Jerome Bitun

I know I just sent you a newsletter a few days ago. I apologize if I’m sending you another one so soon but I believe this is too important not to share. In the last two years, the life insurance industry has been completely turned on its head. With record low interest rates and changes in international accounting standards, insurance companies are being forced to change the way they do business. Let me give you some background. Ever since the financial crisis of 2008, the government has been lowering interest rates to help keep the economy going. While lower interest rates are good for borrowers, it can be devastating to savers and investors who need higher interest rates to earn their income. This has been the case for financial companies like insurance companies. Insurance companies earn their income from several sources. Premiums and investment return from their reserves. Premiums alone are not sufficient to provide earnings for the insurance companies, premiums are a

I saw this video recently about critical illness insurance and how it helped one family.

We all like to be remembered in one way or another. Sometimes we want to be remembered by our community, sometimes by our industry. Sometimes we wish that even just our family would remember us. How would you like to be remembered by your grandchildren forever? Before I give you an idea how, let me prove a point. Get a piece of paper and draw four lines on the top half and draw eight lines on the bottom half. On the four lines on top, write down the name of your grandparents, first name and last name, on your mother’s side and your father’s side. Most likely, only half of you would remember the full name of your grandparents. Now, on the eight lines at the bottom, write down the first name and last name of your eight great-grandparents. Rarely do we meet someone who can write the full name of their great grandparents. Interesting isn’t it? So how come John D. Rockefeller’s great-great-great-great-great-great-great-grandkids can remember his first and last name and you don