| We invite you to take advantage of our expertise to expand your markets. CPG has direct access to the latest products combined with aggressive underwriting and personalized service. Along with a substantial core of insurance carriers, and a diverse product base, our experience and production volume enables us to solve your problems, and grow your business. We welcome the opportunity to do business with you. |
||
DO YOU KNOW WE HAVE.......
Tired of Telling Clients They Don't Qualify? Declined - Postponed - Denied Multi-Life Long Term Care Insurance means "never having to say you are sorry"
SEC RULE 151a DEAD On Monday, July 12 the United States Court of Appeals for the District of Columbia vacated SEC Rule 151a in the case of American Equity v. SEC (No. 09-121). The three judge panel vacated Rule 151a in lieu of granting the petitioners’ request for a rehearing on the matter, citing the SEC’s failure to appropriately “consider the effect of the rule upon efficiency, competition, and capital formation.” Rule 151a will not go into effect and jurisdiction to regulate fixed indexed annuities will continue to remain with the states. The SEC has not indicated if it will pursue the matter further, though it has the option of either appealing the decision to the U.S. Supreme Court or rewriting the rule. It should be noted that the Wall Street Reform and Consumer Protection Act (H.R. 4173) set to be passed by Congress into law this week also contained language that would keep regulation of these products within the states.
Final New York Producer Compensation Disclosure Regulation Published The final New York insurance producer disclosure regulation was published on February 10, 2010, to take effect January 1, 2011. It includes requirements that the AALU believes will decrease life insurance coverage, hurt sales and cost jobs without benefiting consumers - particulary notifying customers they can obtain the anticipated amount of producer compensation from a sale and providing it if requested. The state insurance department will issue guidance on compliance prior to the January 1, 2001 effective date. Click here to view the regulation.
OPTerm and Penn Term Rate Reductions and Retention Up $2 million Term Band is GONE. Rates now super competitive. Improvements to Underwriting Criteria and Certain Impairment Guidelines.
Life Choice UL The #1 UL in the Industry Today Your Whole Life Alternative Guarantee premiums, death benefit and cash values
Boost Your Life Settlement Business "5:15:500" Program for CPG Brokers 5 Minutes to complete a 1 page questionnaire 15 Minutes for tele-underwirting to pre-qualify an insureds LE Face amounts of $500,000 or less only Call us so we can e-mail you the questionnaire 516-364-7171 or 800-377-3776
CPG can now offer you BIG UL, PlanRight and Non-Med term to $350,000 through age 55
The Future Has Arrived! New Life & LTC CASH Combination Policy Agents Call today for a marketing kit and a free training CD.
Term Insurance $50,000 to $350,000 simplified underwriting. NO BLOOD, NO URINE, NO EXAM & NO APS. Issue Ages 18-55 Issued Standard Nontobacco & Standard Tobacco.
Limited Time Offer! Free Updated Field Guide to Medical Underwriting E-Mail CPG at geri@cpgllc.com
The State of STOLI Laws STOLI PROMOTERS ON THE RUN December 2009 - NEW YORK STATE outlaws STOLI October 2009 - California has enacted a bill aimed at regulating life settlements and imposing a state ban on Stranger Owned Life insurance. The new law, S.B 98,prohibits policy owners from entering into a life settlement for 2 years after a policy is issued. Legislation to curb STOLI transactions has now been enacted in 26 states and is pending in 13 others. June 2009 - Washington State passed a life settlement bill that includes an unprecedented provision requiring insurers to provide seniors with fair and reliable information on life settlements as an option after the lapse or surrender of their life insurance policies. The new law also classifies stranger-originated life insurance ( STOLI ) transactions as a fraudulent practice and bans life settlement agreements within two years of the policy being issued.
CARRIERS TAKE ACTION
Lincoln National sues a California physican claiming he misrepresented his circumstances when he applied for $30 million of STOLI insurance. AXA files a suit in federal court in Florida against several insurance brokers and the trustees alleging that they obtained $73 million in fraudulent Stoli policies.
Agents Fired for Selling IOLI New York Life has fired an undisclosed number of "top" agents over the past several months for selling so-called investor owned life insurance policies, according toInvestmentNews.com The company has also rescinded the policies. The move is the latest twist in efforts by insurers and regulators to prevent third parties from using life insurance as an investment wechicle rather than as a way to provide protection to families and businesses.
"If you try to circumvent insurable interest laws, you'll get caught. And if you lie or omit information from an application, then you'veengaged in insurance fraud, which is punishable by jail time." Stephen Leimberg at LIMRA International's Advanced Sales Forum
Weekly E-News from The Marketing Alliance: September 1, 2010
SALES HELP
CARRIER NEWS
LIFE INSURANCE
Guarantee Builder IUL – Offers guaranteed death benefit protection. Rapid Builder IUL – Financial protection and an opportunity for early cash value growth.
ANNUITIES
LONG TERM CARE
APPLICATIONS, FORMS & UNDERWRITING
AGENT INCENTIVES
OTHER NEWS POLICY REVIEW OPPORTUNITY Taxable Life Insurance? A new law in the Pension Protection Act may lead to taxation of the death benefit of Employer-Owned Life Insurance, IRC 101(j). This new law will affect all EOLI policies issued after August 17, 2007 regardless of what the purpose of the life insurance is; key person, split dollar, deferred compensation, as well as employer-owned policies bought to pay debts, etc. Call us for Marketing Review Kit
Union Cental's Guaranteed Standard Issue (GSI) Disability Program - Most executives need more income protection than a group LTD plan provides. An employer sponsored disability plan using Non-Cancellable DI contracts will meet this need. No financial documentation, No detailed medical underwriting and additional premium discounts.
Carriers have improved their Foreign Travel guildlines.If you have people traveling or living abroad call us. Do you have clients that travel to Israel? We can obtain life insurance for them. |
The Underwriter is in! Click here for the NY Office New Exclusive Broker Feature
|
|
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • CPG Provides:
There is no better insurance source for brokers than Comprehensive Planning-Goodman, LLC. With each of our principals having at least 32 years of insurance experience, CPG has the expertise and resources to help you provide your clients with the best solutions to their insurance needs. We represent the leading insurance companies and have direct access to a broad spectrum of diverse products for your clients. And equally as important, we understand how to make your job easier, by providing you with unparalleled personalized service that helps you do your job quicker and more efficiently. With the extensive resources of CPG, you'll be able to concentrate on the things that matter the most for your business: keeping your clients satisfied, increasing your sales and expanding your markets. Working together, we can ensure that your clients' insurance needs are met successfully, and that you continue on the road to success within the insurance industry. We Know the Industry We have financial data on 500 life insurance companies, providing you with the latest information in the industry. And, as members of Diversified Marketing Group, Inc. and The Marketing Alliance, Inc., national organizations of affiliated agencies representing many other life insurance carriers, we are constantly kept up-to-date on important developments and changes within the insurance industry that are passed on to our brokers. Not only do we have decades of experience in insurance sales, but our principals also have extensive pension expertise, as well as technical expertise in estate planning, deferred compensation and business insurance markets. This wealth of industry experience translates to providing you -- and your clients -- with the highest level of knowledge and service. We Know What Brokers Want...And Need At CPG, we have direct access to the latest products that insurance buyers are seeking. And our products are priced competitively, helping you offer your clients the most cost-effective insurance options. In addition, our personalized service and superior skill and success in impaired risk underwriting provides our brokers with an additional advantage in meeting the needs of their clients. We also understand how important Long-Term Care Insurance is becoming for many of your clients. CPG offers a broad spectrum of long-term care benefits at Skilled, Intermediate and Custodial levels, and can help you offer your clients the right program for each individual case. We are proud members of the following professional associations:
|
||
