The Mark Perez LV Agency

04/11/2024

"Prudential will reclassify users of e-cigarettes to treat them as smokers and in line with our cigarette smoking guidelines," a company spokesman said. "Smokers typically will have higher-priced policies."

Smokers pay about 50% a year more than va**rs, according to the website Dipsurance, which provides insurance quotes. Those savings for a term life policy could amount to $350 to $800 a year, depending on the health of the applicant.

Prudential's announcement is the latest blow to the e-cigarette industry, which is already reeling from negative publicity, chain stores refusing to sell its products, as well as state regulators taking action against the once-burgeoning business. Earlier this month, the Centers for Disease Control and Prevention (CDC) warned against its use, citing more than 1,000 illnesses related to va**ng and 18 deaths."

Insurance company Prudential will treat users of e-cigarettes like smokers, making their policies more expensive

04/05/2024

"The average person might only associate insurance with “life insurance” without realizing that there are many other aspects of life in which insurance can deliver peace of mind."

Ditching the jargon can help create “aha” moments for prospects.

03/27/2024

"The annuity comes with big tax advantages, because it’s like leaving your money with the government to invest on your behalf, and the government doesn’t pay tax on the investment returns. Of course, they’re effectively investing the money in Treasury bonds, which is why the annual returns are less than 4 percent, and that may seem low, but the rate is competitive with annuities you might buy from financial institutions, says economist Allison Schrager. And the tax-sheltered structure means you’d have about 20 percent more money after 30 years than if you tried to replicate this investing strategy on your own.

Perhaps more importantly than the tax advantages, the annuity provides insurance against yourself. Let’s be honest: If you’re buying lottery tickets, maybe you are not a financial genius. Tying up your money in a stream of 30 large annual installments will help you remain rich AF for the rest of your life, no matter what dumb consumption choices you make this year or next year or seven years from now."

The annuity comes with big tax advantages. Over 30 years that would amount to 20 percent more money in your pocket.

03/27/2024

From 2018...

"At John Hancock, customers can earn discounts in many ways, including taking online nutrition classes, going to the doctor, and, of course, wearing a tracker and meeting predetermined fitness goals. The fitness option is compatible with most major trackers, users can receive a free Fitbit, and the policy has been very popular since it debuted in 2015, says Tingle.

Still, experts worry about privacy and liability. How much information is being shared, and who is responsible for verifying accuracy? If the data shows a health problem — like a heart arrhythmia — who is responsible?"

It could be a win-win, it could cause privacy concerns

03/27/2024

Choose Life.