Recent assignments
- 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
- FINRA arbitration about blended whole life policy
- Review of existing universal life policy
- Review of proposed whole life insurance purchase
- All »
Recent blog posts
- 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
- Is the Fechtel Method a Better Way to Evaluate Cash Value Life Insurance Policies?
- How Are Whole Life Dividends Determined?
- All »
Recent mentions
- Stephanie AuWerter, "When is it worth buying a variable universal life policy?", Money, October 2013
- Jay MacDonald, "Do you need a fee-only insurance consultant," Bankrate.com, 3/13/13
- Carolyn T. Geer, "Turning Insurance Into an Investment," The Wall Street Journal, 3/3/13
- Kim Clark, "College Aid: Don't Take the Bait," Money, January/February 2013
- Gil Weinreich, "Warning on VAs to Advisors: Be Afraid. Be Very Afraid," AdvisorOne, 12/10/12
- Ellen E. Schultz, "Insurance Can Cut Your Taxes," The Wall Street Journal, 12/1/12
- 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
- "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
- "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
- 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 © 1998-2013 by Glenn S. Daily. All rights reserved. Legal notices.