You've heard the stories, Insurance company promises safety, you pay, and then they send an army of lawyers to deny your claim - turns out, the devils in the details as one financial planner would go toe to toe with the insurance industry - and win.
We caught with Yasuw Alvarado, who works with estate planning and all it entails.
"In the finance space, prices change regularly, especially with the way things are going in this country. It's essential you have someone experienced with a good eye look at your policies at least once a year to make sure you're not overpaying. This one step has saved many of my clients hundreds of dollars in a few minutes of research" says Yasuw
He recommends taking a look at something named INCONTESTABILITY a Provision.
Another that states "WE CAN DELAY PAYMENT" Provision.
In this case, he shares that the most common loophole insurance companies use is known as Incontestability -- because an everyday person doesn't know this exists, and they were willfully breaking this provision (the law) and continue to get away with it because how do you report a crime you don't realize is a crime?
These days, money is tight, and if there's anything that best describes how a lot of players in finance work is the old saying "if you can't convince em, confuse em"
Glad to see someone's out there simplifying the process for the everyday person
Here's to escaping average
Author: Katriel €. Sarfati
Full article: https://growthhaxx.com/2020/08/26/what-you-need-when-dealing-with-shady-life-insurance-goliaths/ read more