Solving the Replacement Dilemma: A Premium Finance Case Study
The best part of holding an important seat at the table of our clients is to design a solution to a complex problem that helps them sleep better at night. One such case involved a client of ours, age 56, who was referred to us by her wealth adviser who believed in the power of premium finance to improve her current life insurance portfolio. At the time, Linda owned three policies and was seeking a way to reduce her annual premium expense and use those savings to reinvest back into her business. She was also unhappy with the performance of her current policies. See how we helped solve these issues through a customized premium finance strategy by downloading our whitepaper case study.
We invite you to read Michael’s most recent Forbes publication, “Premium Financing to the Rescue for A Disappointed Policyholder.” A decades-long period of falling interest rates has created a challenging environment for most life insurance companies to meet the expectations of their longtime policyholders. Insurers who find they cannot achieve the projected targeted investment returns on these policy blocks are forced to reduce dividend rates, impairing policy performance.
10 Financial Factors To Consider During A Divorce.
Nobody gets married with the intent of one day getting divorced, but unfortunately, it happens all too often. For better or worse, divorce brings with it many challenges, at the very top are the financial ramifications of separating from your loved one. I was recently part of a Forbes panel discussing the essential financial steps one should take to ensure their own financial well-being. Continue reading on Forbes.com.
Time To Consider Premium Financing?
Recently, Vérité Group Principal Michael Seltzer sat down with Life Insurance Strategies Group Jay Judas to discuss his career journey, how Vérité is adapting to the current environment, why Premium Finance is a powerful and important strategy for wealthy families, and the joys of working with his spouse.
We invite you to read Michael's most recent Forbes publication, "Financed Life Insurance: Expanding Low-Interest Environment Possibilities". With external factors shutting down many of our daily habits and altering our professional lives, we naturally seek guidance to navigate the unknown. Information is coming in from all types of sources, and the fluctuating financial markets are a constant reminder that the only certainty is uncertainty. On the brighter side, we are finally given the chance to unsubscribe to unwanted emails from companies who want to let us know they are "here for us."
February 2020 Premium Finance Academy
Last week we held a Premium Finance Academy in both Dallas and Houston. Both events were attended by advisors, COI’S, several Lion Street owners and prospective owners.
Thank you to Lion Street’s Brian Bonifant, Sales VP; Walker Person, VP Business Development; Karla Kirk, Firm Selection; and Nick Bowman, Advanced Sales Case Design, for their continuous support. Thank you to our keynote speaker, Laura McGinty, Senior VP of PinnacleCare Private Health Advisory.
Pinnacle is a personalized membership based resource for coordinating all of your healthcare when faced with a serious or complex medical diagnosis. A special thank you to Symetra, especially Jeff Wright, RVP Southwest Life Sales and Brian Keefe, Internal Wholesaler, for sponsoring the two events as well as hosting cocktails and dinner.
Premium Finance Academy is Coming to the Lone Star State
Vérité is proud to announce that we will be bringing the Premium Finance Academy, sponsored by Symetra, to the Lone Star State! We will be in Dallas February 11th, and in Houston on February 13th. We are looking forward to gathering an exclusive and elite group of producers looking to further their knowledge in the world of premium finance.
We are excited to announce the addition of Matt Levesque to the Vérité Team in the role of Vice President, Premium Finance Case Design. Matt brings a unique perspective and valuable experience and knowledge of products and strategies to Vérité from his time with Symmetra, Wells Fargo and SunLife. Welcome Matt!
Learn more about Matt by clicking the link below.
Forbes Finance Council Member Spotlight: Michael Seltzer
Featured in the Executive Spotlight by Forbes Finance Council, Michael shares several thoughts behind the values and principals that have supported the foundation and pillars of success for Verite Group. He also shares several personal details that you may not be aware of (yet)! Read more about Michael's thoughts on truth and transparency, revenue and reputation, saying no to opportunities, and developing a broader business perspective in this most recent feature.
The concept of premium financed life insurance has gained a significant amount of traction over the past several years. With minimal information available to the general public, many clients express interest, and suddenly there is an influx of advisors who rise to the occasion to fulfill this service. In this Forbes article, Michael outlines several key qualities to look for when searching for the right agent, as well as what to expect from the on-going renewal process for both the loan and the policy. With multiple parties involved in this type of transaction, it is important to understand what questions to ask and how to educate yourself in order to stay informed and reduce the chance of going down a path that leads to financial harm.