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
Revitalizing Dying Policies

Dave, the CFO of a large chemical business, retained a Fee-Only Life Insurance Advisor to review several corporate-owned life insurance policies. The advisor found that the policies—which had all been purchased more than twenty years ago—had been grossly neglected: the original premiums (paid when interest rates were above 10%) hadn’t changed. And the advisor confirmed Dave’s suspicion that all the policies would die before the people they insured.

 

The Fee-Only Life Insurance Advisor first determined the necessary premiums to keep the policies in force for the lifetimes of the insured. He also provided Dave with recommendations for alternative insurance with other companies, including both guaranteed and non-guaranteed premium options.

 

Even though some of the insured had become uninsurable, Dave was able to replace enough of the policies to save his company over $1 million in present value.