PART 3 – We must observe that group disability insurance renewals are unpredictable. Plans are exposed to: Cancellation by Insurer or Plan Sponsor. Susceptibility to a change of Broker of Record. Business adjustments that may result in a group plan because of mergers, acquisitions or business failure. Individual Disability Income is often: Difficult […]
PART 2 – The experience of collecting premiums and investing reserves was probably the beginning of our industry’s inclination to view life insurance companies first as financial institutions and second as insurers. Life companies in general do not respond well to underwriting risk. Understanding this helps us to see how a separate insurance industry, the […]
PART 1 – The disability insurance industry in America is at a crossroads. One road leads to oblivion because many insurers have chosen to exit this business. The other road leads to monopoly because only a few life insurers have chosen to remain in the business. Tragedy for consumers and financial services professionals is the […]
The Oxford Dictionary defines the word “celebrity” as “a famous person, especially in entertainment or sport.” In this age so dominated by the millennial mindset, fame has found its way to persons of many genres that tend to push the boundaries of antiquated interpretations of sport and entertainment commonly found throughout the twentieth century. Our […]
As an insurance agent or broker, you dedicate considerable time, effort and direct hard-dollar expense to pursue the quest of planning for the financial security of your clients. Fundamental to their financial wellbeing is the creation of an income cash flow, under any contingency, adequate to match the outgoing cash flow also known as expenses. […]
Unlike earthquakes or tornadoes, hurricanes are relatively predictable and can be anticipated and tracked by meteorologists and atmospheric experts the world over. Those in their path usually have days to prepare and evacuate. Yet, tropical-born windstorms have proven year after year to be some of the most destructive, dangerous and costly forces of nature on […]
The personal-lines, corporate and employee-benefits insurance industries are chock-full with products and programs with which many of you are very familiar and probably make your living selling on a daily basis. Most non-property and non-casualty insurances fall under the usual categories of life, health, annuities, disability, travel and long-term care. And most brokers and agents […]
Disability insurance is the greatest resource Americans have in protecting personal income against the very real threat of unforeseen and debilitating illnesses and injuries. A relatively small collection of American insurers offers a range of income protection products, providing unique features and benefit schedules dependent upon on a client’s financial planning needs and the current […]
For almost 70 years, the Petersen name has been synonymous with the disability insurance industry. W. Harold Petersen was raised under the financial weight of his own father’s disablement, so in adulthood, Mr. Petersen sought to immerse himself in the early teachings of income protection. He has made it his life’s work, his career to […]
To run a successful business in the United States, the owner of a company must bring-in enough revenue to sustain usual expenses including rent, mortgages, utilities, loans and the payroll of employees, in turn making a profit to cover his or her own personal income and lifestyle needs. And we all know the corporate world […]