Unlike commission-based agents, fee-only insurance advisors have no financial incentive to convince you to do something. We don't sell insurance products. We help people make informed decisions about insurance, and our clients pay us to give them a complete picture of their options. We have no incentive to downplay risks or to avoid discussing a better alternative.
Almost every decision that you make affects the agent's commission, so how can you be sure that you are getting unbiased advice that is not tainted by the agent's conflict of interest? For example, some insurance policies don't pay a commission. Some policies let the agent decide what the commission will be; if the agent gets more, you get less. Some policies have a design that makes it foolish to pay more than the minimum premium in the first year.
Fee-only insurance advisors work with your other financial advisors, including your agent, to help you make decisions that are right for you.
Almost every decision that you make affects the agent's commission, so how can you be sure that you are getting unbiased advice that is not tainted by the agent's conflict of interest? For example, some insurance policies don't pay a commission. Some policies let the agent decide what the commission will be; if the agent gets more, you get less. Some policies have a design that makes it foolish to pay more than the minimum premium in the first year.
Fee-only insurance advisors work with your other financial advisors, including your agent, to help you make decisions that are right for you.
Services
Glenn S. Daily is one of the few fee-only life insurance advisors in the U.S.
He provides consulting services to individuals, businesses, trustees and other professionals.
Compensation is strictly on a fee basis.
No commissions or other payments are received from agents or insurance companies for clients' purchases.
Mr. Daily is the author of The Individual Investor's Guide to Low-Load Insurance Products (1990), Life Insurance Sense and Nonsense (1992), the life insurance and annuity chapters in The Encyclopedia of Investments, and many articles in the AAII Journal, the Journal of Financial Planning, NAPFA Advisor and other publications.
He provides consulting services to individuals, businesses, trustees and other professionals.
Compensation is strictly on a fee basis.
No commissions or other payments are received from agents or insurance companies for clients' purchases.
Mr. Daily is the author of The Individual Investor's Guide to Low-Load Insurance Products (1990), Life Insurance Sense and Nonsense (1992), the life insurance and annuity chapters in The Encyclopedia of Investments, and many articles in the AAII Journal, the Journal of Financial Planning, NAPFA Advisor and other publications.
Are you concerned about the high cost of long-term care services?
Insurance companies offer many funding solutions: long-term care insurance, linked-benefit life insurance policies, life insurance with long-term care riders, annuities with long-term care benefits.
Are any of these right for you?
I can help you understand their strengths and weaknesses to reach a decision.
I use quantitative tools from actuarial science and economics, but I also understand that this decision is about more than just numbers.
Insurance companies offer many funding solutions: long-term care insurance, linked-benefit life insurance policies, life insurance with long-term care riders, annuities with long-term care benefits.
Are any of these right for you?
I can help you understand their strengths and weaknesses to reach a decision.
I use quantitative tools from actuarial science and economics, but I also understand that this decision is about more than just numbers.
For no-lapse universal life, create your own premium schedule that takes advantage of the design of the no-lapse guarantee.
More information: No-waste UL: No-lapse UL Optimized.
Use ESPlanner to estimate your current and future life insurance needs for survivor protection.
More information: How Much Life Insurance Do You Need?.
Before you buy an investment-oriented insurance product, try to weigh the benefits and costs of waiting.
More information: Topics: Real options analysis.
Required breakeven rate of return for buying term and converting to a cash value policy later vs. buying a cash value policy now.
More information: No-waste UL: No-lapse UL Optimized.
Use ESPlanner to estimate your current and future life insurance needs for survivor protection.
More information: How Much Life Insurance Do You Need?.
Before you buy an investment-oriented insurance product, try to weigh the benefits and costs of waiting.
More information: Topics: Real options analysis.
Required breakeven rate of return for buying term and converting to a cash value policy later vs. buying a cash value policy now.
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