Blog

Most Recent Blog Posts

Help Your Clients Avoid New Taxes

By Mike McNelley on March 11th, 2013

ACA tax provision may make whole life insurance, or rather all insurance products including universal life policies, more attractive...

There may be a boon in the Patient Protection and Affordable Care Act (PPACA) for the life insurance industry due to complexities for taxpayers under a new investment tax within it.

Whole life insurance policies --in fact, all insurance products including universal life policies, that provide for a tax free build up of cash surrender values --could become very attractive to investors, while annuities will likely be used more extensively under a tax mechanism in the health care reform law, according to the Congressional testimony of a tax academic today in Congress and a post-publication later clarification to NU that expanded the advantaged products beyond just whole life products.

Continue reading at: http://bit.ly/XRgw55

 

 

 

Dislcaimer

The information contained herein is for general information purposes only. Imeriti, Inc. is not to be held responsible for the accuracy of this information. Neither Imeriti, Inc. nor its employees provide tax or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser.

Dislcaimer

The information contained herein is for general information purposes only. Imeriti, Inc. is not to be held responsible for the accuracy of this information. Neither Imeriti, Inc. nor its employees provide tax or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser.

Price (Often) Does Not Matter

By Jacob Stern on November 26th, 2012

 

An interesting article was recently published about Walmart beginning to offer term policies (click here to read this article).  While the price of these term policies is much greater than others for the same amount of coverage, people will buy these policies for a few reasons:

  • People will want coverage and often do not ‘shop’ around for a better price.
  • People will want some coverage, as opposed to no coverage, and Walmart will be offering a solution to these customers.
  • Often times, people do not want to deal with a live person, and they are happier to buy online or through a kiosk.

Therefore, agents should be prepared for this advancement to happen more frequently. Agents can increase their sales with term insurance by doing the following:

Dislcaimer

The information contained herein is for general information purposes only. Imeriti, Inc. is not to be held responsible for the accuracy of this information. Neither Imeriti, Inc. nor its employees provide tax or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser.

Imeriti, Inc. Announces Name Change and Appointments of New Executives

By Katie Magnuson on November 12th, 2012

San Diego, CA – November 12, 2012 - Imeriti, Inc. announced today that the board of directors has approved a resolution, which authorized changing the name of the company to Imeriti Financial Network (IFN) and appointing new executive positions.  Mr. Nathan Zuidema has been appointed President/Chief Operating Officer, Mr. Ed Prewitt has been appointed President of Annuity Distribution and Mr. Brian Schneier has been appointed President of Life Insurance Distribution.  All executive appointments will become effective immediately. 

Mr. Jacob Stern, CEO of Imeriti Financial Network, stated, “I am excited to have executive expertise in place driving IFN’s core distribution channels and operations.  We are prepared to seize every opportunity to stay an industry leader and contribute to shaping future annuity and life insurance distribution.”

About Imeriti Financial Network

Dislcaimer

The information contained herein is for general information purposes only. Imeriti, Inc. is not to be held responsible for the accuracy of this information. Neither Imeriti, Inc. nor its employees provide tax or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser.

Helpful Underwriting Tips: Importance of the Cover Letter

By Vickie Bianculli on October 29th, 2012

Very often, an application gets submitted without one of the most important documents in underwriting: the cover letter.  Applications for term in excess of $2M, and applications for permanent products in excess of $1M, should be accompanied by a detailed cover letter.  For that matter, any application requiring special consideration should have a cover letter.

The cover letter is an excellent way for you to clarify a situation or provide the underwriter with additional information about your client and the need for coverage.  It should “paint the picture” for the underwriter and provide insight to your client not usually found on an application. 

Key pieces of information that should be included in the cover letter are: 

Dislcaimer

The information contained herein is for general information purposes only. Imeriti, Inc. is not to be held responsible for the accuracy of this information. Neither Imeriti, Inc. nor its employees provide tax or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser.

Pages

Read more blog posts
Subscribe to