Blog

New “About Protective” Video for Consumers

By Feed | Insurance Designers of America
For times when consumers want to know more about Protective Life, the company created  a brief video overview to introduce consumers to Protective.
The post New “About Protective” Video for Consumers appeared first on Insurance Designers of America.
Read more
In case you missed it, clients now only have to wait 90 calendar days before LTC benefits are payable — and every day counts, whether the client receives qualified long-term care services on that day or not. View their updated consumer guide to learn more.
The post Updated LTC Consumer Materials from John Hancock — Reflect Elimination Period Update appeared first on Insurance Designers of America.
Read more

January 22nd is ‘National Celebration of Life Day’

By Feed | Insurance Designers of America
This National day honors the children and grandchildren that make life so special. Legal & General America asks, “What better way to honor them than to ensure more people understand the importance of protecting their family with life insurance?” Check out their flyer here!
The post January 22nd is ‘National Celebration of Life Day’ appeared first on Insurance Designers of America.
Read more

Helping Clients Determine Their Right Retirement Timeline

By Feed | Insurance Designers of America
There are several key retirement ages that clients may want to keep in mind as they plan for retirement. Columbus Life provided this flyer to help clients talk with their advisors about the right retirement timeline.
The post Helping Clients Determine Their Right Retirement Timeline appeared first on Insurance Designers of America.
Read more

Symetra’s Administrative Office Address Has Changed

By Feed | Insurance Designers of America
Effective immediately, Symetra has updated our administrative mailing address to best utilize their resources and ensure efficient processing of new business.  Please click HERE for details.
The post Symetra’s Administrative Office Address Has Changed appeared first on Insurance Designers of America.
Read more

Blog Post from North American: Sticking to Financial Resolutions

By Feed | Insurance Designers of America
Keeping resolutions can be a lot harder than making them. Check out this blog post with new financial goals for 2021.
The post Blog Post from North American: Sticking to Financial Resolutions appeared first on Insurance Designers of America.
Read more

SBLI has expanded their premium payment options!

By Feed | Insurance Designers of America
In response to ongoing customer feedback, SBLI is expanding their premium payment options. Customers will continue to have the option to pay their initial premium by credit card at no cost.  In addition, they will now be able to pay their additional premiums by credit card.  Find more details here.
The post SBLI has expanded their premium payment options! appeared first on Insurance Designers of America.
Read more

Legal & General America Has A Great Story to Tell!

By Feed | Insurance Designers of America
Many people are surprised to learn we’ve been protecting American’s for over 70 years or that we’re leveraging the expertise of a top ten global insurer and backed by a financial powerhouse. We’ve put it all on one page.
The post Legal & General America Has A Great Story to Tell! appeared first on Insurance Designers of America.
Read more

Small and Mid-sized Business Resources from Principal

By Feed | Insurance Designers of America
As businesses navigate these times, seeing and hearing what their peers are doing can be valuable. Business Voices, from Principal, provides articles, videos, and podcasts for business owners. Here are a couple of examples of what you’ll find: Podcast—How small businesses are managing cash flow in a volatile year Video—How remote working inspired this New […]
The post Small and Mid-sized Business Resources from Principal appeared first on Insurance Designers of America.
Read more
The Nationwide Retirement Institute has developed a series of podcast to clarify complex planning issues.  This one discusses planning for health care expenses, in and out of retirement, as well as what financial professionals can do to help broach this conversation with clients across generations.
The post ‘Clarifying the Complex’ Podcast: Healthcare Costs in Retirement 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.