Take a Break from Laboring over Life Insurance Illustrations

Labor Day is a day of rest to commemorate the many days of hard labor, particularly in the early decades of the Industrial Age before Fair Labor Laws and when hard-labor was really hard-labor.  As such, we can think of no better time with Labor Day again approaching to remind readers to take a break from the hard work still typically involved in determining the suitability of a given life insurance product. 

For instance, many practitioners are still comparing illustrations of hypothetical policy values for some limited number of products as the means of determining product suitability.  This practice is time-consuming (i.e., a prominent bank said it took them 4 hours to compare only a fraction of the total products available), incomplete (i.e., because such comparisons inherently include only a fraction of the total products available, the results are unreliable), and for these reasons is deemed “misleading” and prohibited by the chief regulator for the financial services industry. 

Instead, take a break from the hard labor of calculating and comparing some large number of illustrated hypothetical policy values that produce incomplete and “misleading” results, and give Confidential Policy Evaluator (CPE) a try.  CPE Research Reports are fast (i.e., posted to your workbox in as little as 20 mins¹), complete (i.e., they reveal where a given policy resides on the continuum of most-suitable to least-suitable based on the 5 major factors of suitability relative to the universe of peer-group alternatives), and reliable

(i.e., accepted by leading accounting groups for independent client representation, endorsed by the New York Bankers Association (NYBA), and compliant with regulators).