Step 1: Risk Safety Study
DID YOUR LIFE INSURANCE COMPANY DIE BEFORE YOU DID...AND
THEY FORGOT TO TELL
really sad that insurance
companies are dying before their policyholders. In fact six
(6) large firms were chosen to be eligible for TARP
funds a few years ago. Have they bit the dust? No, of course
not. Thinks got better for most of them. So, like always, just the smaller companies have gone down so far.
But, the infection of toxic assets is just starting to be revealed
in life insurance carrier balance sheets. It is getting
the attention of rating firms and regulators, make no mistake about
it. Some of these companies could be D.O.A. and yet nobody
knows it. Chances are high that you may very well have a life
with one of the six that was singled out after the financial crash of 2008! Most large carriers have taken steps to reduce costs to help shore up their finances. Yet, it would be wise and forward thinking on your part to request our free report on your current carrier(s) regarding their safety rating, future outlook, etc. We will do that for you in our free risk study.
make no mistake.
Company size does matter and the bigger companies tend to be the oldest companies who have weathered many financial storms. Lloyd's of London recently withdrew ALL of their money from European banks. So, the storm that is coming to America, blowing in from Europe will be a test like no other.
Some large companies will survive and some will not. Staying with the wrong life insurance carrier(s) could cost your loved ones a great
inconvenience at the least. At the most -- it could become a great financial catastrophe!
You see, many ignore warning signs during times of trouble and then are too late to react.
If a bad carrier bites the dust in your state, chances are high they could drain your state guarantee fund
the first few weeks or months! If it is a LARGE company that dies -- it could just be days before your state guarantee fund claim is put on hold. That means you, or even your survivors will have to
wait a long time to ever see your policy values returned, if ever!
let your policy die before you do. There are only two types of
policyholders when a company gets in financial trouble. The
first is a "former" policyholder and you can be that kind by simply
reading the content of this information website and then deciding if
our free study of your current policies would be a good idea. (It really is free!)
second kind are all those policyholders who don't heed the warnings,
don't compare plans and companies -- and stay with the ship as it lists and then sinks under water! You can stay ahead
of what is now happening in the Life Insurance business. Rates are down, guarantees are UP, and safety does matter more then ever. By
investing a few minutes to prepare our SIMPLE WORKSHEET for each policy -- and submitting it to us by fax or email.
When we get your policy information,
we will review your current policy plan or plans for many things, including finding "cash" you may not be aware of that you have access to. But, in this first step, we first will access the safety of your carrier(s), something more important than pricing. If you have the cheapest coverage in the world right now - and the company dies before you do - WHAT GOOD DOES THAT DO FOR YOU?
Hopefully, the point is made that safety is first and foremost, more important now then just pricing alone.
FIND OUT HOW LIFE INSURANCE CARRIERS HAVE BECOME ELIGIBLE FOR TARP FUNDS
Be sure to hit the "back" button to get back here!
Check Here To See If Your Carrier made the original Government TARP (Eligible for Emergency Funds) LIST in 2009
Be sure to hit the "back" button to get back here!
Step 2: Rate Check
WOULD YOU PAY FOR TEENAGE
DRIVER RATES ON YOUR AUTO INSURANCE...EVEN IF YOUR KIDS MOVED OUT 5
would you allow your current life insurance to bill you for life
insurance costs based on rates that went out the door over 5 years
found your casualty agent still charging those "teenager" driver
rates on your auto insurance, you would cry fowl and demand a
refund! (unless you are a rare person who likes being overcharged)
unless you have re-issued your current personal life insurance you
own and pay for on your own -- the odds are almost 100% that you are
paying for mortality rates that are based on obsolete government
the Commissioners Standard Ordinary Mortality Table -- you most
likely have one or more policies with CSO 1980 (was abandoned
just a few years ago) and was based on mortality rates in 1975. Or,
you could have one or more policies under CSO 1954 (was based on
death rates in early 50's) Or, you could have one or more policies
under CSO 1941, which was based on death rates in the 30's and
before penicillin was first prescribed starting in 1942.
you are a senior citizen, you could even have a policy or two with a
Mortality Table dating
all the way back to the time that Abe Lincoln was still alive.
If you bought a policy (or your parents bought a policy on you),
dated before 1945 or so, the odds are high that the policy(ies) have
the first mortality table! (American Experience Table) And,
if you think it is a good
policy...we have some ocean side property we would like to sell
you here in Arizona!
If your local Wal-Mart charged you 30% more for the same item
someone bought ahead of you - you would complain. Well, your
current life company most likely is doing that on every single
payment you keep making... if you haven't checked our Re-Issue
WANT TO DO SOMETHING ABOUT THAT!
Point: A Re-issue solves the problem!
3: Review Now!
INSPECT WHAT YOU EXPECT --
insurance is meant to be stable and to reward the beneficiary when
the time comes to pay a claim. But, NOW is the time to inspect
what you expect out of your life insurance company, policy or
found your company on the "list", some of the best laid plans may
now go astray if you are trusting in some kind of magical insurance
genie to keep you from getting restricted benefits, higher risks due
to lower insurance company ratings then when you bought the plan. Even
if your carrier stays away from TARP funds and can stay alive --
think about how restrictive guaranteed interest crediting or
mortality charges could lower projected values and affect your
retirement income or other benefits you were counting on. A
company having financial trouble is going to turn conservative on
what they give you. And, coming from an agent's point of view
-- that is not a good thing for you, the policyholder.
knew the rock would get a "hairline" crack?
Point: Better to be safe than sorry.
your company is fine, but your policy has an outdated mortality
table (meaning you are being overcharged unless your health has
worsened), you need to review other plans now available to you from
other strong carriers. Keep reading to get a free confidential
review service at no cost or obligation.
Point: Over 95% of Americans are still insurable and eligible
for a re-issued plan which will save money on premium costs.
Step 4: Re-Issue Reasons
SOMETIMES, CASH IS KING. LEARN HOW TO GET YOUR MONEY BACK!
are many reasons to Re-Issue a life insurance or annuity contract.
We have already mentioned two reasons in the first three steps.
Obviously, carrier safety and getting the best rates are important.
But, there is another reason too!
people just need to get their hands on the cash value from past
permanent type plans. They still need the coverage, but can no
longer afford the premiums! Or, they need the coverage but
also need to retrieve any cash value built up on permanent plans
because their economic situation has changed for the worse since the
policy or policies were taken out. And some just don't need
the coverage and want to end the premiums, the coverage, and if
permanent insurance, retrieve the cash values.
scenario could apply both to individual and company life insurance
policies. Sometimes you "got to do what you got to do".
For years, our firm has always promoted permanent insurance as
the policy of choice and converted a lot of term insurance to
permanent Universal Life type policies for our clients.
are not normal times and cash is "king" again. Being able to
switch back from permanent to term life insurance is possible for
most insured policyholders regardless of your age as long as you are age 60 or
less. After that, it gets a little hard to replace permanent
life insurance with an affordable term policy for any length of
time. (20 year level term is a good way to go for most insureds).
And of course, it is harder to qualify health wise (at least at
standard rates) each year you get older after around age 45.
Re-Issue options abound for you if you are within these age
guidelines. The best way to discover what is
available is let us to a free study on your current life insurance
portfolio. You will find full details on how to submit your
contracts to us on our contact page.
Step 5: Rewards Await You
DON'T YOUR LOVED ONES
DESERVE A REWARD THEY CAN COUNT ON?
Like lady liberty serving as our
countries symbol of freedom, let this website be the beacon to
spread the truth of what is now going on in the Life Insurance
industry. Portfolio asset deterioration has caused
"cancers" to grow in their investments backing up your guarantees!
What could be coming
next could make the mortgage mess
look like a minor dress rehearsal for the full blunt of insurance
company failures now predicted to be at our doorstep.
looking more like when...not just if.
you still deserve the same reward for retirement income you
previously planned on, or a nice tax free death benefit for your
loved ones or business partners in case you die. But, to get
what you deserve and are paying for right now, you may need to
follow the 3 steps mentioned in this information site.
RECAP OF THE 5 STEPS
Check the risk level of your current carrier or carriers by
checking their current ratings.
LIFE COMPANY RATINGS
they are relatively strong and not on the list eligible for or
currently taking TARP
funding. If they are on the list, check ratings and look for drops
in ratings and current outlook for the future. Also, if it is a
stock company, think about what happened to
shareholders of Chrysler stock. This will help you get your
bearings on what could happen in the Life Insurance Company industry
next. (Remember - no one thought that would happen to
Chrysler stockholders -- but it did!)
Check your policy
and find the mortality table. Look for terms such as "standard
ordinary table" or "CSO". If you don't find that your guaranteed
rates (these are the "come hell or high water" highest rates they
can charge you for mortality costs) are the newest "CSO 2001"
rates, then this step will move you to step 3.
Step Three Whatever you find, you
need to review your options once you have reviewed your risk levels
and rates you are currently being charged for your life insurance.
For some, a 30% reduction in rates can be obtained by simply going
through the re-issue process. And, if you found your company
at risk -- that alone is a high motivation to re-issue your life
insurance NOW, into a STRONG carrier that is not in trouble.
We have plenty of name brand replacement companies for you.
Step Four Re-issue reasons come down to
reducing premium costs for some on a budget (or wanting to be on a
budget). For others, more serious "survival" tactics are necessary
to find cash in company owned or personally owned permanent life
insurance policies. Buying term to replace permanent coverage
policies is last resort - but for some, that is what they need to do
survive and still protect their loved ones.
Step Five Reward await. Lower rates, cash
in your hand (we figure the tax status of course before making this
move), safer company ratings, more flexibility in benefits, updated
coverages not offered in older policies you own -- all these
are potential benefits of our policy "review" and then "re-issue"
SUMMARY: If you take the 5 simple steps, and find you
already have achieved step 5 (reward), well, you don't need to do anything
more. Your company is safe and your rates are up to date and
modern under the government CSO 2001 mortality table. Your
policy options are modern with the times. Congratulations, you are a savvy insurance consumer!
IT MAY BE
TIME TO RE - ISSUE YOUR LIFE INSURANCE!
READ ABOUT THOSE THAT SHOULD HAVE RE-ISSUED
THEIR LIFE POLICY
Tell Me How
to Re-issue Now!
This Site is Sponsored by:
M.D. Anderson, Insurance Broker, AZCLDP, Accountant