Colva was started to provide actuarial and insurance related expertise to clients who are looking to maximize the benefits they receive for their life insurance policy while minimizing the premiums they have to pay for it.
Our goals are three-fold:
Offer Superior Insurance Servicing
Life insurance policies are designed and developed by actuaries with years of financial and insurance training. The lack of such training can make it difficult for the average policyholder to understand how to get the most value out of the policy. Colva was founded on strong actuarial principles acquired through years of experience designing and assessing the value of policies for both insurance companies and institutional investors.
Build a Business Based on Honesty, Transparency, and Customer Satisfaction
Agencies and brokers that sell life insurance policies are compensated by the size of the policy they sell–not by the value the policyholder receives. This often results in policyholders acquiring a life insurance policy that doesn’t best meet their needs and that they eventually end up cancelling. At Colva we help policyholders select policies that create the most value for their needs while also fully disclosing all commissions, expenses, economic, and actuarial risks. Colva would much rather have a potential policyholder walk away from purchasing an expensive life insurance policy because of these risks than to cancel it years later because they didn’t fully understand them.
Provide Educational Opportunities for Local San Diego Students
Having been founded by a former teacher turned life insurance actuary, Colva strongly believes that having the right education and knowledge can help individuals make better decisions whether the choice involved pertains to life insurance explicitly or any other area in life. In order to promote this concept, Colva is actively donating 50% of all gross commissions it receives from the sale of life insurance policies it sells to local San Diego schools through Colva’s Educate Our Youth Program. By providing our children with a better foundation with which to stand on today, Colva hopes to provide a better future for all of us to reach tomorrow.
In order to succeed and continue to support its policyholders and communities, Colva needs your community support:
If you believe in the principles Colva is striving to achieve, please look through our website and mention the excellent services and community commitment Colva provides to your friends, family, and other institutional investors.
If you know of a local San Diego school that would like to partner with Colva, contact us at email@example.com to learn how you can add your school to the list of recipients of Colva’s Educate Our Youth Program.
Finally, if you are currently looking to purchase an insurance policy, or have a portfolio of life insurance policies, and would like to maximize the value of your life insurance investment by having an actuary show you how to minimize your premium payments, please contact us at firstname.lastname@example.org.
Agencies generally receive anywhere between 50% and 100% of the first year premium that a policyholder pays as a commission. However, greater than 50% of these policies are cancelled within 15 years (http://www.soa.org/files/pdf/research-2004-2005-ind-life-per-report.pdf).