I retired in September and I got a notice from MetLife that my spouse's life insurance ends 12/31 and was told mine will drop to $15k. The letter said call Barnum Financial Group with questions. I called and they explained the letter then said I am eligible for a 3 session financial review the MetLife will pay for that usually runs $2,000. The review goes through investments, strategy, etc
Has anyone used this service?
I recently retired and am taking advantage of the free service. We had a phone call and then a Zoom meeting to going over the analysis. We meet again next week. So far, we have them found very professional and have not tried to sell any products. Was also told our life insurance quote from Pacific was reasonable.
I used them and they were very knowledgeable and helpful. They provided me free consultations and answered a ton of questions , ( my husband and I had 4 conference call/ meetings with them as well as numerous email communications where we asked questions, along with (4) written retirement recommendations that they provided via email). No charge for any of their services which I would not have known about had Metlife not told me when I called them to find out how about converting my company provided life insurance to personal. (I didn't as it was very pricey and Metlife stated that the life insurance I have with Shelter Insurance was a better option).
I received consultation as part of my retirement, not from AT&T. They have provided assistance and seem to be a reputable firm.
Ask to see the advisor's form ADV part 2. How they get paid will be described there. The longer and more confusing it is, the more you should worry. True 100% fiduciary advisors will typically have a very short fee schedule, as they bill hourly or charge a set wrap fee and receive no sales commissions or similar kickbacks,
Fiduciary responsibility standard typically applies to the person paying the bill. If you're not paying, they may not be representing you.
If it’s free, I’d suggest approaching carefully.
Lots of financial “advisors” just want to sell you stuff to get their dirty little hands on your money through high commissions and/or fees afterwards.
Others are more legit (they do deserve to get paid for their services).
The death benefit was reduced to 15 grand. The CEO and his top brass life insurance benefit at death is in the millions. FACT!
This is a layoff site. GFY.
"Ask your supervisor"
Still not funny. Still not clever.
to Post ID: @a1+1jgm99jzr
You're a smart one telling a retired person to ask their supervisor. With employees like you it is now wonder AT&T has no chance to survive with Stankey
Ask your supervisor.