Managing the cost of life insurance plans

By Steve Savant

Managing the cost of insurance is the moving part of mitigating the expenses in life insurance income plans. Selecting the right insured by gender, health category, life expectancy and the contract maturity date are all important considerations of the cost of insurance. And when you consider using surrogate insureds with the immediate or extended family insurance justification becomes paramount in the approval process with carriers.

Today on the Business Insurance Zone, national insurance columnist Steve Savant and co-host Eric Palmer discuss the mortality mechanics of the cost of insurance and the insurance justification to select the best insured for the cheapest cost of insurance which can translate into the greatest return during retirement.