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Archive for July, 2013

Understanding Backdating…

July 29th, 2013 No comments

As is often the case, I recently found myself drafting a letter of explanation to a professional advisor explaining something a life insurance agent was attempting to relate. Assuming that the advisor I am working with is likely not the only one in the market with the same lack of understanding, it seems worthwhile to share excerpts of the letter in a generic format. The point of the exercise was to help the advisor make sense of an agent’s recommendation to pull the trigger on a transaction because the insured individual was “changing age” for insurance purposes and the premium was going to increase. Read more…

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