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Every year millions are needlessly declined for life insurance or approved and paying far more than they need to. For 14 years, I have specialized in turning those situations around and finding the right life insurance solution at affordable rates. I give every client the personal attention they deserve. If you need assistance with your Life Insurance, please call me TOLL FREE at (866) 539-7914 for a free consultation .

3 responses to “Going, Going, Gone!”

  1. Jim Schreppler

    Protective made a bad mistake in the case of your 80 year old client. At 7% they’d gross 4.5 million by her age of 95, 4.85 million by her age of 96. That’s with no commission paid to you and no other costs. The market crash was a great time to buy bonds, which is where most of the premiums after costs go. But still, there’s no way. This isn’t college mathematics. The compounding formula looks more like Algebra II. I think that these companies have been betting too hard on a rise in interest rates like we had in the 70′s and 80′s. That’s the only way they can make out on these no lapse ULs of recent years priced as they are. And even then they need a younger herd of insureds.

  2. Jim Schreppler

    Sorry to be grumpy, especially when I am to benefit. And I’m not much of a New York Life fan. I share your sentiments about NYL. I just want to feel safe about my move to a company that is not such an expensive brand name. And when I see them writing permanent contracts that seem unsafe, or ridiculous in your case of Protective, it makes me feel unsafe as a policyholder. But I only went through high school math. The underwriters and investment divisions might know some things I don’t.
    I enjoy reading your blog.