A Mind-bending John Hancock Surprise

Michael Burton, CFP®, LHICComparison Tables, Explosive Facts, Fractional Premium APRs

In my most recent post, I published a table of Fractional Premium APRs for every major company in the life insurance industry.  To conduct that research, I used quotes for a $1,000,000, 20 Year Term policy issued to a 45 year old male in excellent health.  In that post I indicated that I had spot-checked other policy sizes and term durations to determine … Read More

A Table of Fractional Premium APRs in the Life Insurance Industry

Michael Burton, CFP®, LHICComparison Tables, Explosive Facts, For Professionals, Fractional Premium APR

Fractional Premium APRs image

All life insurance companies allow their policy holders to choose the frequency of their premium payments.  The most common payment modes include annual, monthly, quarterly, and semi-annual.  When a policy holder elects to pay a fractional premium (anything other than the full annual premium for the coming year of protection), almost all life insurance companies add to the costs of the policy. In … Read More

Fiduciary vs. Suitability: A Standard of Care Comparison Table

Michael Burton, CFP®, LHICComparison Tables, Compensation, Fiduciary Standards

Fiduciary vs. Suitability

The life insurance industry is spending billions of dollars through a fierce political lobby to protect its sales force from being held to the highest standard of professional accountability: the fiduciary standard.  An obvious question is, why?  It’s a more involved question with more complex answers than I will explore in this post. The chief and most disturbing problem I observe … Read More

We couldn’t find it. So we built it.

Michael Burton, CFP®, LHICComparison Tables

TermLifeComparison.com Logo

We just finished the creation of TermLifeComparison.com – a life insurance “quote and compare” engine that offers on-demand pricing for life insurance without forcing the site visitor to “unleash the hounds” of insurance salespeople on himself/herself. TermLifeComparison searches pricing from over 100 insurance companies – that’s six to ten times the dozen or so companies quoted on most life insurance quoting engines on … Read More