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When Does Life Insurance Without Commission Mean Better Value?
“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
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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 commissions” and “fee-based” life insurance. Simple and straight-forward, it was well ahead of its time and perceived to be very disruptive in the distribution system of life insurance. We created life insurance products that eliminated the traditional selling costs that were historically priced into life insurance policies. The first year commissions (often 100%-200%), renewal commissions (totaling another 100%), overrides, expense reimbursements and numerous others were ALL eliminated from the pricing of the products I introduced to the market. The impact can be seen as better performance, lower premiums, immediate cash surrender value and complete transparency.
Federal Estate Tax Repeal – Bad For Business
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…
Term Life Insurance In Danger of Lapsing?
Is your term life insurance lapsing? Do you know when the conversion deadline in your term life insurance policy expires? One of the most critical…
Annuities & Disappearing Surrender Charges
Surrender charges on fee-based variable annuities seem to be retreating faster than the polar ice caps, new filings reveal. “These advisor-sold contracts typically have no…
Articles | Guaranteed Income Solutions | Indexed Annuities | Life Insurance | life insurance without commissions | News | Retirement Planning | Ted Bernstein
Life Insurance Industry Must Do Better Controlling The Important Conversations.
Can you recall any life insurance company campaigns targeting consumers directly about the value and virtues of their core products? Have you ever seen these…
Deborah Bernstein | Estate Planning | Guaranteed Income Solutions | innovation | Life Insurance | life insurance review | Ted Bernstein | Useful Tips & Information
New Alternative Creates Customized Payouts of Life Insurance Proceeds to Protect Beneficiaries.
Lower your annual premiums and protect your beneficiaries with life insurance payments for your beneficiaries that are guaranteed payments over time instead of a lump-sum payment.