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