Universal Life Insurance:

How Universal Life Insurance Works

1. You decide (up to limits regulated by federal tax law) when and how much premium payment to "pour in." The minimum premium is based on insurance company expenses, premium taxes, and the cost of pure insurance for your policy.
2. As you pay your premium, the insurance company deducts its sales expenses and premium taxes.
3. The remainder of your premium is credited to your cash value account. Each month, the company charges this account for its other expenses and the cost of pure insurance (net amount of risk coverage), or mortality cost.
4. Your cash value earns interest at a rate that fluctuates based on the rates earned by a segregated portfolio within the insurance company's general account. A minimum (guaranteed) interest rate will be stated in your policy.
5. If the company's portfolio earns more than the guaranteed interest rate, the company credits the excess interest to your policy.
6. If your remaining cash value is not sufficient to cover expenses and the cost of pure insurance, and you do not pour in more premium, the policy amount may then have to be reduced, or your policy will lapse. This would be similar to crushing the container at the top.
7. You may take a policy loan in an amount not to exceed the policy's cash surrender value less the annual loan interest. Repayment replenishes your cash value; any loan balance outstanding (plus interest due) at your death is deducted from the policy amount paid to your beneficiary.

Suitability Statement - Documentation that satisfies the NASD rule that requires registered representatives to consider the customer’s financial status, tax status, investment objectives, and other appropriate information when making recommendations to the customer.

To buy Life Insurance, one need an Insurable Interest: Required to issue a life insurance policy: where a person would likely suffer a financial loss from the insured person’s death or can expect to benefit financially from the continued life of the insured person.

Privacy Notice
Our Commitment To Privacy
Your privacy is important to us. To better protect your privacy we provide this notice explaining our online information practices and the choices you can make about the way your information is collected and used. To make this notice easy to find, we make it available on our homepage and at every point where personally identifiable information may be requested.
The Information We Collect:
This notice applies to all information collected or submitted on the Tri-State Life Insurance Planning Agency website. On some pages, you can request a quote, make an appointment, or inquire about our services. The types of personal information collected at these pages are:
Name
Email address
Phone number
Comments
The Way We Use Information:
This site is owned and maintained solely by the Tri-State Life Insurance Planning Agency. The confidentiality of information received either through inquiry or quote request is strictly preserved; as does your physician with your medical information. The privacy of information received is strictly protected. Tri-State Life Insurance guards the confidential and personal information entrusted to us and we do not share, sell or exchange information with any other source or individual(s). Your satisfaction and trust is our goal.
Our Commitment To Data Security
To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, we have put in place appropriate physical, electronic, and managerial procedures to safeguard and secure the information we collect online.
How To Contact Us
Should you have other questions or concerns about these privacy policies, please call us at 516-224-4440 or send us an email at contact@tristatelifeinsurance.com.

Health Insurance Carrier List

Health Insurance
Aetna • Atantis Heath Plan • Cigna • Emblem health • GHI • Health Net Inc. • Health Advocate Inc. • HealthPass • HIP • Health Alliance • IRBA Plans • Oxford Health Plans • Perfect Health • United Health Care.

Partial Insurance Carrier List

Individual Disability
Berkshire • Principle • Mass Mutual • Union Central • Security Mututal Life Insurance of New York
Individual Long Term Care
Security Mutual Life Insurance of New York • Assurant • John Hancock Life • MedAmerica Insurance Company • MetLife • Prudential • Allianz
Individual Life
Security Mutual Life Insurance of New York • MetLife • Mass Mutual• William Penn Life • Banner Life Insurance Company • John Hancock • Bankers Life of New York • Jefferson Pilot Life • AIG • Prudential
Group Life • Group Disability
Aetna • Assurant Life • Guardian • Hartford • Jefferson Pilot • MetLife • Prudential • ING • Security Mutual Life Insurance of New York • SunLife • Unum • AIG • Cigna • Principal
Vision
1st Rehab • First Ameritas • Guardian • Davis Vision• Spectera • US Life Principle • VSP
Group Long Term Care
Aetna • Security Mutual Life Insurance of New York • Unum • Prudential
Dental
MetLife • Cigna • Delta Dental

Securities
First Clearing• Wells Fargo