CALCULATING THOSE HIDDEN COSTS-TAKE ONE

Last week we discussed the costs that keep the life insurance policy afloat. We left the most complicated cost, cost of insurance, or “COI” for this week’s post.Grab a cup of coffee, sit down, and buckle up, because this one is a bit more complicated than the previous posts.Let’s start. The cost of insurance is […]

CHARGES, CHARGES AND MORE CHARGES

Welcome back to LiST’s life insurance blog.  Last week we discussed how the cash value of the policy grows, by paying premiums, and earning, either through interest or investment funds. This week we will delve into the other side of the coin that agents like to discuss less- what are the costs in a policy? […]

IT’S ALL ABOUT THE MONEY-GROWTH IN LIFE INSURANCE POLICIES

Welcome back to LiST’s life insurance blog.  Last week we discussed which basic information appears on the annual statements and got a general understanding how permanent life insurance works. Now that we know what the death benefit is, and that the policy is split into a cash and insurance component, we will dig down into […]

MAKING SENSE OF LIFE INSURANCE

Welcome back to LiST’s life insurance blog.  Last week we gave a brief intro into evaluation of life insurance policies and discussed the documents that you should ask to receive from the life insurance carrier. Today we will start taking a deeper dive into these documents.  Life insurance annual statement—these generally look like this: These […]

Take out a pen and pencil-this is your new shopping list

The components you will need to evaluate life insurance If you are reading this blog, you are probably a financial advisor. You may be starting out and building your practice, or you might still remember opening day in 1957. Either way, your main professional motive is, or should be, “Keep the Customer Satisfied” (meant mainly […]