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POLICY ASSESSMENT

Wed, 11 Nov 2020 19:32:02 GMT

YOU CAN COUNT ON CHANGE

Change happens every day.

Business start-ups become industry leaders. Markets rise and fall. Children grow up and have children of their own. Bigger houses, smaller houses. Tuition. Retirement. Vacation homes.

A lot can change in your life after you buy a life insurance policy.

Has your policy kept up with the changes?

Unlike other investment or protection products, permanent life insurance is rarely reviewed or updated. Declines in interest rates, changing insurance costs, and market conditions can significantly affect life insurance, yet the impact of these changes is seldom explored or understood. These and other factors can cause increases in the cost of insurance, or even worse, cause coverage to expire during the lifetime of the insured.

Policies that underperform or prematurely expire(or both) are not rare in today's climate. They are why the Policy Assessment Program was created.

WHAT IS A POLICY ASSESSMENT & How does it work? CLICK HERE for informational brochure:

What is Disability Insurance?

Fri, 16 Oct 2020 22:23:15 GMT

Individual Disability Insurance

Individual disability insurance protects you by providing monthly benefits if a serious illness or injury prevents you from working and earning your usual income.

Your ability to earn a living is your most important asset and one of the best ways to protect it is with disability insurance. Disability insurance provides you with a percentage of your income if an illness or injury prevents you from working and earning a living.

John Hancock Resources

Thu, 01 Oct 2020 17:18:33 GMT

Current John Hancock Policy holders

John Hancock Insurance Services

Life - Post Issue

PO Box 55979

Boston MA 02205-5979

Customer Service Center PHONE : 800-387-2747

https://sales.johnhancockinsurance.com/financial-professionals/PRD/contact-us.html#group1

What to look for when selecting an insurance agent

Thu, 24 Sep 2020 20:52:40 GMT

Company Agent vs Independent Agent

When its time to accept reality and do what you have know you needed to do for awhile and apply for life insurance, where do you begin. If you type in "life insurance" into a search engine, 1 trillion 270 million search results come up. After reviewing the first couple pages, you see companies like Allstate, Guardian, Geico, Farmers, New York Life, Metlife, and Lincoln. Where to start? Do I call one of these companies directly? Do I call

Term versus Perm

Wed, 26 Aug 2020 01:10:57 GMT

What's the Difference?

Term Insurance vs Permanent Life Insurance

Term insurance , the majority of the time time will be more than sufficient to accomplish a personal or family insurance goal. Since the purpose of purchasing life insurance is to offset a financial risk(loss/replace income, mortgage protection, final expenses) in the event of a premature death, the variety of term insurance products in the market place is vast and product rich. Most of the time, term insurance is the most cost effective way to provide the protection young working families need.

Distinguishing characteristics of Term Insurance:

Affordable
Designed for "short-term" goals (1-30yr)
Level Death Benefit and Level premium that does not change for duration or "term" of coverage
Predictable COI and profitable for insurance companies
Bells and Whistles (return of premium, living benefit riders, term conversion privideges)

Permanent Insurance , is a catch-all phrase incorporating whole life and all types of universal life insurance. The utility of permanent insurance is that you can assure coverage beyond a designated term but more common, is the ability to benefit from the cash value component of the policy. Permanent insurance policies are usually much more expensive than a term insurance policy and are generally most suitable for business owners that are seeking alternative, tax-advantaged accumulation vehicles.

Metlife and Brighthouse Customer Service Resources

websitebuilder@1and1.de — Mon, 17 Aug 2020 22:21:51 GMT

For so many of my former Metlife customers and current clients that may own a Metlife product, it is not news that Metlife sold their retail operation in North America. There are no longer Metlife agents working for Metlife selling Metlife products to the retail public. The exception is employer group benefits.

Here are some helpful contacts.

Metlife Customer Service General

Met Easy

Ph# (877) 638-3279

Metlife Brighthouse

98770638-0411

Sacramento Main Office (formerly Metlife) Mass Mutual Pacific.

Ph# (916) 641-0186

Metlife Annuities

(800) 848-3854

Long Term Care 101

Mon, 17 Aug 2020 22:21:51 GMT

Understanding the need to plan is a good place to start;

Nearly 50 million adults in the US are currently providing personal assistance for family members . State Caregiver Profiles 2017–2020, AARP Research.
70% of adults who are 65 years old will require some level of long-term care throughout the rest of their life, 2018 – U.S. Department of Health and Human Services
85 Years : Average life expectancy in the United States, 2019 – American Association for Long-Term Care Insurance
66% of caregivers are female Caregiver.org
Average caregiver is a 49 year old woman who works outside the home and provides 20 hours per week of unpaid care to her mother. caregiver.org
More than two-thirds of Americans age 85 or older are women AARP Women & Long Term Care Ari Houser
Population demographics and increasing demand for services AARP Public Policy Institute Full Report
Research Report on negative impact on caregivers retirement fund, other health and economic consequences of womens caregiving
$208 billion : Long-term care expenditures in the US, 2015. Morningstar, 2019 edition

Why do people buy Long-Term Care Insurance?

Besides tax breaks and government incentives. People buy long term care insurance because

Provides a Peace of Mind
Assures quality health-care,
Ensures Future Independence,
Reduces burden on family,
Protects assets.

Long-term Care Continuum

Types of care and services that characterize long-term care range from periodic assistance or unskilled care to highly skilled nursing care. Minimal assistance, such as help preparing meals or transportation, then leads to needing additional help with such tasks as taking medicine or transferring, then assisted living community and potentially a long term care facility. The continuum spans various levels of care starting with low intensity services progressing to high intensity, 24 hour care.

Factors to Consider when Building a policy:

Age
Daily Benefit Amount & Period(2, 3, 4, 5yr, Life)
Inflation-simple or compound
Elimination Period
Traditional versus Hybrid-combo products

Resources:

Administration on Aging

Genworth Cost of Care Calculator

Longtermcare.gov