Shepard Insurance Insights
Let patience be your guide for Home Insurance
No one likes to think about the what if’s of a home insurance claim. Whether it’s the damage of a burst water pipe, or the devastation of a fire, you just do not want to go there. Which is why choosing the right home insurance policy is so critical. We at Shepard believe the right [...]
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Suitability-Guaranteed Universal Life #4- Is it a good product choice?
Many people use Term or Temporary Insurance products to meet their life insurance needs. It can be a cost effective way to meet coverage requirements. But term policies, at the end of the coverage period expire, or reset at a new premium, usually at an unacceptable renewal cost. GUL, guaranteed universal life insurance is a [...]
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Hurricane Season Wrap up – What we know
Up north, with the early season cold weather, hurricane season is coming to a close. Florence and Michael were 2 more devastating weather events that thankfully did not land in the tristate area. So what do we really know? What have we learned about hurricanes? I recently read “Inevitable Disaster” by Roy Spenser, PhD, a [...]
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Suitability-Client Advisor Warning #3 – Universal Life
It was 1978 when Universal Life (UL) hit the streets as an option for permanent life insurance. UL was dubbed the consumer version of permanent life insurance because it disclosed the policy expense factor, the mortality cost, and the credited interest rate. With a slow start UL contracts started churning when treasury rates peaked >14% [...]
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Suitability-Guidance Protocol for Client Advisors #2 – Whole Life
The two most significant challenge in determining the right product to meet a life insurance need is “how long”. In advising highly successful insurance buyers on preserving an estate, or an organized asset transfer, the policy type typically used, is a permanent life policy. So as an alternative to Term Insurance policy that runs out, [...]
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Kids back to school? Time to give extra attention to your home.
If your kids are back in school it's a great time to give attention to personal insurance, especially with your home. Whether you consider your exposure issues surrounding extreme weather patterns, or how those storms are affecting property rates, with the kids back in school and fall weather in full swing, it is an ideal [...]
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