Saturday, July 30, 2016

Get a free Life Insurance quote

                             Aflac Logo.

Ask Chuck Morse for a free quote for Term or Whole life insurance in Massachusetts.

Call Chuck at (617) 271-5044
Email Chuck at

Massachusetts business owner / Human Resource Director

Ask Chuck Morse about how you can offer your employees benefits including life, accident, and short-term disability at no direct cost to your company.

To set up a 10 minute meeting, contact Chuck at (617) 271-5044  /  

Thursday, July 21, 2016

Peace of Mind

Aflac Logo.

Dear Friend,

Unlike casino gambling or high stakes stock investing Insurance is not an exciting investment. Insurance is not thrilling, it doesn't make your adrenaline rush. Insurance is not entertaining or sexy.

Yet, amidst all the glitz and cacophony that make up our lives, Insurance offers the one thing the other more thrilling things don't offer and that is peace of mind. An insurance policy is always there and is still around, protecting your future, when the noise of life dies down.

Insurance is a form of betting but a form that we don't like to think about and that is a bet that something bad might happen. Yet, perhaps as a by-product of maturity, we recognize, however reluctantly, that bad things do happen such as accidents, disease and, hopefully far off in the future, death. It is at those times that our bet, and Insurance is a form of betting, pays off and becomes pretty damn exciting.

I represent Aflac in Massachusetts and Aflac is a cheap bet that pays cash in addition to any other insurance you may have. Aflac accident plans which cost a few bucks a week, pay you if you fall off your bicycle or motorcycle and sustain a covered injury. The Aflac plan pays you cash, which is transfered to your bank account as quickly as 24 hours after you file a claim, and regardless of any other insurance you may have. Aflac pays you cash daily, up to $300 per day, if you have to go to the hospital and it pays you up to 40 thousand in a lump sum if you lose a limb. As the old saying goes: "shit happens."

I can offer you, as an individual, Accident, Cancer, Whole and Term Life, and certain other plans. Whole Life is particularly un-sexy when compared to the fast action mutual or stock investment but, and I do say but, Whole Life offers a sort of forced savings plan where a certain amount, a modest amount depending on your age, goes into a savings account each week where it accumulates compound interest at rates between 4 and 6%. Yes this is not as great as a Fidelity Mutual Fund, at least at their present earnings, but the money is at zero risk and you have the option of borrowing against the balance, at a low interest rate, in the future. Besides having a death benefit, which offers piece of mind to your spouse and children, You can avoid debt to the predatory credit cards which are known to charge upwards of 25% interest and beyond.

While I can offer you, as an individual, these pland at a low rate I can offer these plans to you, as well as Short-Term Disability, at an even lower rate through your Massachusetts employer. If your employer agrees to allow me to offer these plans as employee benefits, I could do so at no direct cost to the company. In fact, your company might be able to actually reduce costs by offering you these plans through pre-tax deductions from your paycheck. They would be offering you benefits, which is a good thing to do for company morale, and they would be essentially hiring me as an agent who will work for you on claims and who would be available as a consultant.

I am particularly proud to be representing Aflac as an independent agent as Aflac, on of America's most highly rated and respected companies, settles claims quickly and effortlessly, often as quickly as within 24 hours after the claim is filed. I represent my clients every step along the way.

So please feel free to contact me, Chuck Morse, for a free quote over the phone or, if you represent a company, to set up a 10 minute meeting. Thanks.

Best Regards,
Chuck Morse
(617) 271-5044

Thursday, July 7, 2016

Letter to Boston Bicyclists

Dear Boston Bicyclists,

As an Uber driver I am concerned about your safety as I notice that many of you tend to wear dark clothes when you bicycle at night. While I'm a good driver I would rather you didn't depend on my eyesight. Please do us both a favor and wear bright clothes, preferably yellow or orange, when bicycling at night and please improve on your reflectors while you're at it.

I am also writing because it occurs to me, as a life and health Insurance Agent in Massachusetts, that you would benefit from Accident Insurance. I'm an independent agent representing Aflac Insurance and I checked with them about your qualification for coverage and I can, indeed, offer you coverage. These plans pay cash to you directly in the unfortunate event of your getting into an accident.

I can also offer you short-term disability cash benefits through your employer. Your employer can offer this plan at no direct cost to them and at a considerable discount to you. This would mean that if you are temporarily unable to work due to a covered accident or sickness you would get cash from the first day that your out of commission. I can offer you this plan from 3 months to up to 2 years, that is up to you.

I also offer both term and whole life and, in fact, I recently enrolled an Uber passenger and her husband into whole life plans and her father into a final expense plan. I offer these plans to both individuals and as employee benefits although you would have to get short-term disability through your employer.

Please feel free to contact me for a free estimate and, if your an employer, please let me know if I might swing by for a brief 10 minute presentation. I can be reached at (617) 271-5044 or at

Thank you very much and safe bicycling to you.

Best Regards,
Chuck Morse

Sunday, June 19, 2016

How to Build and Borrow Cash From Your Life Insurance Policy

Article by Frank Addessi
Published by The Simple Dollar

For a free quote in Massachusetts please contact independent Life Insurance Agent Chuck Morse:
(617) 271-5044  /

Life insurance comes in two basic flavors: term and permanent. Term insurance is pure insurance, and as such, its only benefit is the death benefit. Permanent insurance includes whole life, universal life and variable life, and has living benefits — foremost of which is the accumulation of cash value. Trent explored this topic in his earlier post, ‘Buy Term Life Insurance.’

Cornell University Law School defines “Cash Value” or “Surrender Value” as funds that are borrowed against or taken in whole upon surrender of the policy. The NOLO Plain English Law Dictionary goes on to say that, “The annual increase in the cash value of the policy is not taxed.” Tax-free growth and a ready source of loans make for a powerful statement about the value of life insurance as an asset to be leveraged.

There are differing opinions about life insurance as an investment and it really depends who you ask; some argue that anything other than term life is a bad idea, while others regard permanent life as the better choice. The fact is that, as investments go, life insurance is never going to provide a big return. That said, there is a place for life insurance in one’s portfolio beyond the death benefit but it requires you to understand the rules and risks.

The Ground Rules
First and foremost, your life insurance investment should provide death benefits that sufficiently cover all the needs of your loved ones and estate after you have died. To be clear, we will be discussing life insurance as a leverage device and not a provider of lost income.
Different forms of permanent insurance will accumulate cash at different rates. The slowest and most conservative is whole life; this option generally does not offer any options as to how your cash is invested and usually provides a fixed return in the form of an untaxed dividend. The tax advantage is that these dividends are treated as a return of premium and are not subject to being taxed.
Other types of permanent insurance (such as universal life policies) often provide the owner with options that focus on how excess premiums are invested, resulting in a higher return. Just like investments made in more conventional vehicles, the choice and greater return translate to greater risk. While some policies guarantee a minimum return, many do not. For further details about these policies, check out ‘The Simple Dollar Guide to Life Insurance.’
Personal Bank
The cash value that accumulates in a life insurance policy is like a personal bank account, in that the assets can only be drawn against by you and you are the loan officer. In a conventional bank, a loan officer reviews your credit and determines how much you can borrow and at what rate funds can be borrowed with only your approval.
Like a conventional loan, there is interest to pay – though it is usually lower than the going bank rate for a similar loan. The collateral for your policy loan is the death benefit, which means that if you should die before repaying the loan the death benefit will be reduced by the amount of the outstanding loan. Whole life policy loans have interest rates significantly below market rates and often have no interest at all.
Variable and universal life policy loans may also be subject to an opportunity fee or cost. This amount is calculated by finding the difference between the guaranteed rate the insurer is paying and the current rate of your investment selection. The difference is added to the interest rate you will have to pay on your loan. For example, if your guaranteed rate is 3% and your investment rate is paying 6%, then the difference of 3% is added to the interest rate of your loan.
Pros and Cons
The upside to borrowing against a life insurance policy is the low interest rate and lack of an approval process. It is quite easy to borrow against accumulated cash value, so great care must be taken to ensure that the face value (death benefit) is not so severely depleted that it defeats the purpose of having insurance altogether.
Accumulated cash value in a life insurance policy (including loans) is protected from creditors until it is removed. Borrowing funds from life insurance subjects them to attachment by creditors because they are no longer protected as part of the policy.
360 Degrees of Financial Literacy, a website maintained by the American Institute of Certified Public Accountants, notes that the proceeds of loans against life insurance cash value are non-taxable and (contrary to conventional loans) remain tax-free even when they are not repaid.
The Final Word
It is important to remember that the primary function of life insurance is to provide for the needs of your beneficiaries and that maintaining adequate coverage should be your priority. Life insurance as a leveragable financial tool is not for everyone. However, when the situation calls for it and you are in a financial position to take advantage of such policies, they can be the ideal solution to filling the need for a quick and easy infusion of cash.

Wednesday, June 15, 2016

Protecting Life in Massachusetts

Aflac Logo.

Enrolling in a term or whole life insurance plan is a great way to protect life in Massachusetts and, for that matter, any other state. Since, however, I am a licenced life insurance agent in Massachusetts representing Aflac Insurance so, naturally, I personally recommend life insurance to my fellow Massachusetts citizens.

Term Life like is like renting a life insurance policy. The premiums are much lower and the life of the policy is set in advance. I generally recommend a 10 year plan.

Whole Life is like owning the insurance and, in the case of Whole Life, this is like owning a bank. While the premiums are higher, the owner accumulates a cash balance that expands over the years due to compound interest. Interest rates are competitive at 3-6%, there is no risk, and the interest rate compares favorably to those offered by bank savings accounts which are usually less than 1%.

The younger the enrolled at the time of enrollment the lower the premium and the premium is locked in for life.

The owner of Whole Life has essentially established a forced savings plan and this should be a basic part of the property of every working person given how hard it is to put money away. After 3 years, the owner can take out a loan, at a low rate of interest, against the balance or they can withdraw the money outright although I don't recommend this as there are penalties and the money becomes taxable income. 

Therefore, if the owner wants access to the money it is better to borrow against the balance as this is preferable to taking out a loan on a credit card where the interest rates can be as high as 28%!

Having said this, it is a good and responsible thing to own either a term or whole life plan so as to leave a financial legacy for the owners heirs. This becomes particularly important if the owner is married and even more so if the owner has children. Life Insurance is the best way to take care of your loved ones if, in the unfortunate event you might pass away.

If you live in Massachusetts, please contact me, Chuck Morse, for a free no obligation consultation and a free quote. Thanks.

Chuck Morse
Independent Life Insurance Agent in Massachusetts representing Aflac Insurance
(617) 271-5044

Tuesday, June 7, 2016

Check out my package!.....Insurance, Podcast

Contact information for Chuck Morse:
P: (617) 271-5044   /   email:

I'm a life and health insurance agent in Massachusetts, assigned by Aflac, and I'm a former radio talk show host who now creates online podcast interviews. I am making my services available to you and your clients. I offer the following services:

1. Life Insurance:

I enroll individuals as well as employees at a substantial discount through their employer who has the option of offering Aflac benefits at no direct cost to the company. These plans include Term as well as Whole Life plans. Term life is very inexpensive. Whole Life builds an equity balance earning an average of 3-5% compound interest rate.

2. Supplemental Health Insurance:

Accident, Cancer, Hospitalization and Dental plans pay cash for doctors visits, hospitalization and covered accidents and illnesses. Short-Term Disability is available for employees as part of their benefits package.

3. Podcast:

As a veteran award-winning former radio talk show host, I conduct online live streamed interviews with Massachusetts businessmen, entrepreneurs, opinion makers, authors, and with interesting people from all walks of life. My guest goes live for a half hour interview and gets a podcast of the interview which is also posted on iTunes and elsewhere.  

Monday, June 6, 2016

Reasons for offering supplemtal health and life insurance plans to employees

Please contact me, Chuck Morse, independent life and supplemental health insurance agent in Massachusetts for a free consultation....(617) 271-5044  /

2016 Aflac WorkForces Report results for the Northeast U.S.

Employer results at a glance:

chart icon
  • Surveyed 363 business decision-makers.
  • 29 percent of those who offer major medical health insurance to employees offer a high-deductible health plan with an individual deductible over $1K.
  • 55 percent have a wellness program.
  • 27 percent offer voluntary insurance.

Changes to employee benefits packages

Chart data - please download PDF for chart data

Employer Concerns

31%say staying competitive in today’s marketplace is their company’s most important business objective.
34%say employee turnover results in the most productivity lost within their organization.
22%say taking care of my employees by offering the widest range of benefits options is the most important objective of their benefits programs.
47%are interested in outsourcing employee benefits communications services to a third party.

Legislative issues

62%understand health care reform legislation extremely or very well.
51%are only somewhat or not very well-prepared to comply with IRS health insurance reporting rules in 2016.1
29%of employers offering major medical/health insurance say they are very concerned about the excise tax on high-value medical plans, often referred to as the Cadillac Tax; 7 percent are not familiar with this tax.
Chart data - please download PDF for chart data
39%have children under 18 covered on their health plans.
21%have adult children ages 18-26 covered on their major medical health plan.


59%are extremely or very satisfied with their benefits packages.
65%are extremely or very satisfied with their jobs.
47%are at least somewhat likely to look for a job in the next 12 months.

Value of benefits

72%say a benefits package offering is extremely or very important to their job satisfaction, and 64 percent say it’s extremely or very important to their employer loyalty.
59%of employees are at least somewhat likely to accept a job with slightly lower pay but better benefits.
44%say improving their benefits package is one thing their employer could do to keep them in their jobs.
18%have left or turned down a job due to the benefits it offered in the last 12 months.

Growing importance of voluntary insurance

51%agree that they regularly underestimate the total cost of an injury or illness, including medical, household and out-of-pocket costs.
57%say that if their employer did not provide adequate health insurance coverage, they would purchase additional, affordable insurance products to ensure their coverage is adequate.
77%would be at least somewhat likely to purchase voluntary insurance if their employers offered the benefits.2

Financial well-being

63%would be able to pay less than $1,000 for out-of-pocket expenses if an unexpected serious illness or accident occurred today.
38%would use a credit card to cover unexpected out-of-pocket expenses, and 19 percent would borrow/withdraw money from their 401(k) or other retirement account.
13%say high medical costs have negatively affected their credit scores.
14%have been contacted by a collection agency related to outstanding medical bills.


71%participate in their employers’ wellness programs.3
54%would participate in an exercise program through their workplace to help lower their health insurance cost.