure Lifetime GUL 3 is life insurance for the living.

This product provides three opportunities for clients to benefit while they are alive:

1. Opt Out. After year 25 clients can elect to terminate the policy and receive a full refund of all premiums paid.

2. Use the death benefit to pay for LTC or chronic illness. Indemnity based benefit. No need to provide receipts. Pay for home care by a family member or use for any other purpose.

3. ...

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Securities and Investment Advisory Services offered through The Leaders Group, Inc. Securities Dealer, Member FINRA/SIPC; TLG Advisors, Inc. Registered Investment Advisor; 26 W Dry Creek Circle, Suite 800, Littleton CO 80120, (303) 797-9080. CPI Companies is not affiliated with The Leaders Group, Inc.