What Makes our Approach to Life Insurance Different?

 

What Makes our Approach to Life Insurance Different?

By: Peter R. Moison JD TEP

President Castle Re Insurance Company, Ltd

 

We listen first

Help design the contract second

 

We use the contract approach

Not the life insurance policy approach

 

We operate using negotiated, transparent and guaranteed costs

Not two sets of fees and costs

 

We want the life insurance contract to succeed

No lapse supported pricing or design

 

The reserve for each contract is dedicated only to that contract

No spill over to any other contract or to the company’s general account

 

The reserve for each contract is independently invested and managed

No canned or off the rack investments

 

Each contract is its own profit center with all upside solely benefitting the contract

No giving the upside of the spread to the insurance company

 

We practice insurance the same way we practiced law

No off the rack allowed

 

The custom life insurance contract (“CLIC”) approach

Designed based on what the client wants and the advisors’ advice and talents

 

Why do we do this?

Because the concept of cash value life insurance has the potential to solve more long term planning issues than any other single planning concept