Avoid the Life Insurance Crisis
“I use my experience, independence, and relationships to enhance a person’s life insurance portfolio with their best interest in mind.” – Henry Montag CFP
Life Insurance can be a great tool in your overall financial or estate plan. However, many individuals (and even financial professionals like CPAs, advisors, and estate planners) are unaware of a looming life crisis resting in individually owned or trust owned life insurance portfolios.
This can be damaging for a number of reasons:
- Policies may be underperforming as 45% are Non -Guaranteed
- As many as 23% of those policies are lapsing prematurely.
- A consumer’s Life Ins portfolio may make up a large portion of assets.
- Life Ins assets allocated to the next generation will not materialize.
Your clients did not INTEND to have their life insurance portfolio disappear.
- Originally illustrated policy premiums were based on higher interest rates that have not been achieved. 15% to a current 3%
- Life Insurance Settlement Association, states “Insureds lose $112 Billion annually in life insurance death benefits due to surrenders.
- 90% of life Insurance policies are managed by the Insured or Grantors’ eldest sibling acting as an ‘amateur trustee’ with no experience nor training
Fill out the form to learn how I can act as your life insurance resource. Complimentary first analysis.
The prevalence of so many contracts among badly informed consumers is “the insurance industry’s dirty, not-so-little secret,”
-Wall Street Journal, August 2015
Henry Montag is an Independent Certified Financial Planner in practice since 1976 with offices in Long Island and New York. He is a principle of The TOLI Center East, which provides independent fee-based performance evaluation for private trustees, family offices, their advisers and institutional trustees. The intent being to analyze the performance of a client’s existing privately owned and or trust-owned life Insurance portfolio, and provide guidance to the trustee so as to maximize current benefits and maintain assets earmarked for the next generation.
He is the co-author of The Life Insurance Policy Crisis:
The Advisors and Trustees Guide to Managing Risks and Avoiding a Client Crisis, a regular speaker and presenter, as well as the author of numerous articles covering taxes, life insurance, and other financial concerns.