Time Bombs: Not Just in Investments. Repercussions of the Economic Turbulence on the Insurance Industry
Understanding Issues That Impact the Future of Your Life and P&C Insurance Portfolios
*Webinar
Date: May 7, 2009
Time: 11:00 - 12:30 EST
Click here to register.
While not getting the attention of some financial areas, the insurance industry has been significantly impacted by the ongoing economic turbulence. While widespread carrier downgrades, some failures, and a flurry of M&A activity are expected, most carriers will survive in some form. But the ramifications on policyholders of both P&C and life insurance will be profound...many of the existing life insurance policies may still fail regardless of the carrier's financial health.1
Existing coverage must be re-examined, but the key is getting objective insight and advice. To be objective, it must be transparent in its consideration of advantages, risks, and conflicts of interest that may influence recommendations. "A report by Rand Corp. last year found that 63% of investors think brokers are legally required to act in the best interest of the client; 70% believe that brokers must disclose any conflicts of interest."2 Even though many brokers claim to represent the client's best interest, they are under no obligation to disclose conflicts of interest, more cost-effective alternatives, commissions, etc.
It's time to protect your life insurance portfolio! THEInsuranceAdvisor.COM provides transparency when examining existing coverage through its objective, rules-based Confidential Policy Evaluator (CPE) system. Use CPE Research Reports to measure the appropriateness of pricing, the reasonableness of performance expectations for invested assets underlying policy cash values, and overall suitability for your (clients') policies based on the 5 factors of suitability.
Join Pelagos, along with many other subscribers! Sign-up now to take advantage of the 90-day NO-Risk trial subscription and see how your existing policy measures up. It is an easy-to-use tool that can help with your financial decisions.
*Speakers: Michael J. Brink, CLU, AEP, Principal of Pelagos Advisors, LLC and James P. Kane, CIC, President of HUB International Personal Insurance, Ltd.
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1 Michael J. Brink, Pelagos Advisors, LLC
2 "The Fight Over Who Will Guard Your Nest Egg", Wall Street Journal: March 29, 2009; http://online.wsj.com/article/SB123819596242261401.html
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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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