Recent assignments
- Review of financial planner's replacement proposal
- Potential sale of existing life insurance policy
- Review of proposed no-lapse universal life purchase
- Term insurance conversion
- Review of existing variable life policy
- All »
Recent blog posts
- A Quick Look Back at 2011
- New York Life Illustration Is Concisely Informative
- ING Inforce Illustration Is Far Better Than Most But Still Lacks Some Important Details
- A Resolution for 20xx: I Will Think Ahead
- Life Insurance Guaranteed Values Are a Big Fat Idiot
- All »
Recent mentions
- Aaron Crowe, "Smokeout: How much life insurance your cigarette money could buy," insurance.com, 11/15/11
- Daisy Maxey, "Volatility Puts Focus on Laddered Annuities," Dow Jones NewsWires, 10/18/11
- Jessica Silver-Greenberg, "Don't Buy Too Much Insurance!" The Wall Street Journal, 10/8/11
- "5 Common Mistakes People Make with Their Money," Reader's Digest, September 2011
- "How to ditch a bad annuity," Consumer Reports Money Adviser, July 2011
- All »
Recent articles
- 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
- "Life Settlements: Understanding the Process, Avoiding the Pitfalls," Advisors4Advisors.com webinar, January 20, 2012
- "Introduction to the life insurance marketplace," Lower-Income Households and the Life Insurance Marketplace, Ford Foundation, New York City, October 27, 2011
- "Understanding Life Insurance and Annuities," New York State Society of CPAs — Nassau CFO Committee," December 9, 2010
- "Reviewing and Understanding Life Insurance," Nassau County Chapter of the Society of Financial Service Professionals, April 21, 2010
- 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 © 1998-2012 by Glenn S. Daily. All rights reserved. Legal notices.