Posted by Vickie Bianculli on Tue, Jun 22, 2010 @ 11:04 AM

Great news for pilots.  Prudential recently relaxed their underwriting criteria for private pilots.  If your client has:

1)  A current valid pilot's certification;

2)  More than 5 years certified piloting experience;

3)  A minimum of 30 hours a year recorded flight time;

4)  Operates fixed wing aircrafts (ie., no helicopters);

5)  And no FAA violations or restrictions,

your client is eligible to qualify for Preferred Best rates!

Student pilots, however, are no longer eligible for Non-Smoker plus rates.  They will be rated Standard Non-Smoker with a minimum $2.50 per thousand flat extra.

Contact us for quotes! 

Posted by Bob Burton on Wed, Jun 16, 2010 @ 04:31 PM

Most people these days are extremely concerned about how to provide the necessary funds for their children’s and grandchildren’s college education.  When 529 Plans burst on the scene a few years ago, they were viewed by many as the “ideal vehicle”.

Unfortunately, for a variety of reasons, including the lack of flexibility and less-than-anticipated stock market performance, 529 Plans have not been the panacea they were expected to be.

Fortunately, there is another exceptionally attractive and exciting solution to this problem, one that can typically provide truly outstanding results.  We’re talking about Indexed Universal Life, carefully designed to maximize the policy’s cash accumulation.  While we prefer Indexed policies to Variable policies because of the lack of downside risk and much less volatility, Variable policies can also be used effectively for this purpose if properly managed.

The policy can be purchased by the young children’s grandparents as a “Gift of Love” to their beloved grandchildren, or by the parents of the young children, or even by other loving relatives.  We usually recommend that the policy be on the life of one of the parents of the children, often the family’s primary breadwinner, or perhaps a policy on each parent, because the funds will then be available whether the parent lives or dies prematurely, but it could also be on each child’s life or even on the grandparents’ lives.

The key to the success of this program is that, while the policy premiums are not tax-deductible, all policy values can be accessed tax-free, during the insured’s lifetime by withdrawals to basis, then loans, or totally by loans, or at death as life insurance proceeds.

Posted by Vickie Bianculli on Mon, Jun 14, 2010 @ 11:08 AM

Effective 7-1-2010, all new producers will be required to complete an Electronic Funds Transfer authorization for direct deposit of all commissions at the time of contracting.  Checks will no longer be issued.  By 1-1-2011, all existing producers and terminated producers will be required to complete the Electronic Funds Transfer authorization.  Checks will no longer be issued for amounts under $2,500.00.

If you need an EFT authorization please contact us. 

Posted by Nickelle Leist on Wed, Jun 2, 2010 @ 04:41 PM

New! From Sun Life Financial

Sun Life is excited to introduce a new current assumption life product on June 1, 2010,  Sun AccumULator.

This product is designed as a high early cash accumulation product for the individual market.

Many of the features and benefits of this product mirror our Sun Executive UL product for the small business market including:

• High target premiums equal to 90% of the 7 pay premium

• Heaped and levelized commission options

• 4 year enhancement benefit, providing approximately 100% cash surrender values for 4 years for heavily funded cases (~80% or more of the target premium on a cumulative basis)1

• Very competitive long-term cash value build-up and retirement income

 Ask Provada to provide you with illustrative values at various ages to demonstrate the competitiveness of the new Sun AccumULator cash values.