Stratus Financial Partners

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Frank Campbell
Stratus Financial Partners

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When it comes to life insurance, the word “guarantee” may have different meanings. The first question that should be asked? “Is the guarantee conditional or unconditional?” Here’s why: Problem There’s hardly ever a problem when a policy has unconditional guarantees. “If you pay this premium, we will pay this death benefit to your age 120” is an example of an unconditional guarantee. In almost every problem case we review, everyone assumed the policy did indeed…
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This week’s edition of “What’s Trending in Life Insurance” covers a lawsuit against State Farm, COVID-19, and the current state of the industry. Read below to learn more: DFR reaches $230,000 settlement with State Farm The Vermont Department of Financial Regulation (DFR) recently settled a case with life insurance provider State Farm. The lawsuit, filed as a result of alleged underpayments from State Farm, accused the company of improperly managing their death benefit payout. An…
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This edition of “What’s Trending in Life Insurance” covers three stories regarding the COVID-19 pandemic, and how it’s affecting life insurance as we know it today. How the Pandemic Will Change Our Lives for the Foreseeable Future Our first article comes from the folks over at Live Insurance News. It discusses the psychological effects that COVID-19 has had on our society today, and how it’s changing the way people think about their life insurance policies.…
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“Forbes may earn a commission on sales made from partner links on this page.” It’s there, in fine print a few shades lighter than the paragraph text. I can’t single them out for that – several other national publications do the same.  We as professionals understand that these are often paid fluff pieces. The problem comes as advertising and journalism blend together, leading to confusion when people really just need objective facts.  News sources that…
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In this week’s “What’s Trending in Life Insurance” blog, we found three more articles you may find of interest. Life Insurance Ownership Drops 9% In A Decade, Study Finds Even though individual life insurance policy sales have increased, this article from Insurance News Net looks at the decline of individual ownership over the last ten years. The discrepancy seems to be a result of the drop in employer-paid coverage. This article also notes increasing interest…