Recently, there was a change to section 7702 that will have a major impact on life insurance products for 2021. Today we invite an expert in this field, Bobby Samuelson. We talk to Bobby about why the change to 7702 had to happen and what changes we should expect to happen this year.

About Bobby Samuelson:

Bobby is the President of Life Innovators, an independent product development firm that creates and helps distribute life insurance products. Bobby also runs The Life Product Review Blog. On this platform, he analyzes and reviews different life insurance products and he also shares his current thoughts on the industry.

Section 7702 Article: https://bit.ly/3ad7QQV

Quick Hits:

2:22 - What Is 7702?

6:49 - How These Changes Impact DIfferent Products

10:44 - Is This A Positive Change For The Industry?

12:43 - How Soon Will Companies Need To Start Following These Rules?

15:43 - How Should A Financial Advisor Adapt To These Changes?

19:44 - Using Life Insurance For A High Death Benefit

21:17 - Whole Life Policies

25:00 - Product Development

28:01 - New Products On The Way

29:21 - What’s Down The Line For The Life Product Review Blog?

Contact:

The FIG Sales Symposium: figsymposium.com

Josh's Email: Josh.Martin@figmarketing.com

Shawn's Email: Shawn.Sigler@figmarketing.com