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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…
What is more important in retirement, assets or guaranteed income? More and more retirees want lifetime income and protected principal. Too many people are tired…
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…
A big part of our practice is dedicated to helping women create retirement security. We discuss the challenges facing many single women face planning for…
How To Save Your Retirement?
“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.
Learn how to use insurance companies to hedge away longevity risk which is quickly becoming the #1 concern facing us in retirement.