Blog

Simplifying the Life Insurance Conversation

By Feed | Insurance Designers of America
Global Atlantic has created a 90-second video especially for the consumer. This video aims to help simplify what Indexed Universal Life Insurance is, and whether it could be the right fit for a consumer. Watch!
The post Simplifying the Life Insurance Conversation appeared first on Insurance Designers of America.
Read more

It’s “Wedding Season”

By Feed | Insurance Designers of America
You may have invites on the fridge or a gift to buy for a wedding this summer—it’s wedding season after all. North American has provided the following consumer-friendly blog posts on related topics to help newlyweds. Money questions to ask before marriage How to buy life insurance as a couple 7 money tips for couples
The post It’s “Wedding Season” appeared first on Insurance Designers of America.
Read more

A Strong Partner for You!

By Feed | Insurance Designers of America
Nationwide is a Fortune 100 company with nearly 100 years of innovation. Our stable, diversified portfolio enables us to outgrow competitors, stand firm during stormy periods and explore groundbreaking initiatives that transform the industry. Click here to find out more!
The post A Strong Partner for You! appeared first on Insurance Designers of America.
Read more

Life Insurance is a Long-Term Commitment

By Feed | Insurance Designers of America
Over the past few years, more and more carriers have left the industry or announced they want to divest their term life insurance business. Before you choose a carrier, consider their commitment to the marketplace. Are they in it for the long haul? Life insurance is a long-term commitment. The carrier you choose matters. Why […]
The post Life Insurance is a Long-Term Commitment appeared first on Insurance Designers of America.
Read more

Symetra Allocation Index (AI) Strategies

By Feed | Insurance Designers of America
Symetra is providing an innovative approach to helping their clients achieve level policy performance over the long term with their game-changing Allocation Index (AI) Strategies (PDF).  Available with both the Accumulator and Protector IUL products
The post Symetra Allocation Index (AI) Strategies appeared first on Insurance Designers of America.
Read more
John Hancock Vitality members are rewarded with 400 Vitality Points for sharing proof of their COVID-19 vaccination. A winning strategy — the new “Bronze Guarantee” Learn More
The post John Hancock Vitality Members Can Earn Points for Covid-19 Vaccination appeared first on Insurance Designers of America.
Read more

Announcing New Care Solutions Leadership

By Feed | Insurance Designers of America
At OneAmerica, our Care Solutions business continues to differentiate us in the marketplace and is one of the key ways we drive value for our distribution partners and the customers who depend on us. We are pleased to announce that Jeff Levin will now serve as interim leader of Care Solutions! Click here for more […]
The post Announcing New Care Solutions Leadership appeared first on Insurance Designers of America.
Read more

We Hate to Be the One to Say It…

By Feed | Insurance Designers of America
With the 4th of July now passed and retailers bringing out school supplies, it feels like summer is half over. But back to school season is a great time to share how life insurance can provide needed death benefit protection while gaining a way to help pay for a college education. North American provides consumer-friendly […]
The post We Hate to Be the One to Say It… appeared first on Insurance Designers of America.
Read more

Nationwide Monthly Economic Review: What’s Happening and Why!

By Feed | Insurance Designers of America
Post-pandemic boom continues but held back by supply-chain problems and workforce constraints. Click here for full report!
The post Nationwide Monthly Economic Review: What’s Happening and Why! appeared first on Insurance Designers of America.
Read more

Wealth Transfer Under the Biden Tax Plan

By Feed | Insurance Designers of America
Andy Friedman, of The Washington Update, considers the implications of a repeal of stepped-up basis, changes Congress might make to the gift and estate tax regime, and sets out potential planning strategies for investors to consider to blunt the effects of the new rules. Read the whitepaper provided by Lincoln Financial.
The post Wealth Transfer Under the Biden Tax Plan appeared first on Insurance Designers of America.
Read more

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

temp-post-image

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...

Read more

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...

Read more
temp-post-image

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. ...

Read more

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.