{ "media_type": "text", "post_content": "Now I know there are VAs available for RIAs...But is there life insurance products also available?", "post_id": "59cd99e8f4bdbe049a84d234", "reply_count": 3, "vote_count": 3, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors", "feed_type": "crowd" }

Now I know there are VAs available for RIAs...But is there life insurance products also available?

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I will enter into a fee-only engagement with a client. It is better for the client if it is a fee-offset arrangement. But if the client's trust requires a fee-only deal, then I'll do it. I've done it hourly, fixed fee, and one time I did it on a contingency (based on premium savings).B24, depending on the product and its design (and of course, the fully underwritten risk classification), the no-load life insurance products beat the pants off of the commissioned products - especially in the near-to-mid term. If you dial in too much aum fees into the design, the arbitrage begins to erode.Long term illustrations do not indicate as much of a spread . . . and in some cases, they appear to outstrip the no-load products. But hey, you show me an insurance professional who really trusts an illustration from an insurance company . . . and I'll show you a salesman who'd never look at a no load product anyway.The younger the client and the more the product is overfunded (designed for accumulation), the better the no-load products look.If you are looking at a pure protection scenario where the lowest cash flow commitment is desired for a specified amount for a specified duration (i.e. term insurance and NLG UL) . . . the commissioned products are priced better.

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Why bother? Why not have an OBA to run your insurance through? Are you worried about calling yourself Fee Only while still charging a commission on insurance?Unless you have to deal with the CFP Institute and their stance on Fee Only, which would cover insurance.

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Yes, but they suck. Don't even bother.Actually, there are services that market themselves as "RIA Friendly" insurance brokers. But basically, they write the business and take the commissions, and you just do whatever (bill the client, or not).

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