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7 Important Facts to Consider about Group Life Insurance Policies

July 27, 2016 by Jason Soloman

Many companies across the United States protect their employees with a Group Life Insurance policy. These group policies are usually part of the benefits package and are corporate-sponsored. In many cases, the business contributes significantly to the cost of these insurance policies. Group life insurance plans typically cover everyone in the group (employees) on a guaranteed basis.  When working for a corporation, group life can be a very affordable and viable option for the employees.  Insurance, david castillo dominici freedigitalphotos

Earlier this month, Bank of America announced that during the last quarter, they eliminated 2600 positions. As each former employee leaves the property for the last time, with a box filled with personal supplies, mementos, and pictures; one thing that is probably not in that box will be group life policy. What are the options as people leave corporate and start a new beginning?  

From the Investment Professor and Tactical Investment Advisors LLC, here are seven important facts about group life:  

  • Some group life insurance policies are portable; some are not.
  • Consider group life insurance plans as supplements to individual plans.
  • An employee typically has 31 days or less to convert to an individual plan.
  • Employees should research life insurance plans with an expert, that expert should offer more than one insurance company.
  • Work with a professional, experienced, independent advisor to assess the right path.
  • With professional advice, understand the basics of different types of life insurance offerings that are available.
  • Make the right life insurance decision based on facts and financial background.

Converting Group Life Coverage

Most corporations allow an individual to convert coverage to an individual plan, however conversion fees and premiums are typically higher than an individual policy purchased thourgh an independent insurance agent.

To understand the best direction to go financially, contact the Investment Professor to discuss your best after corporate insurance options.

Group plans do not allow individual customizations. They may not provide adequate coverage amounts needed for the individual. Many employees still purchase a separate policy to fortify the group policy.

It is important to remember that life insurance is an investment in the future. Each policy must be customized to fit the individual’s needs. Most individual policies are managed through an advisor who provides service, reviews, and guidance to the client. For most people, it is this relationship with the expert that makes the biggest difference.

Leaving a corporate position means leaving most benefits behind.  To understand the best direction to go and make a more informed decision about the best insurance plan, contact the Investment Professor to discuss your insurance and investment options.

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For more information about life Insurance choices and your investment options contact:

Jason Soloman, The Investment Professor, Tactical Investment Advisors LLC
Phone: (980) 233-9770
Email: info@investmentprofessor.com
Address: 19825-B North Cove Rd #149, Cornelius, NC 28031

The information in this blog post is not intended as tax, financial, insurance or legal advice. Please consult a licensed professional for specific information regarding each individual situation. This post was developed and produced on a topic that may be of interest to the general public. The opinions expressed, and the material provided are for general information only and should not in any way be considered solicitation.

Photo: David Castillo Dominici, FreeDigitalPhotos  

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8 Important Financial Advantages from the Investment Professor

June 30, 2016 by Jeff

The financial world is a crazy place; full of change, chance and opportunity. How does anybody across thechrisroll fdp country capitalize on the future when there are so many economic variables? As evidenced by the recent Brexit, the United Kingdom is preparing its transition away from the European Union (EU). Economic conditions change, as do financial portfolios and investments. For the average investor across the U.S., it takes a clear understanding of financial planning, life insurance decisions, retirement considerations, investment strategies, financial reviews and more to build success. In 2016, financial investments need to adjust as the financial markets do.

Coast to coast, the Investment Professor offers the following eight advantages for prospective clients:

Free independent review analysis

Accurate and timely investment insights

Retirement income planning

Annuity education

401(k) rollover strategies

Financial planning solutions

Financial advisement

Life insurance information

Over the next few weeks and months, there will indeed be increased market volatility across the country, the Investment Professor can help clients with strategy and education; these are the key variables to financial success. It is important that clients receive the right information and build a success plan, unique to each individual. Each situation is different, unique and distinctive. What is good for one client might not be the best for another. There is always an array of questions that need answers. They could involve investments, financial planning and insurance. The need for the right answers has never been more important. 

Investment Professor helps investors from coast to coast become better clients. People need to make informed decisions about their life savings and they want it handled by an investment strategist; one they know, like and trust. It is all about relationship. Know we are a call away.   

Our goal is a simple one. We help clients grow. It is our guiding principle. We help investors with financial insight, estate planning, investment reviews, and portfolio assessments. And we provide this analysis free of charge! Our hope is that the information helps improve your financial education and helps you make more informed decisions. Maybe you’ll choose the Investment Professor, maybe not. At the very least, we want investors walking away asking more questions and seeking the right answers. Before making a choice about money and finances based on intuition, call Jason Soloman at 980 233 9770 and he will provide you a FREE and CONFIDENTIAL opinion of your portfolio.

The Investment Professor is more than financial advice. We are your partner in success.   

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This blog post from the Investment Professor is meant to be informational in nature only. Before considering the purchase of any investment product, it is important to do due diligence and consult a properly licensed professional. Each investor is different and specific questions relate only to individual circumstances.

We would love to hear from you. Please reach out directly:

Jason Soloman
Phone: (980) 233-9770
Email:
info@investmentprofessor.com
Address: 19825-B North Cove Rd #149, Cornelius, NC 28031  

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Jason Soloman
Phone: (980) 233-9770
Email: info@investmentprofessor.com
Address:
19825-B North Cove Rd
#149
Cornelius, NC 28031

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