“Not My Family!” Strategies To Avoid Wealth Destruction

1 year ago Ted Bernstein 0
The objectives of successful wealth transfer planning and inheritance planning are both financial and succession oriented. Too often, all the planning attention is placed only on the financial aspects. This can lead to unintended consequences for family and business relationships. Most people passing on wealth do so with an expectation that their generosity will be Read More

Department of Labor Fiduciary Rule is DOA

2 years ago Ted Bernstein 0
Today, the President delayed the Department of Labor’s Fiduciary Rule that was set to take effect in April. I have been advocating for either a repeal or a delay for many months. The rule was hastily written and poorly written during the Obama administration. The DOL fiduciary rule attempted to legislate the definition of working Read More

Chinese buy Genworth – What Does It Mean?

2 years ago Ted Bernstein 0
Genworth Deal: No Relief for Agents, Policyholders The Long Term Care Insurance market is difficult for insurance companies to accurately forecast. Therefore, we urge our clients to buy long term care coverage with guarantees. There are many new products  that, most importantly, combine life insurance and long term care. As a result, for people who need Read More

Easing the Transition of Your Business – Life Cycle Planning

3 years ago Ted Bernstein 0
When a family owned and operated business successfully transitions from one generation to the next, it is a work of art. At the risk of using one of the more overused euphemisms of the day, it truly takes a village. Each time I have the benefit of witnessing successful execution, I am struck by how Read More

Insurance Industry Must Do Better.

3 years ago Ted Bernstein 0
Advertising & Marketing 101 If you stop to think about it, when was the last time you saw a life insurance company target an event like the NCAA tournament, the Super Bowl or the Masters (each is their target audience) with ads about the virtues of buying annuities, or life insurance, or any of their Read More

Does Your Retirement Plan Provide You With Enough Guaranteed Lifetime Income?

3 years ago Ted Bernstein 0
With interest rates at historic lows and people living longer, guaranteed lifetime income is critical to a secure retirement plan.  I recently wrote an article about Longevity Risk in a column I write for the Boca Raton Tribune about Life Cycle Financial Planning. It is just as relevant today. “A lack of awareness and understanding about guaranteed income Read More

Life Insurance Without Commission Means Better Value.

3 years ago Ted Bernstein 0
“Bernstein…has introduced what are essentially no-load and low-load policies to the life insurance business…That could mean huge savings for policy buyers.” Forbes “Low-load Life Performs Better For Clients, Companies” National Underwriter people-to-watch-fortune Thirty years ago, I created, designed and introduced permanent life insurance policies without built-in commissions to the U.S. life insurance market. The concept quickly became known by several different names such as “no-load life insurance”, “life insurance without built-in... Read More