Changes to the Exempt Test Legislation for Permanent Life Insurance Policies in 2017

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Permanent life insurance has an investment component – and that investment component has some tax advantages for individuals and for companies. The new rules coming into play in 2017 will limit these tax advantages.

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Frenkel & Company

Frenkel & Company – an EPIC Company is a full-service brokerage established in 1878. Our business strategy has evolved since then, but our client-centric platform continues to serve us well in today’s competitive marketplace. In November, 2017, we joined forces with EPIC Insurance Brokers & Consultants (EPIC), the 10th largest commercial insurance broker in the nation. As part of EPIC, we are also among the top 10 commercial insurance brokers worldwide.

OTHER ARTICLES

The role of AI in enhancing claims experience for Insurance customers

Article | February 12, 2020

Insurance customers are most vulnerable when they file a claim. Be it life or general insurance, claims are filed in distress. This is also a critical moment for Insurers. The claims experience they deliver determines customer loyalty, which also influences referral customers in the long run. In the Insurance industry, where products and pricing among the competitors are almost the same, customer experience becomes the main differentiator.

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How Are Chatbots and Artificial Intelligence Are Adding Value To The Insurance Sector

Article | February 12, 2020

Chatbots are capable of providing one-on-one consultancy to website visitors, customers, as well as internal employees. In the insurance industry, this is vital, as it is a large, complex industry that customers and employees alike may have questions about. Where do chatbots fit in within the insurance industry? One of our chatbot experts has crafted a list of key areas for chatbots in the insurance industry.

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Best Business Insurance for 2020

Article | February 12, 2020

Hopefully, you’ll never have to use your business insurance. But just like car insurance or health insurance, protecting your business from unexpected situations is crucial. However, 44% of small business owners don’t have insurance. This statistic is shocking. If you’re uninsured or underinsured, your company could potentially go bankrupt if something goes wrong, and you’re forced to pay out of pocket.

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Putting a price on protection: the importance of cyber insurance

Article | February 12, 2020

For almost as long as businesses have been subject to risk, some form of insurance has existed to mitigate their exposure. The first recorded commercial insurance policies date back to Babylonian times, and in the thousands of years since, the types of business cover available have multiplied exponentially, driven by the uptake of technology. It’s now over 20 years since the first cybersecurity policy was written. At the time, this was considered groundbreaking – although by modern standards, its scope was limited. These days, cyber insurance providers cast a far wider net. By 2025, it’s expected the global market size will grow to over $23 billion. Some policies cover the costs arising from first-party data breaches, while others cover liability for damages, providing assurance for companies who collect and store sensitive customer information.

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Spotlight

Frenkel & Company

Frenkel & Company – an EPIC Company is a full-service brokerage established in 1878. Our business strategy has evolved since then, but our client-centric platform continues to serve us well in today’s competitive marketplace. In November, 2017, we joined forces with EPIC Insurance Brokers & Consultants (EPIC), the 10th largest commercial insurance broker in the nation. As part of EPIC, we are also among the top 10 commercial insurance brokers worldwide.

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