Facts About Life Insurance

Why to use a Fee-Only Life Insurance Advisor--and not an agent--to help you find the right life insurance products for your needs.

Reasons to use a Fee-Only Life Insurance Advisor
Banking On It

An investment banker asked a Fee-Only Life Insurance Advisor to evaluate a proposed second-to-die life insurance policy that provided $10 million of insurance with an annual premium of $100,000.  The Fee-Only Life Insurance Advisor asked the banker's life insurance agent for several alternative proposals--including second-to-die term insurance.  But the agent told the advisor second-to-die term insurance wasn't available.

So the Fee-Only Life Insurance Advisor arranged for the placement of $10 million of second-to-die univeral life--funded to provide minimal cash values at the end of each policy year.  Since the client wanted to have ten years of breathing room  in order to assess estate tax reform and determine whether he would need insurance, the Fee-Only Life Insurance Advisor's recommendation reduced his premium costs to an average of less that $4000 annually for the next ten years.  Diligent management of the policy by the advisor kept the policy in force and allowed the investment banker to fund the policy on his--not the insurer's or agent's--schedule.