Posted by What exactly is insurance design service?
Insurance account design service, English called Policy Account Design, abbreviated as PDA.
After choosingInsurance ProductsAfter that, we need professionals to design an insurance account plan to achieve financial goals.
Whole Life Insurance ProductsIt is an empty house, and the second link of the policy account design service is to decorate and design the house to meet the living requirements we need.
We use a comparative metaphor of "buying a house" and "buying insurance" to describe these three links.
| Buying a house 3 steps | buy insurance 3 steps |
| 1. Buy a specific house | 1. Choose a specific life insurance product |
| 2. Purchase interior and exterior design plans/upgrade plans | 2. Insurance financial advisors design policy accounts |
| 3. Construction of the contracted house according to the design plan | 3. The life insurance company implements the design plan |
- Choose and buy basic housing(Choose a suitable life insurance policy product)
- By the architect(Life Insurance Financial Advisor), combined with the characteristics of the house(tools, performance, and other metrics provided within this insurance product), Design interior and exterior design and decoration schemes(Account Design Plan Proposal)
- Finally, the contractor will follow the design and construction plan(The life insurance company executes the design plan)Construction to achieve the purpose of living.
Unlike buying a model home,Buying and investing in US dollar whole life insurance, there is no such thing as "moving in with a bag" and skipping the "decoration design link". The process of policy account design is essential.
Therefore, you need toLife insurance broker,orLife Insurance Financial Advisor, to request the filing of the insurance account design proposal.
When do you need insurance account design services?
Drawn according to the American Life Insurance Guide Network ©️3-step strategy flow chart for applying for insurance” After choosing an insurance product, the insured needs to design a tailor-made insurance plan by professionals according to different personal needs and goals.
This insurance plan design document, also known asinsurance plan, called in EnglishIllustration.
High-quality insurance design solutions that can be effectively managedmarket leverage risk, to achieve the goal of "win-win".
(>>>Related reading: Raiders｜What is the insurance design scheme of whole life insurance?What are the controversies and highlights?)
What are the harms of an unfavorable insurance account design?
Unfavorable insurance accounts often can only achieve "one win".
This design concept will bring different degrees of risk and harm to investors.
TheLifeTank©️ lists 3 major categories of hazards in order of severity from mild to severe.
- too low ROI In the policy evaluation column, TheLifeTank©️ evaluation team pointed out that the design scheme chosen by the policyholder is not conducive to the accumulation of assets.Facing a potential loss of earnings of $186 million.【>>>For specific case studies, please click here】
- lost time cost During an audit of a whole life policy from a New York policyholder,Staff found policyholders lost more than 10 years of time costs.【>>>For specific case studies, please click here】
- Automatically disconnect after many years Commonly seen in the case of losing contact with one's own insurance broker [>>>For specific case studies, please click here】
Smart investors will recognize the advantages of the free market and professional fields, and rationally face the relationship between cost and return. -TheLifeTank©️
Will my insurance account be at risk?
If you want to seek Second Opinion, or think there are hidden dangers in your existing policy account - such as being unable to get in touch with your insurance broker for a long time, not receiving the annual statement of your insurance account for many years, etc., in order to avoid being automatically disconnected after many years , lost premiums and claims benefits, you can contact a life insurance financial advisor who charges for professional services (ed.Note:Not an insurance broker or insurance agent), seeking the following services:
- Insurance Account Audit Service
- Insurance Account Rescue Service
Before seeking such services, it is recommended that you prepare the following three documents:
1. Contract design proposal document when applying for insurance account
2. Formal insurance contract documents
3. Annual insurance account statement for the most recent year.
According to community statistics, life insurance financial advisors with fiduciary duties,The hourly consultation fee will vary based on the specific case and total policy assets, and the price is usually between $150-$350/hour.
Article summary
Through the explanation of the "Insurance 3 Steps" of US dollar type whole life insurance, we help policyholders or investors to answer "what is an insurance account design service PDA", and how it will affect our life insurance assets, how to audit and rescue Existing insurance accounts and a series of problems.
At the same time, the principle of "LBYB – Learn Before You Buy" - "Learn Before You Buy" proposed by the American Life Insurance Guide website ©️, and through the sharing of insurance academies and insurance cases, helps Chinese families around the world to fully understand the dollar asset type. Knowledge of life insurance to get the products and services you really need. (End of full text)
(>>>Recommended reading:Insurance Strategy｜How to take the first step?4 common topics that insurance advisors must discuss)
(>>>Recommended reading:(Picture) What is the annual statement for dollar life insurance?What is the interest calculation of the annual policy income?)
About LifeTank©️ – LBYB
LBYB – Learn Before You Buy, is TheLifeTank.com – American Life Insurance Guide©️A guiding concept for individuals and families to configure financial insurance.In view of the extremely diversified financial instrument attributes of American life insurance and annuity insurance, the application of such products in the field of wealth accumulation and inheritance has surpassed traditional consumer insurance products.The impact of lack of corresponding basic knowledge education and one-sided education can be harmful to your interests after many years.Before applying for an insurance policy, American Life Insurance Guide©️ encourages consumers and investors to learn and understand the basic operating principles and functions of such financial products in advance, and seek professional assistance, so as to obtain solutions that can truly protect their families and wealth.
