about

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.

 

CPG is pleased to announce that effective immediately, we now represent, as a General Agency, SBLI of Massachusetts

 

INCREASE YOUR COMMISSIONS BY 30-40% SELL ROP TERM INSURANCE

(e-mail us for sales ideas)

                                     

Term Insurance

$50,000 to $400,000 simplified underwriting. NO BLOOD, NO URINE, NO EXAM.

Issued Standard Nontobacco & Standard Tobacco.

 

 

Limited Time Offer

Free Field Guide to Medical Underwriting

E-Mail CPG at geri@cpgllc.com

 

 

NY State Insurance Department rules on "SOLI"
Stranger Owned Life Insurance (SOLI) is arguably one of the most controversial developments in the history of life insurance.  On January 11,2007, the Office of General Counsel issued an opinion letter on a SOLI transaction that should have far-reaching implications because it represents the position of the New York State Insurance Department. If you want copies of the opinion letter and other material that should convince you to stay away from SOLI, call us.

STOLI PROMOTERS ON THE RUN

Eleven states from Maine to Hawaii have now enacted legislation to protect senior citizens from fraudulent use of life insurance that promotes wagering on human life and potentially exposes seniors to unexpected taxes and legal liability. The state bills are based on model laws developed separately by the National Association of Insurance Commissioners (NAIC) and the National Conference of Insurance Legislators (NCOIL).

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for selling so-called investor owned life insurance policies, according to InvestmentNews.com The company has also rescinded the policies.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've engaged 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:  July 16, 2008

                                          

WEBCASTS AND CONFERENCE CALLS

 

  •       ING Monthly Marketing Call
    Tuesday, July 22nd at 1:00pm Central
    Explore the 2001 CSO compliance mandate and how it affects your life business.  Carriers must have all of their life products based upon the new tables by January 1, 2009.  Tune in to learn how this will impact product features and pricing.
    Webcast URL: https://www107.livemeeting.com/cc/ing/
    Meeting ID: ZCBK8H
    Entry Code: 1234
    Dial-In: 888-283-7149

    Participant code: 2442883

 

 

LIFE INSURANCE

 

  •       Genworth: TLC Interest Rate Increase & Winflex Enhancements
    Two important changes have taken effect on Genworth’s Total Living Coverage.  The current crediting interest rate has increased, and Winflex software has been upgraded.  Click here for complete details.

 

  •       MET: New Life Insurance Application State Availability Update
    MetLife’s Short.Smart.Simple life insurance application is now available in Hawaii and New Jersey.  Click here for a complete listing by state.  

 

  •       United of Omaha: Term Life Express 15, 20, 30 Approved in MT
    On July 18th, United of Omaha’s Term Life Express will be available in Montana.  Click here for details and transition rules.

 

  •       United of Omaha: New Whole Life Express Application Booklets Approved in IL
    United of Omaha’s new Whole Life Express application booklets are now available in Illinois.  LC6455_IL can now be ordered through your normal ordering channels.  Applications for any of the old Priority Whole Life products that are dated on or after August 8th will not be accepted.  Please destroy any old materials and begin using the new materials by August 8th.

 

  •       WV Adopts NAIC Life Insurance Illustration Regulation
    Effective August 1st, West Virginia will require that a policy illustration be presented to a prospect/client when making a life insurance presentation that includes non-guaranteed elements; such as non-guaranteed interest rates and non-guaranteed values.  The illustration must be signed by the applicant and submitted with the application.  A copy must be left with the applicant.  The policy will not be issued without a signed illustration.

 

 

ANNUITIES

 

  •       AVIVA: Updated Replacement Forms
    Effective August 14th, AVIVA will require updated replacement forms in certain states.  Click here for complete details and affected states.

 

  •       AVIVA: Income Edge Plus Approved in PA
    AVIVA’s Income Edge Plus is now available in Pennsylvania.  Click here for complete details about this product.

 

  •       ING USA: Updated Suitability & Needs Analysis Forms
    ING USA has implemented a suitability review process for all fixed annuities to review applications for suitability based on each client’s unique financial status and goals.  To enhance this process, agents are required to complete and submit the updated Suitability Profile on all sales.  Also, to assist in collecting information relevant to the suitability evaluation, the Needs Analysis Form has also been updated.  The Needs Analysis Form does not need to be submitted, but must be kept in the client’s file.  For all applicants age 65 and older, agents must also compile the financial inventory information on the Needs Analysis Form.  ING USA may request this form in a heightened suitability review situation.  

 

 

DISABILITY

 

  •       Mutual of Omaha: DI Choice Application Booklet for FL, IN, IL, NC, TN, UT & VT
    Updated application booklets for Mutual of Omaha’s DI Choice are now available for Florida, Indiana, Illinois, North Carolina, Tennessee, Utah and Vermont.  The new application numbers, by state, are as follows:
    Florida MC33645_FL_0708
    Illinois  MC33645_IL_0708
    Indiana MC33645_IN_0708
    North Carolina MC33645_NC_0708
    Tennessee MC33645_TN_0708
    Utah MC33645_UT_0708
    Vermont MC33645_VT_0708

 

 

INCENTIVES

 

  •       Win a Long Weekend at the Ritz-Carlton in San Francisco
    TMA wants to send you and a guest to the fabulous Ritz-Carlton for a luxurious long weekend in San Francisco. Want to go?  Just build your West Coast Life business through TMA between November 1, 2007 and October 31, 2008.  Click here for qualification details; including an additional opportunity to win. 

 

OTHER NEWS

New regulations for EOLI

Under new IRC section 101(j), death benefits to an employer in Employer-Owned Life Insurance contracts will generally be income taxable to the employer; to the extent the proceeds exceed the premium cost. The employer must meet certain requirements in order to maintain the income-tax free status of the policy proceeds. Once such requirements are met, the employee must be given written notice and must provide written consent prior to issue of the policy.

 

New law may tax death benefit of EOLI

A new law in the Pension Protection Act may lead to taxation of the death benefit of Employer-Owned Life Insurance. This new law will affect all 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. Ask us for a sample of the forms necessary in order to avoid this problem.

 

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 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.




































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Click here for our Mission Statement

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CPG Provides:

  • A multiple company approach
  • Access to a broad spectrum of excellent products
  • Technical expertise in estate planning, deferred compensation and business insurance markets
  • Specialized marketing programs such as IRA alternatives, Personal Pension Plans, and simplified issue exchange
  • A term spreadsheet program saving you time and effort
  • Application forms on demand
  • Financial data on 500 life insurance companies
  • Superior skill and success in impaired risk underwriting
  • A competent experienced supportive administrative staff, allowing you to concentrate on sales
  • The latest in computer software and hardware support
  • Members of Diversified Marketing Group and The Marketing Alliance, national organizations of affiliated agencies representing many other life insurance carriers
  • High commissions
  • An interactive web-site
Helping Brokers Succeed in the Insurance Marketplace

There is no better insurance source for brokers than Comprehensive Planning-Goodman, LLC. With each of our principals having at least 30 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:

National Association of Independent Life Brokerage Agencies
The Marketing Alliance, Inc.
Diversified Marketing Group, Inc.

The National Association of Insurance and Financial Advisors
The National Association of Health Underwriters
New York City Association of Insurance and Financial Advisors
Nassau County Association of Insurance and Financial Advisors
Gold Coast Association of Health Underwriters


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