Recent assignments
- Review of proposed cash value life insurance purchase
- State insurance department action against annuity marketer
- Review of new no-lapse universal life policy
- Review of proposed cash value life insurance purchase
- Review of existing life insurance policies
- All »
Recent blog posts
- Six Hypocrises of the Life Insurance Industry
- What Is Cash Value Life Insurance?
- The Journal of Economic Perspectives Is Now Free Online
- Optimize Your Maximization!
- How Should People Choose a Life Insurance Policy? An Interview With John R. Skar
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Recent mentions
- AnnaMaria Andriotis, "Insuring a College Education," The Wall Street Journal, 4/25/14
- Leslie Scism, "The Great Life-Insurance Temptation," The Wall Street Journal, 4/5/14
- Daniel Solin, "Which is Better For You: Term or Permanent Life Insurance?", U.S. News & World Report, 2/26/14
- Jay MacDonald, "How much life insurance should you buy?", Bankrate.com, 1/27/2014
- Stephanie AuWerter, "When is it worth buying a variable universal life policy?", Money, October 2013
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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 advice that is in your best interests rather than the agent's?
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 © 1998-2014 by Glenn S. Daily. All rights reserved. Legal notices.