Recent assignments
- Life settlement: Policy retained
- Life settlement: Better offer
- Review of existing no-lapse universal life policy
- Review of existing whole life policy with a loan
- Discussion of pros and cons of "pension max"
- Review of existing universal life policy
- Review of new no-lapse universal life policy
- All »
Recent blog posts
- Some Nonprofits Mismanage Their Life Insurance Assets
- The Life Insurance Industry Has Its Own Volkswagen Scandal
- How Prudential Invites You To Be A Fool
- Will Actuarial Guideline 49 Improve Indexed Universal Life?
- What Is the After-tax Rate of Return on a Tax-deferred Investment?
- All »
Recent mentions
- Ben Mattlin, "Mixed Blessings for Annuities" Financial Advisor, May 2016
- Jane Bryant Quinn, How to Make Your Money Last: The Indispensable Retirement Guide, Simon & Schuster, 2016
- Aubrey Cohen, "Life Insurance Agents and Commissions: What You Should Know," NerdWallet 9/9/15
- Eleanor Laise, "Life Settlements Can Be a Big Risk," Kiplinger's Retirement Report, July 2015
- Aubrey Cohen, "Why Life Insurance Experts Love TIAA-CREF," NerdWallet, 6/4/15
- Aubrey Cohen, "Cash Value Life Insurance Is Useful...for Some," NerdWallet, 5/6/15
- "The whole truth about whole life," Consumer Reports Money Adviser, February 2015
- Ron Lieber, "Slippery Tips on Annuities From a Life Coach," The New York Times, 1/17/15
- Ben Mattlin, "Income Quest" Financial Advisor, January 2015
- All »
Recent articles
- Should You Invest in Life Settlement Funds?
- Delaying Social Security benefits: A real options perspective
- Combination products: Are they worth a look?
- Decision Making Under Uncertainty: A (Second) Wakeup Call for the Financial Planning Profession
Recent presentations
- "Planning with Life/LTC Insurance Combo Products," Financial Planning Association - New York, May 15, 2014
- "Challenges in Providing Competent Advice About Annuities," NY NAPFA Study Group, November 20, 2013
- Webinar: "Understanding No-lapse Universal Life Policies," February 7, 2013
- "Opportunities and Pitfalls with Today's Life Insurance Products," AICPA Advanced Personal Financial Planning Conference, Las Vegas, January 21, 2013
- "An Overview of the Life Insurance Marketplace," NAPFA East Conference, Baltimore, November 7, 2012
- All »
The fee-only advantage
Fee-only insurance advisors help people answer questions like these:
- Is my agent recommending a good life insurance policy for me?
- Should I keep this policy that I own?
- Is life insurance a good investment?
- Should I buy an annuity?
Unlike commission-based agents, fee-only insurance advisors have no financial incentive to convince you to do something. We don't sell insurance products. We help people make informed decisions about insurance, and our clients pay us to give them a complete picture of their options. We have no incentive to downplay risks or to avoid discussing a better alternative.
Almost every decision that you make affects the agent's commission, so how can you be sure that you are getting unbiased advice that is not tainted by the agent's conflict of interest?
For example, some insurance policies don't pay a commission. Some policies let the agent decide what the commission will be; if the agent gets more, you get less. Some policies have a design that makes it foolish to pay more than the minimum premium in the first year.
Fee-only insurance advisors work with your other financial advisors, including your agent, to help you make decisions that are right for you.
Copyright © 1998-2016 by Glenn S. Daily. All rights reserved. Legal notices.