Sales Practices

#258 | Allianz Showcase & The Future of Illustrations

When AG 49-A was solidified over the summer, there were rumblings in the industry about rogue premium financing vendors and distribution firms planning to create their own spreadsheets to run illustrations that would not have to conform to the new…

#250 | McGinnis vs. Everyone

Two weeks ago, Life Annuity Specialist, a news publication for life insurers, ran an article about a lawsuit filed in Texas (here) by a consumer against his agent, the agent’s brokerage firm and the life insurer. My ears always perk…

#241 | The Premium Financing Exit Mirage

Indexed UL has undoubtedly ushered in a new era of hyper-aggressive premium financing deals and the reasons why aren’t hard to figure out. Indexed UL allows for illustrated rates based on hypothetical historical lookbacks and the maximum rate is the…

#206 | A Practitioner’s Guide to Picking Product

Since the inception of our industry, we have been bedeviled by the question of whether or not life insurance is a commodity. It is a question core to what we do and why we exist. If life insurance is a…

#201 | An Exchange Epidemic

There’s a famous (but apocryphal) exchange between the famous bank robber Willie Sutton and a reporter. When asked why he robs banks, Willie replied with: “because that’s where the money is.” The same could be said for why people exchange…

James Christie | Policy Reviews – A Process to Follow

In my time in the life insurance marketplace I have seen thousands of policy reviews. It continues to be one of the most fruitful options available to producers looking to do what is right for their clients while also running…

James Christie | Be Aware or Beware Part II

In my previous article titled “Be Aware of Beware – Part 1” we discussed the importance of truly understanding the underlying defaults setup in a carrier’s illustration system.  We explored the “Minimum Non-MEC” solve and uncovered how at times it…

#185 | There is No Such Thing as a “Sophisticated” Life Insurance Client

At least twice a week, someone tells me about or sends me a proposal that incorporates some combination of financial leverage, tax leverage, arbitrage assumptions and reliance on illustrated performance in order for the strategy to work. Without exception, every…

James Christie | The Art of the Cover Letter

Having a well thought out cover letter can have a drastic impact on the outcomes of the underwriting process. In the decade I spent at one of the largest life insurers, I had the opportunity to hear our underwriters speak…

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