[Promo] Universal Life Insurance Policy Crisis

[Tony Guggino]

Asset protector

	
	

Tony Guggino, CLU, ChFC
tguggino at cpseainsurance.com
212-472-2140

Connect with me on Linked in
http://www.linkedin.com/in/angugg/

Universal Life Insurance Policy Crisis

A popular insurance product of the 1980s and 1990s has come back to bite 
many older Americans.

Universal life was a sensation when it premiered, and for some years it 
worked as advertised. It included both insurance and a savings account 
that earns income to help pay future costs and keep the premium the same.
That was when interest rates were in the high single digits or above. 
Today, rates are completing a decade at historically low levels, 
crimping the savings accounts. Meanwhile, the aging of the earliest 
customers into their 70s, 80s and even 90s has driven the yearly cost of 
insuring their lives much higher.

This is a topic I have informed prospects and advisors about for many 
years.This was the motivator that created my"Forensic Life Insurance 
Analysis" Service.

My intent, was to raise the awareness of the public and financial 
advisors, of the pitfalls of this early type of Universal Life Insurance 
policy.

click here: 
<https://www.wsj.com/articles/universal-life-insurance-a-1980s-sensation-has-backfired-1537368656> 
for a Wall Street Journal article on the topic.

There are some possible solutions other than having to pay a much larger 
premium.
A tax-free exchange of the cash values, that are left in a Universal 
Life policy, to a new more cost effective policy, in many cases can 
alleviate the problem.

This solution depends on: cash values that are left; age; and health.

I offer a complementary & comprehensive service, that includes a 
Forensic Analysis of inforce Universal Life polices, and recommendations 
for replacing the policy with a new one, that is financially sound.

I have access to over 50 insurances companies, which allows me to search 
and compare which policies would work best for a specific client.

Please call or write to discuss the process and to initiate an analysis.

As usual, please feel free to contact with any questions regarding 
personal insurance, estate & retirement planning.



Tony Guggino, CLU, ChFC
212-472-2140
tgugino at cpseainsurance.com
CPS| 330 E.71st Street, Suite 1k, NY, NY 10021



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