Happy Holidays from THEInsuranceAdvisor.COM.
As a gift from us, add the Policy Pricing Calculator (PPC) to your website...for FREE.
*Due to routine maintenance, some of the links from the previous e-newsletter were not working properly. Our apologies for any inconvenience you may have experienced.
Simply click here to add the PPC anywhere on your web site and give your clients and/or centers of influence a tool to help determine on their own whether they are paying too much for life insurance. This can be a terrific business development tool in that when prospects/advisors find out they are paying too much for life insurance, where do you think they will turn for help?
The PPC calculates premiums based on industry benchmarks average cost of insurance charges (COIs), fixed administration expenses (FAEs), cash-value-based "wrap fees" (e.g., M&Es) and premium loads and reveals such underlying policy pricing components. Click here to try the Policy Pricing Calculator for yourself.
In many cases, the premium being paid for life insurance is not what is being charged. Despite a confusing variety of products and terms, insurance pricing is always based on three components:
- Claims paid for death benefits, or Cost of Insurance (COI)
- Expenses associated with policy design and administration (E)
- Investment earnings (i%)
In other words, premiums are always based on this formula:
Premiums = COI + E - i%
For a more detailed explanation about the Policy Pricing Calculator, click here.
So, click here to add a private-labeled version of the PPC to your website to provide your clients with this easy-to-use tool that will help determine if they are paying too much for their life insurance and drive new business to your firm in 2009.
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NO-RISK TRIAL
Sign up for our NO-Risk Trial Subscription entitles you to unlimited Confidential Policy Evaluator (CPE) Reports at the subscriber rate of $125 each (a 75% discount off the $500 per report fee for non-subscribers) or less if you are a member of one of our Enterprise Licensees.
Either way, ONLY subscribers have access to all TIA Portfolio Management Tools and your satisfaction is guaranteed. If you are not completely satisfied after running just three (3) CPE Reports during the initial 90-day Trial Period, simply return all CPE Reports and other TIA Work Product, and TIA will refund all subscription and report fees.
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