Independent Life Insurance Needs Analysis

Life insurance is one of the most important but least understood financial products. After the death of a loved one, it can offer enormous financial comfort to your beneficiaries. However, many Americans don’t have enough because of how it has been sold (high pressure) and the buying process (which can be cumbersome).

There are two types: term and permanent

Job one is matching your needs with the right plan

Job two is choosing the insurance company and designing the policy

Plan design is essential if you need permanent coverage as there are more types of programs: whole life, universal life, and variable life, and policy design can have an impact on your costs and coverage

Read More: Life Insurance Fact Finder (PDF)

Partial List of Insurance Companies Work With

  • Prudential
  • Jackson National
  • AXA
  • MassMutual
  • Pacific Life

FAQ

I am an Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a $44B RIA based in Fairfield, IA. I am also registered with Cambridge Investment Research, Inc., an independent broker-dealer with over 3,000 registered representatives nationwide.

Cambridge Investment Research is an independent broker-dealer for financial professionals dedicated to offering objective investment advice to clients. Investment advisory services are offered through Cambridge Investment Advisors, Inc., a federally registered investment advisor.

Cambridge is fully devoted to four core values: integrity, commitment, flexibility, and kindness. And proud that independent financial professionals who are dedicated to those values choose Cambridge.

Most clients pay fee-only or an hourly rate. The size and complexity of the client's wealth management and financial and retirement planning determine that fee.

Some clients pay a commission, mainly those with smaller accounts, i.e., Roth IRAs, some public-school teachers with 403b retirement accounts, or parents or grandparents who set up a 529 college savings plan.

Read More: Fee-Only or Commission What's Best for You?

The first introductory and fact-finding appointment can be in-person or by phone. The next meeting where I provide my recommendations should be in-person. (For the time being, telephone, Zoom, and email are replacing in-person meetings.)

Subsequent meetings during which we monitor your progress and investments can be done in-person or by phone, email, Zoom, or Skype - or, more likely, a combination of these meeting types.

Contact Tim

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