Frank G Jordan – New York Life

5 ½ Stars
I never knew life insurance could be so much more than just. .. well, life insurance.
It was 1991 when I bought my first New York Life policy. It was their best product, «Whole Life,» and since my health was optimum, as determined by their blood testing, I received «Super Preferred» status. That means it is their lowest premium rate.
It seemed a shrewd thing to do at that young point in my life. Just bought a new home, hoped for a family someday, and putting a long term financial plan into place. I had no idea that a Whole Life policy from New York Life would prove to be a great savings instrument as well.
I kept receiving statements year after year and noticed that I was receiving sizable annual dividends and that my «cash value» kept going up on my policies. But, I didn’t truly grasp what the numbers meant at the time. Though I did end up buying several more Whole Life policies to bring my total insurance «protection» to a level that would more than pay off my house in the event of my passing.
Fast forward 20 years and my life took a turn for the worst and hit financial ruin. I called Frank Jordan and he calmly and warmly informed, «you have money here.»
It turns out that I had been receiving tax free dividends on all my premium payments over the years and had accumulated tens of thousands of dollars of «cash value» on my policies available for «loan» or distribution to me. The rate of interest accruing on my premium amounts all these years had been far more than any bank CD or any brokerage house fixed investment. What was so wonderful about the «savings» aspect of my Whole Life policies was one — it was tax free, two — it was virtually guaranteed interest, and three — it was significant interest.
I had lost a fortune in the Dot Com bust of 2000 and had not made good choices in most of my stock investments or mutual funds over the years. If I could do it over, I would put nearly all my money in Whole Life Insurance policies from New York Life.
Frank G Jordan has been the epitome of professionalism and agent support. Without fail, Frank was with me every step of the way as I built upon my original New York Life purchases. He even helped me procure a Long Term Disability policy with another insurance company when I started my software consulting business.
Frank is eminently reliable, thoroughly experienced, very well trained, and kind and friendly as can be. I can say that I have enjoyed every contact that I have had with Frank. When I needed money, Frank sent what I asked for from my policy cash value balances.
Unfortunately, I was unable to maintain the high premium amounts of all my New York Life policies and was forced to let them lapse. But, the monies I had accumulated helped save my life these past few years when I needed it most.
My New York Life insurance policies ultimately were not for my death. .. they were for life. .. my life. Isn’t that cool. .. a company named for exactly what they do.
Thank You Frank for all your years of outstanding service!
Review 0093