I just finished a case that illustrates the advantage of using an insurance brokerage firm representing many companies versus a single company, even a good one such as Northwestern Mutual, State Farm, or USAA. The best offer my normal go-to company would provide this client was Preferred rather than Preferred Best, because she uses anti-anxiety […]
I finished two cases in December that each took over half a year to wrap up. Very unusual. They had other similarities too: minor health issues, over insured by major insurers, with young children yet oblivious to Social Security survivorship benefits, and best of all, their improvements were outstanding. These type of improvements motivate me. […]
This is a common question from clients unsure about what they have and a common recommendation from agents seeking to earn a new commission. Yesterday I talked to a Virginia client considering dropping a Lafayette whole life policy which he had purchased eight years ago when an agent recommended he replace a 20 year old […]
I see many misguided initiatives to drop cash value policies, coming from a guru’s generalization that “all whole life insurance is bad”, or an agent’s effort to make a new sale. Dropping a cash value life insurance policy warrants careful consideration: calculating the real (not nominal) rate of return, comparing alternative investing strategies, assessing the […]
My father, Dewey Cave, (1925-2007) was age five when the Great Depression began and age 16 when Pearl Harbor was bombed. His developmental years were spent working hard in a no nonsense environment (war), and one of his core values was keeping things at peak efficiency and battle ready. His tools were sharp, well-oiled and […]