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Wealthy People Own Permanent Life Insurance?

5 months ago Ted Bernstein 0
High Net Worth (HNW) consumers choose  permanent life insurance for many different reasons: Income Replacement:  It does not matter if your income is $100,000 per year or $1,000,000 per year, the income replacement need is the same. Nor does it matter if you are 35 or 55. If your family depends on your income, life Read More

Jumbo Life Insurance Purchase: What You Need To Know

1 year ago Ted Bernstein 0
Among High Net Worth consumers, there is a deep appreciation for permanent life insurance. You want every advantage if you currently own or may be considering a jumbo life insurance policy. The underwriting class is major factor in the pricing for: jumbo term insurance jumbo whole life policy or permanent life insurance. Getting the best underwriting Read More

“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

Federal Estate Tax Repeal – Bad For Business

2 years ago Ted Bernstein 0
The life insurance industry let us down when it allowed the estate tax rate to settle at 40% and the lifetime credit (exemption) to  rise to $12MM per couple. The impact is still punishing planners of all stripes. It is time for life insurance companies to step up and commit to national advertising and marketing campaigns to promote the virtues of their Read More

Don’t Need or Want Your Existing Life Insurance?

2 years ago Ted Bernstein 0
What Is The Market Value Of Your Existing, Inforce Life Insurance Policy? By now, we have all heard stories about someone that received a significant cash payment for a life insurance policy they thought had no value. If you are 65 or older with a life insurance policy you may not need or want any longer, you Read More

Life Insurance Premium Financing – Know The Risks.

2 years ago Ted Bernstein 0
Is life insurance premium financing right for you? Life insurance premium financing is not free life insurance. By itself, this will eliminate 90% of the prospects. The annual out of pocket cost is more than the cost of cheap term insurance. There goes another 90%, leaving a legitimate population of 2-3% of all prospects who 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

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