In this Issue:
Successful underwriting doesn’t happen by accident.
BAD MEDICINE: A Guide to the Real Costs and Consequences of the New Health Care Law
Sigh of Relief for EIA Sellers
A Booming Opportunity
Product Spotlight: : AGLA Quality of Life - Insurance You Don't Have to Die to Use
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Run a Life Quote
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MONEY CLIPS
OUCH: 10 Worst Real Estate Markets in America - 24/7 Wall St.
A FEW TRICKS: 8 Ways to Maximize Gas Mileage - SmartMoney
TOP-EARNING TOWNS: Best Places to Earn Big Bucks - CNNMoney
THE NEXT JETBLUE: CEO Makes Big Bet on New Airline - FORTUNE
DIRE PREDICTION: America's Debt Is Like Cancer - FOX Business News
GOT YA: Top 10 Seized Counterfeit Goods - CNBC
-walletpop.com
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Successful underwriting doesn’t happen by accident.
by Brian Jeffrey Boltz, CLU, Director of Marketing
Here’s how
an agent was able to place a big case utilizing our underwriting
expertise.The agent had a client, age 75, whose husband’s death left her with a
significant inventory of valuable merchandise, a 50-year-old invalid
son, and a massive estate tax problem. The surviving wife, who was
not in the habit of having regular check-ups with doctors, had $1
million which she was willing to invest in life insurance to provide for
the estate taxes and the care of her son.
Based on the information they had, the carrier was only willing to
provide a face amount of $1.2 million....
read entire article
BAD MEDICINE: A Guide to the Real Costs and Consequences of the New Health Care Law
by Michael D. Tanner
Michael Tanner was our featured speaker at last years Masters Academy
On March 21, 2010, in an extraordinary
Sunday night session, the House of Representatives
gave final approval to President
Obama’s long-sought health insurance plan
in a partisan 219–212 vote. The bill had earlier
passed the Senate on Christmas Eve 2009.
Not a single Republican in either chamber voted
for the bill. Four days later, the Senate,
using a parliamentary tactic known as reconciliation
to avoid a Republican filibuster, gave
final approval to a package of changes
designed to “fix” the bill...
read entire article
Sigh of Relief for EIA Sellers
-National Underwriter
For months, regulators from the SEC have sought to extend that agency’s regulatory authority to cover the sale of equity indexed annuities, on the grounds that EIAs derive their value from market movements and as such, are not true insurance products. Looming SEC regulation has put a pall on the EIA industry, but recent negotiations over Rule 151A of H.4173 have all but guaranteed that EIAs will remain regulated by state insurance offices and not by the SEC....
read entire article
A Booming Opportunity
by By Kim O’Brien
Executive Director, CFP, MBA, NAFA
A problem for boomers presents an opportunity for those in the retirement planning business.
One option financial professionals can present to boomers is an annuity solution that uses income riders to meet long term care expenses. Many of today's boomers are recognizing that they may live 20 to 25 years during retirement, and should expect to need some sort of skilled nursing care. An annuity with a Guaranteed Lifetime Withdrawal rider (GLWR) solves their quest for an income they can't outlive. Additionally, there are annuities that will boost the guaranteed lifetime income payment by as much as 50 percent to 100 percent when certain long term care qualifications are met. Once the annuity value is exhausted, the owner can still expect continuing payment from the carrier...
read entire article
AGLA Quality of Life - Insurance You Don't Have to Die to Use
Traditional life insurance is designed to provide security
for your loved ones in the event of your premature
death…but what if you have a serious heart attack,
invasive cancer or a stroke and don’t die? What about
financial help during critical or long-term chronic
illnesses, at retirement or to offset the costs of life’s
other milestones?
Quality of Life…InsuranceSM is Changing The Way
Americans Think About, Purchase And Use Life
Insurance®. It offers you the flexibility to receive benefits
during your lifetime and the potential to access cash
value to provide money to supplement your retirement
or meet other financial goals... more about this product
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