Conseco policyholders affected by the drastic Cost of Insurance ("COI") increases made by Conseco in 2011 may receive some relief in June 2013. A class action suit was filed against Conseco and a settlement has been reached. Policyholders affected by the COI change should be receiving (or have received) a "Notice of Proposed Settlement and Fairness Hearing" outlining their rights under the settlement.
Instead, do this.
This is not a question your insurance agent can answer without your help. We have a tool that makes it easy. Go here and scroll down to our life insurance calculator.
Well, it all depends on how much income his kids and his . . . uh, "girlfriends" will need to maintain their current lifestyle after he dies. It will also depend on what kind of interest Charlie's beneficiaries might be able to make on the life proceeds and estimated inflation they might encounter in the coming years.
As you can see, this can get a little complicated. It doesn't have to be.
"Does the wild bear live in the woods?" Hey, it's a family blog! Yes! We sell life insurance. We help design business continuation plans with life insurance components. We also design life insurance programs to help offset estate taxes (assuming you aren't planning on dying between now and 12/31/2010 when there is no estate tax).
We don't do a very good job of "selling" life insurance. Why would I admit to something like that? We KNOW life insurance, we can tailor a life insurance to custom fit your needs. But, we don't spend a lot of time hawking life insurance to our customers. For the most part, our clients appreciate that. But, it breaks my heart when they say, "I didn't know you guys sold life insurance!"