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Magnetic North Financial Insurance: Additional benefits for everyone.

  • Writer: Christopher Lakian
    Christopher Lakian
  • Apr 11
  • 2 min read

Many may or may not know, but I have a life, long-term care, and annuity license.

 

I have had one since 2004, and it's not a highly talked about subject. Mainly because I believe in stocks and bonds as viable long-term investment solutions over anything else, crypto included.

 

When I left Raymond James, I set up a new company called Magnetic North Financial Insurance LLC with the state of South Carolina.  If you want to find my registration click on the link and enter the National Producer Number:  https://sbs.naic.org/solar-external-lookup/ NPN: 21233980

 

The goal was to accommodate periodic business needs and assist investors' diversification requirements.

 

I have two contracts with the country's largest life insurance and annuity provider distributors, Simplicity and Amerilife. Between the two, we can access almost every insurance product and carrier in the country.  This includes, Term life, Whole life, Indexed annuities, Key man insurance, long term care and more.

 

Here are some examples of the scope of my work over the last five months, which don't violate any privacy laws.

 

  • I increased my term life policy by 750,000 with a 30-year term policy with Pacific Life Insurance through my arrangements at Amerilife. It's $128.00 a month, and I am 46 and received preferred plus pricing. (that is a phenomenal rate)

 

  • I helped a family member switch a $ 300,000 universal life policy from Lincon National to Allianz. We added a disability rider and a guaranteed income feature; the whole thing cost her slightly less than before and will help her retirement or a disability later in life.

 

  • I worked with a family in Columbia to move multiple contracts to a carrier offering 6.5% guaranteed income rates (at age 71).It made a massive difference to their retirement plan!

 

Insurance companies can offer attractive terms to build their actuarial tables for long-term funding needs.

 

It's worth considering and chatting with me if it has been on your mind.

 

It costs nothing to inquire about a need.

 

Chris

 

  • Stay tuned for more next week on high-income investments that have nothing to do with stocks.

 

 

Christopher R Lakian

Owner, Portfolio Manager, AIF

 

Magnetic North Financial LLC

1156 Bowman Road Suite 200

Mt Pleasant SC 29464

Main Number: 843-353-0313

Cell: 843-737-6060

Global Relay Secure Text: 843-428-7827

 

 

OneSeven ("OneSeven") is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. All titles listed for individuals associated with Magnetic North Financial represent the individual's role with Magnetic North Financial, and not their role with OneSeven. Services are provided under the name Magnetic North Financial, a DBA of OneSeven.

 

 
 
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OneSeven ("OneSeven") is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. All titles listed for individuals associated with Magnetic North Financial represent the individual's role with Magnetic North Financial, and not their role with OneSeven. Services are provided under the name Magnetic North Financial, a DBA of OneSeven.

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