| 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. |
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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" 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for selling so-called investor owned life insurance policies, according to InvestmentNews.com The company has also rescinded the policies.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
LIFE INSURANCE
ANNUITIES
DISABILITY
INCENTIVES
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. |
The Underwriter is in! Click here for the NY Office New Exclusive Broker Feature
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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:
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