At MDG Insurance Advisor, our goal is to assist individuals and fiduciaries in evaluating one of the most valuable asset that is often overlooked – Life Insurance.
Life insurance can be confusing. MDG strives to provide an educational resource for clients wanting to make intelligent, money-saving decisions about new or existing life insurance policies to protect their family and estate.
MDG is an independent life agent. We represent multiple life insurance carriers to ensure access to an array of products for the most competitive rates for our clients. Not all policies are equal and not all carriers are equal so working with an independent agent is key to obtaining the best products and rates.
With MDG, you will experience personalized service, our best underwriting efforts, finding the right insurance carrier that fits your insurance needs and most importantly, you can count on us for continued support and service after the policy is issued.
We will work with you, your CPA, attorney or any other advisors necessary to ensure you receive comprehensive information and advice in regards to your insurance. There's never any cost or obligation to explore your life insurance options with us.
We have years of insurance experience helping clients prepare for the unknown.
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We can access many different insurance products and carriers so you can be assured of competitive pricing.
Many financial experts will tell you some unforeseen events and a lack of the right kind of insurance can be catastrophic for your family. Call us today, and we'll analyze your insurance needs and get you covered at the right price.
We have a no obligation approach to ensure you experience a comfortable environment to explore your options with us.
Everyone has different insurance needs. Find out how we can help protect your loved ones and your hard-earned assets.
We want to earn your life insurance business for the long-term with honest and straightforward advice. You can expect to never receive any high -pressured sales calls from us.
Life insurance is like any other asset – it should be monitored over time to ensure performance. Like stocks and bonds, they may perform or underperform and some investments may need to be exchanged, sold and replaced for better returns. Also consider the fact that we all refinance our home mortgages every so often when it makes sense to take advantage of better rates to reduce our payments. Comparatively, we may be able to save you thousands of dollars or more by replacing/exchanging policies that are at least 5 years or older with a new policy that reflects improved mortality rates and overall more competitive pricing and design for different needs.
Perhaps, you had purchased your insurance many years ago for different reasons and now your financial goals may be different.
• You may need more or less insurance.
• You may not need the insurance anymore.
• You may need a different type of policy.
• Perhaps your estate has increased or decreased and your insurance needs to be adjusted accordingly.
• Your cash flow is different now, maybe premiums are no longer affordable.
• New family situations that may warrant a change in coverage - marriage, divorces, special needs child, grandchildren.
Whatever the reason, it is always best to review your insurance coverage or lack of coverage and take advantage of any cost savings opportunities.
• Provide an objective review of your policy‘s past and future performance.
• Assess whether current premiums are sufficient to sustain coverage over insured’s life expectancy.
• Determine how much more premiums may be required or how much death benefit must be reduced to conserve the policy.
• Review the financial strength of existing insurance company
• Make recommendations whether to continue existing policy, modify it, replace it, surrender it or sell it.
• Determine what type of policy and the right amount of coverage.
• Provide preliminary quotes from various companies.
• Select the company that offers the best rates based on specific underwriting factors and financial strengths.
• Determine the best way for policy to be owned, individually or in trust.
If you have multiple policies with different agents who may no longer be servicing your policies:
• We can review your coverage and provide you with an update on current performance.
• We can help you manage and possibly consolidate coverage to reduce cost as well as eliminate confusing multiple statements.
If you are a senior and have an existing policy that is no longer needed or premiums are no longer affordable, a life settlement may be a viable option. Sell your policy in the secondary market through a life settlement company in exchange for a lumpsum of cash that generally exceeds the cash surrender value of the policy (if any cash value at all). The life settlement company would take over ownership of the policy, making all future premiums and receiving the death benefit upon your demise. You can then use the sale proceeds to meet other financial obligations or needs, maybe replace with new insurance at lower cost, or simply reinvest the funds as you see fit.
· You may qualify if you are over Age 70 with some health changes.
· Policies that can be considered include term, key man insurance, universal life, whole life.
· We can help you explore a life settlement option as well as other options so you can make an informed decision.
Before you surrender or let your policy lapse, call us for a free appraisal of your life insurance policy to determine its fair market value in the secondary market.
Barbara is 77 years old and a recent widow with a significant change in her health and financial situation. She was struggling to meet her current living needs and unable to continue paying premiums on a life insurance policy she bought 10 years ago. She was ready to surrender the policy for only $21,000 net cash value. We worked with her advisor and recommended a life settlement solution.
RESULT:
$1,000,000 life insurance policy with annual premiums of $33,000 and $21,000 in cash surrender value. We were able to sell her policy for $163,000 in the secondary life settlement market ($142,000 in excess of cash surrender value!). Barbara used the sale proceeds from an unwanted asset to meet her immediate financial needs.
Mai is a dedicated professional and has been in the financial insurance industry since 1993. Her humble beginnings as a receptionist at a prestigious estate planning firm has led her to a successful career in the estate planning and life insurance industry. Mai had the privilege of working under the mentorship of a well-renowned asset protection and estate planning expert and author – the late Andrew D. Westhem. Andrew with his wealth of knowledge and generosity opened the doors for the many opportunities that has helped shaped Mai’s life, proving that the “American Dream” is possible for anyone willing to work hard to achieve their goals.
Mai’s background is well rounded in various capacities of direct point-of-sale, wealth protection and retirement planning, life insurance underwriting, case design and management. She has extensive background in life insurance policy design for wealth transfer and estate planning purposes. She enjoys working with seniors as well as younger clienteles. Mai specializes in existing life insurance policy analysis and offers her clients opportunities to upgrade their insurance coverage with substantial premium savings. Mai’s “keep it simple” principles with a straightforward and honest approach has earned her high marks from hundreds of satisfied clients.
Mai also works with other insurance professionals, financial institutions, estate planning attorneys, CPAs and other financial service professionals in structuring and implementing specific life insurance designs for estate planning, wealth accumulation, and wealth transfer strategies for their high net worth clients.
Mai earned her BA from San Diego State University and National University. Mai's knowledge comes from over 18 years in the industry and learning from the best. She has been a qualified member of the Million Dollar Round Table – Court of the Table, member of NAIFA and holds life licenses in multiple states.
Mai resides in San Diego, CA with her husband Jesse and daughter Melia. Mai is also a licensed Realtor and enjoys helping buyers and sellers with their real estate needs. Mai manages her own real estate portfolio and enjoys traveling, interior decorating, snowboarding and wakeboarding.
