Life insurance and annuity products can offer clients great value. Unfortunately many life insurance and annuity agents try to sell clients products that maximize the agent’s commissions at the expense of the client’s best interests. This often means that these policies are not sold or managed in the best financial interests of the policy owner.
The truth of the matter is that most agents get paid 80% to 100% of the first year premium on these permanent policies, but 50% of these policies are cancelled within 10 years–often at a great loss (as a result of high cancellation fees) to the policy owner because the agent sold them a product that didn’t meet their needs.
Many annuities often have the same problem with high commissions and large back-end cancellation fees. Unfortunately most individuals purchase these complex products without having any independent analysis of whether they are getting a good deal or a bad one.
You wouldn’t think of advising your clients to invest hundreds of thousands or millions on a home without having a qualified individual appraise its market value would you? Why would you do so with an annuity or life insurance investment that can carry serious financial consequences?
Colva is a life insurance, annuity, and life settlement actuarial consulting firm that acts as fiduciaries for our clients. What this means is that we use our life insurance and actuarial expertise to explain to our clients how these products work and how to structure them so that our clients get the most value out of them.
Do you want life insurance agents selling you life insurance or annuity products that maximize THEIR commissions?
Or do you want an actuary to help you understand and buy an annuity or life insurance product that maximizes YOUR returns and value received?
Since we’re a fee only consulting company—and do not sell or make commissions on these products—we can offer our clients both unparalleled and unbiased actuarial guidance that best serves their interests. Whether you’re a multi-billion dollar investment group or a just a high net-worth individual, we provide you with the same high level of actuarial analysis.
Our goal here at Colva is to protect this from happening to our clients.
We do this by explaining to our clients exactly how these complicated products work and what the risks and benefits are for them before they end up spending hundreds of thousands or millions on these products.
So the question is, do you want life insurance agents selling you life insurance or annuity products that maximize THEIR commissions? Or do you want an actuary to help you understand and buy an annuity or life insurance product that maximizes YOUR returns and value received?
Contact us now at email@example.com to learn how we can help maximize the value you receive from your life insurance policies, annuities, and life settlement investments.