Announcement: Hiltz, Isabelle (Updated)

To our clients, colleagues, and business associates nationwide,
I have received a large number of questions regarding the situation described earlier this week. While personnel turnover is a normal business event, a termination of a Principal, for cause, at a professional, regulated firm is extraordinary, we acknowledge this. This is especially true, given the degree of regulatory scrutiny that we receive from multiple entities, in multiple geographic locations. A partial list of answers to questions that I have received is included. It is here for public consumption: it is vital that my answers are 100% consistent with each other.
a. We are aware of the importance of confidentiality (my mother doesn’t know your identity, even if she has been your friend for years). For example, you can see that you are receiving these emails under blind copy (all of your identities and emails are not revealed to each other). At this time, we do not currently suspect that any theft of sensitive information has occurred. Given Ms. Hiltz’ prior position and privileges, she did have almost unlimited access to your private data. The reason for the public memo is that if you have reason to believe that your private data has been revealed to any other party, please contact us immediately.
b. Given GH2’s high visibility with large associations (example, State Bar of MI), and the fact that there is always a great deal of scrutiny that surrounds 501c3 charities, we will respond to your concerns within 1 business day. We have regulatory requirements which bind GH2 Benefits to this responsibility, and we will precisely meet these requirements.
c. Ms. Hiltz did cause GH2 Benefits financial damage, which is being actively resolved. The details of this will remain private, we will not answer questions, unless required by law. (Update: Ms. Hiltz has repaid the financial damage, without admission of guilt. The repayment itself is her tacit admission.)
I am personally gratified by the overwhelming support of the principles we pursue, as stated earlier this week, thank you.

Jae W. Oh, MBA CFP CLU ChFC
Managing Principal, GH2 Benefits LLC
Chairman, Great Humanity Healthcare Foundation, a 501(c)(3) tax exempt organization
Jae W. Oh, MBA, CFP®, CLU®, ChFC®
Founding Principal
GH2 Benefits, LLC
416 W. Huron St, Suite 1
Ann Arbor, MI 48103
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The original post is here:
April 20, 2018

To Whom It May Concern,

It gives me no pleasure to announce that Isabelle R. Hiltz, Principal, has been terminated, for cause.

GH2 Benefits continues to represent our clients without discrimination of any sort, including but not limited to sex, age, race, financial means, or orientation. Our professionals will also exhibit the highest professional standards in every instance.  Our clients, current and future, depend on this.

Our unparalleled career opportunities are available to those that share this vision, and to those that exhibit these professional standards. Any deviation from that standard will be deemed to be unacceptable, as in this case, and will be addressed decisively. No one is more accountable to meet those standards than I.

Jae W. Oh, CFP
Founding Principal, GH2 Benefits, LLC
Chairman, Great Humanity Healthcare Foundation, Inc, a 501(c)(3) organization

A signed copy of this document can be viewed here: Isabelle Hiltz Termination Announcement. Any and all questions will be answered by me and by me alone, directly.

Announcement: Hiltz, Isabelle

Jae W. Oh, MBA, CFP®, CLU®, ChFC®
Founding Principal
GH2 Benefits, LLC
416 W. Huron St, Suite 1
Ann Arbor, MI 48103

April 20, 2018

To Whom It May Concern,

It gives me no pleasure to announce that Isabelle R. Hiltz, Principal, has been terminated, for cause.

GH2 Benefits continues to represent our clients without discrimination of any sort, including but not limited to sex, age, race, financial means, or orientation. Our professionals will also exhibit the highest professional standards in every instance.  Our clients, current and future, depend on this.

Our unparalleled career opportunities are available to those that share this vision, and to those that exhibit these professional standards. Any deviation from that standard will be deemed to be unacceptable, as in this case, and will be addressed decisively. No one is more accountable to meet those standards than I.

Jae W. Oh, CFP
Founding Principal, GH2 Benefits, LLC
Chairman, Great Humanity Healthcare Foundation, Inc, a 501(c)(3) organization

A signed copy of this document can be viewed here: Isabelle Hiltz Termination Announcement. Any and all questions will be answered by me and by me alone, directly.

Is “No Medical Questions Asked” Life Insurance Real?

Is “No Medical Questions Asked” Insurance Real?
Yep, But Many Variations Exist

Questionable Health? It’s Actually OK…
You have almost certainly received a postcard which advertises life insurance. Here are some of the snippets used to get your attention. Frequently, these postcards will have something that looks like No Medical Exam Required,”  “No Medical Questions Asked,” etc. Technically, that may be true.

Yabit, We Can Get the Info Without Asking You

Your prescription history is stored, and is accessible. When you are signing an application for life insurance, you are almost certainly granting permission to the carrier to access this information. It is very, very unlikely that the prescription database is incorrect. Further, it is also very likely that if you are prescribed a particular medication X, then it is for medical situation A. Voila, the carrier knows your medical history.

All Is Not Lost, No-Medical Life Insurance Does Exist
There are conditions, as expected, but it is true that there are viable life insurance policies that exist for those that will fail medical examination.

  • The benefit amount will be limited (almost impossible to purchase $100,000 on a guaranteed-issue basis)
  • You may not be insured for the full benefit amount on day 1. This is called Graded Benefit, and you are insured for a portion of the full benefit amount on day 1, and that increases over time.
  • The cost of this insurance will be higher than other life insurance. This means that those that CAN pass medical questions would likely receive better value for his/her money at other carriers.
There are MANY carriers, and carriers have many varieties of questions, levels of questions, and levels of benefits. To simply answer a flyer, without further information? Probably not the best approach.
Costly? Maybe. Worth It? It Can Be.
We encountered this situation the other day. A married couple, seriously ill husband greater than 65 years old, and healthy wife, age 55. The issue is that if the husband passes away prior to the wife turning 62, She will not be able to receive Social Security benefits until she turns 62, at the earliest. That will be a huge problem for her. So while the cost is high in this case, there can be reasons that this is necessary, and valuable.

FOR IMMEDIATE RELEASE: GH2 Benefits Welcomes Jamie Collon-Vella

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