Recent News

Why Are Rich Retirees So Reluctant To Spend Money?

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There's a time in everyone's life to save. There's also a time when you're supposed to spend. That time is commonly known as retirement.

Millions of Americans aren't doing that, however, which has put the U.S. in a perverse situation. Younger generations aren't saving enough as their income slips further behind previous generations. Older Americans meanwhile sit atop unprecedented piles of assets built through stock market and real estate booms.

Yet these retirees, or at least the affluent ones, aren't spending it. It turns out they're afraid of the unknown.

How To Sell Life Insurance To Millennials

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Millennials are the largest living generation today, controlling $200 billion in annual spending power in the US. Although many are burdened by student loans and underemployment, their buying power will only continue to increase as they inherit businesses, estates and jobs from retiring baby boomers. They are also a “saving generation” and are already planning for their retirements.

DOL Fiduciary Rule and the Proposed Delay

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The U.S. Department of Labor (DOL) is set today, March 17th, to push the proposed delay to the Fiduciary and Conflicts of Interest Rule on the Federal Register. The delay would push the applicability date to June 9, 2017, creating a 60-day delay. This is significantly less than what many industry professionals speculated after President Trump’s memorandum on Feb. 3, 2017. 

What Is Indexed Universal Life (IUL) Insurance?

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Cash-value life insurance (variable, indexed, or fixed) are some of the most complex financial products in the market today. Many different things factor into a properly structured indexed universal life insurance policy. Client health ratings, insurance carrier solvency, cost and fees in the policy, index options, persistency bonuses, loan rates, product features, rider options, term insurance riders, and so much more. As with many other things in life, good things don't come easy.

Important Notice for Monday, February 13, 2017

Submitted by stephanie@cbute... on

The central region of Maine, where our main office is located, is expected to receive a record amount of snowfall beginning Sunday, February 12, 2017 and into the day on Monday, February 13, 2017. Considering the potentially unsafe driving due to the blizzard conditions, our office will have limited call in phone support on Monday, February 13, 2017. We would like our team to stay safe and do not want them on the roads. Our team members will be working from their homes and monitoring their emails as usual so feel free to content them via email for any sales, support and marketing needs.