tedbernstein

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Should You Convert Your Term Life Insurance Policy? What You Must Know.

Should You Convert Your Term Life Insurance Policy? What You Must Know.

If you are in good health at conversion time, there are much better options to consider first The overwhelming majority of people do not convert their term life insurance to a permanent policy, for many reasons. The most obvious one is that the majority of life insurance buyers are not good candidates for permanent life insurance. But for those people who do want permanent coverage, it typically…

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Why Do People Own Permanent Life Insurance?

Why Do People Own Permanent Life Insurance?

Permanent life insurance, often referred to as whole life insurance, offers much better value for life insurance buyers who can afford higher premiums. Comparing the net cost of permanent life insurance to the net cost of term insurance is the true measure of its superior value. Net cost is the total premiums paid minus total cash value. The longer you own permanent insurance, the better the net…

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What To Expect From A Life Insurance and Annuity Professional?

What To Expect From A Life Insurance and Annuity Professional?

The majority of our new clients have life insurance and annuities when we initially meet them. People often share that they are surprised to learn they are not paying the lowest premiums and they were unaware of all the innovation that occurred since they last bought coverage. The addition of living benefits is one of the biggest changes people want to learn about. By working with a life…

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Why You Should Have An Income Annuity In Your IRA.

Why You Should Have An Income Annuity In Your IRA.

The purpose of an IRA is to create future, guaranteed income in retirement. Investing your IRA assets into an income annuity creates the most guaranteed lifetime income, WITHOUT PRINCIPAL RISK. IRA assets are being transferred from risky equities to guaranteed income annuities, in record numbers. These annuities are contracts that guarantee the principal will never be lost in down markets and…

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Term Life Insurance Risks.

Minimize Term Insurance Risks!

Without knowing the future, it is impossible to “predict” when your need for life insurance coverage goes away, if that ever really happens. Before buying ANY life insurance policy, nothing is more important than the issue of duration. How long do you need and want to be protected? Once you know whether that is for life or some time shorter, the right type of policy starts to become more clear.…

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Don't Let Low Interest Rates Lessen Your Savings Rate.

Don't Let Low Interest Rates Lower Your Savings Rate. Read this to learn about 2.45% that is safe and guaranteed.

Most people are frustrated with record low interest rates on savings accounts, money markets, CDs and Treasury’s? If you have money in any of these, there are better options. Instead of 0%, learn how to get a short term rate of 2.45%, or more.

How will you overcome this low yield crisis?

Why not consider a 200 year old investment vehicle that is guaranteed and often overlooked? In fact,…

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Selling Your Life Insurance Policy - Frequently Asked Questions.

Does Selling Your Life Insurance Policy Make Sense? Frequently Asked Questions.

What is a life insurance policy settlement?Simply put, selling a life insurance policy to a third party is known as a life settlement. In exchange for your policy, you will receive a lump-sum of cash. Or, some people choose another arrangement allowing them to share in a smaller portion of the proceeds at death, without paying further premiums.

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The Consumer Guide To Indexed Universal Life Insurance, IUL.

The Consumer Guide To Indexed Universal Life Insurance, IUL.

Indexed universal life insurance (IUL) is an innovative, low risk type of permanent life insurance that is intended primarily for long term death benefit solutions and for creating meaningful, tax advantaged distributions in retirement. IUL policies are also well suited for life insurance buyers seeking large policies often referred to as jumbo life insurance policies. Many premium finance…

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The Secrets to Succeed.

The Secrets to Succeed can be beneficial in every aspect of our lives.

As an advisor to families, individuals and businesses for many years, I’ve been inspired by these tips, all of which have stood the test of time.

1. Shakespeare wisely declared that “the world’s a stage”. As such, it pays to work from a script. But, like many have done, it is okay to go off script once in a while, and improvise.

It is always good to set goals and create a plan for…

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Term Life Insurance Comparison Tips

Term Life Insurance Comparison Tips

Use These Simple Tips To Compare An Existing Term Life Insurance Policy To A New One With Lower Premiums And Better Coverage.

Determine how many years of coverage remain in your CURRENT policy? For example, if you bought a 20 year term policy in 2015, you now have 15 years remaining because the guaranteed term rate will end in 2035 or 15 years from now. To compare apples and apples, compare a…

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How is the stock market going up even though businesses are closed and unemployment is skyrocketing?

How is the stock market going up even though businesses are closed and unemployment is skyrocketing?

Read Martha Stokes‘ answer to How is it the stock market keeps going up even though half the businesses in America are closed down and unemployment rate is skyrocketing due to coronavirus?

“You have asked an excellent question. Thank you for asking. The Stock Market is in a Bear Market even though the Financial Services Industry would prefer that the average American not know this reality.

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Never Lose Money In The Market Again:

Never Lose Retirement Money In The Market Again:

Everyone dreams about a way to make money during the good times and avoid losing it during the down years. Conservative and aggressive investors alike – nobody wants losses!

Good news! You can take advantage now because it already exists and it is one of the safest financial solutions to ever be created. It’s not an investment so there is no investment risk to protect your retirement assets…

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Protecting Retirement Assets. Try Advice From Financial Consultants.

Financial consultants share these tips as the key to protecting retirement assets:

Insufficient Lifetime Income: The fact is that too many people have insufficient amounts of lifetime income. Financial consultants say the concept of liquidity in retirement is often misunderstood. The need for liquidity is different than when we are working and accumulating assets. The need for guaranteed…

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Is Buying Life Insurance Online Less Expensive or a Better Deal?

Is Buying Life Insurance Online Less Expensive or a Better Deal?

This might come as a big surprise to many people and I am speaking only for life insurance – there is no savings or monetary advantage when buying online, through a web site. Behind every web site selling insurance is a licensed insurance agent or an agency that is being paid commission every time a policy is purchased. Think of it like the wizard behind the curtain in The Wizard of Oz. 

This…

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Best Options Before a Term Policy Expires.

Be prepared when term life insurance policy is ending.

The two most important considerations are your current health and the policy’s conversion option. The best time to deal with the end of a term policy is well before its end, allowing for enough time to consider a plan based on the options available in the contract. This way, you retain control over keeping the coverage or shopping for a new policy.

Long duration, guaranteed term insurance is a…

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New Alternative Creates Customized Payouts of Life Insurance Proceeds to Protect Beneficiaries.

New Alternative Creates Customized Payouts of Life Insurance Proceeds to Protect Beneficiaries.

For the past 200 years, life insurance companies have only offered a lump-sum payout of policy proceeds to beneficiaries. For many, this is not ideal considering these income tax proceeds are squandered in less than 5 years. Ask any life insurance buyer if they intend for the proceeds to be spent in less than 5 years. Life insurance buyers want choices. In fact, a high percentage of life…

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Apply and Buy Life Insurance - One Brief Phone Call and You're Covered Up To $5Million.

Apply and Buy Life Insurance - One Brief Phone Call and You're Covered Up To $5Million. No difference in rates versus traditional underwriting.

Do You Know What Barbara Eden and Elizabeth Montgomery have in common with life insurance today?

As fast as Elizabeth Montgomery can twitch her nose or as fast as Barbara Eden can blink is the time it takes to apply, get approved and put the most competitive permanent or term life insurance policy inforce today. If that sounds too good to be true, it gets better. There is no traditional…