Step 1: Risk Study

DID YOUR LIFE INSURANCE COMPANY DIE BEFORE YOU DID...AND THEY FORGOT  TO TELL YOU?

It is really sad that major insurance companies are dying before their policyholders.  In fact six (6) large firms have already been named to become eligible for TARP funds this year.  Have they bit the dust?  No, of course not. The infection of toxic assets is just starting to be revealed in life insurance carrier balance sheets.  But, 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 insurance policy with one of the six!  Now, these firms haven't officially declared themselves dead, as they are now either taking, ready to take, or have thus far rejected government life support (TARP Government Funds).  To stay alive, some may have to before this is all over! 

But, make no mistake.  Any company taking TARP funds is almost dead, if not dead financially! At the least, staying with them  could cost your loved ones a great inconvenience. At the most -- a great financial catastrophe!  You see, many ignore warning signs and are too late to react.  If a bad carrier bites the dust in your state, chances are high that if they are not alone, they could drain your state guarantee fund the first month! That means you, or even your survivors will have to wait a long time to ever see your policy values returned.

Don't 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 your current plans have a problem, or not.

The second kind are all those policyholders who don't heed the warnings, don't compare plans and companies -- and stayed! You can stay ahead of what is now happening in the Life Insurance business by investigating your own company. 

Next, we will discuss your current policy plan or plans and see if you are getting a good price -- or a stiff penalty in pricing because you haven't compared lately.

Check Here To See If Your Carrier is eligible for Life Resuscitation -- a.k.a. TARP Emergency Government Funds

The Point: If your company is eligible for TARP funds -- shouldn't you investigate whether it makes sense to stay with them?

Step 2: Rate Check

WOULD YOU PAY FOR TEENAGE DRIVER RATES ON YOUR AUTO INSURANCE...EVEN IF YOUR KIDS MOVED OUT 5 YEARS AGO?

Then why 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 ago?

If you 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)

And, 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 mortality tables. 

Known as 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.

And, if 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!

The Point: 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 rates!

...YOU MAY WANT TO DO SOMETHING ABOUT THAT!

The Point:  A Re-issue solves the problem!

 Step 3: Review Now!

INSPECT WHAT YOU EXPECT -- NOW!!!

Life 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 agent. 

If you 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.

Who knew the rock would get a "hairline" crack?

The Point:  Better to be safe than sorry.

Or, if 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.

Another 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!

There 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! 

Some 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.

This 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.

But, these are not normal times and cash is "king" again.  Being able to switch back from permanent to term life insurance is possible for most insureds 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, harder to qualify health wise.

So, Re-Issue options about for you. 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.  It's looking more like when...not just if.

Whatever comes, 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.

A RECAP OF THE 5 STEPS

1.  Step One  Check the risk level of your current carrier or carriers by checking their current ratings. 

LIFE COMPANY RATINGS

Be sure 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!)

2.  Step Two   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. 

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.

4.  Step Four  Re-issue reasons...

Under construction. Check Back Soon!

5.  Step Five  Reward...

Under construction. Check Back Soon!

SUMMARY:  If you take the 5 simple steps, you will find you already have achieved step 5 (reward) and 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.  Congratulations, you are a savvy insurance consumer!

FOR EVERYONE ELSE?

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!