The Life Insurance Stimulus Package...
Fact or Fiction
Several large Life Insurance Companies are quietly implementing a “Stimulus Package” designed to help them offset the huge losses they sustained from their (uninformed) investment in "high risk" assets (and you thought only the Big Banks and Brokerage Houses were greedy). You can expect others to follow their lead.
What is unique about these bailouts is they will be “funded” by the current and future policyholders, not the Government. So the policyholders will have compensated the insurance companies for their mismanagement and greed.
Premium rates on new coverage will be increased (the first in 30 + years) and existing policies will experience a “change in actuarial assumptions”. Bottom line – your Clients will have to pay more because the Insurance Companies made poor investment decisions.
PA has developed a program that enables you and your Client to: 1) ascertain the impact these investment losses will have on their existing coverage and 2) evaluate funding alternatives capable of maintaining or reducing future premiums.
The results of the analysis will be presented to you via the internet. Needed corrections will be made and you and I will present the results to the Client.
The study is provided at no cost to your firm or the Client.
The information
contained in this e-mail alert is for the general
education and knowledge of our readers. If you have
questions regarding a client
situation, please contact us directly.
Premium
Advisors, LLC | 120 North LaSalle Street, 38th Floor
| Chicago, IL 60602 | www.pa-llc.com
