Why the ISSA™ Makes Financial Sense
The life insurance industry is experiencing constant change. Competition and financial challenges have resulted in many mergers and unexpected outcomes. Some companies have sold their business to other carriers or suddenly exited product lines such as life, disability or long-term care. More recently, we’ve seen companies raise the cost of insurance on some policies which was unheard of in the industry until now.
What’s more, the very affluent are living longer and technology is driving down the cost of administration. The impact of COVID forced many carriers to change outdated systems and processes resulting in rapid improvements to an industry reluctant to change. This is good for the consumer because these changes have created new opportunities to improve old policies and change the way life insurance is priced, underwritten and serviced. We believe no one has a corner on the market of good ideas and a second opinion may save you millions.
In summary, we believe our current economic and tax environment highlights the need for a drastic change in how insurance is sold and serviced. We see this as an opportunity in a vastly underserved market where our business model is a perfect fit.