Insurance Disclosures

Last updated: April 26, 2026

This page consolidates the licensing, compensation, product-risk, and non-deposit disclosures that apply to every quote, illustration, and policy placed through itsinsuranceali.com by Ali Taqi, a Florida-licensed insurance agent (License #W393613). It is the cross-product umbrella disclosure for all five life-insurance products placed by Ali through the ItsInsuranceAli site family. It supplements (not replaces) any disclosures contained in the carrier-issued application, illustration, and policy documents you receive when you apply.

See also: Privacy Policy · Terms of Service.

Who You Are Working With

Ali Taqi is a Life & Health insurance agent licensed by the Florida Department of Financial Services (License #W393613), serving all 67 Florida counties from Naples, FL. Lines of authority: Life and Health.

Verify any Florida-licensed agent at the Florida Department of Financial Services public licensee search. Ali is licensed only in the State of Florida; all solicitation, quoting, and policy placement facilitated through this site is limited to Florida residents and Florida-domiciled risks.

Independent-Broker Status — All Carriers, All Products

Ali is an independent agent — not a captive agent of any single insurance carrier. He is appointed with 10+ A-rated life insurance carriers, including (representative, non-exhaustive): Banner Life / William Penn, Corebridge Financial, John Hancock, Mutual of Omaha, Nationwide, Pacific Life, Principal, Protective, Prudential, SBLI, and Symetra. Carrier appointments change over time.

Being independent means Ali recommends the carrier and product that best fit your age, health class, coverage goals, and budget — not whichever carrier pays the highest commission.

The Five Products We Place — Cross-Product Umbrella

You may apply through this hub for one specific product and, after suitability review, be offered a different product that better fits your situation. This is normal, expected, and in your interest — but you should know it can happen before it happens. Disclosures for each of the five products Ali places appear below; the dedicated product sites carry the same disclosures with deeper product-specific detail.

Term Life Insurance

• What it is: A death benefit for a fixed number of years (10–30 years typical). No cash value. Premiums paid are not recoverable at the end of the term.
• Key risks: Coverage ends when the term ends; renewal premiums increase sharply at end-of-term; convertibility windows are carrier-specific. Not a bank product.
• Deeper disclosures: See itsterminsuranceali.com.

Whole Life Insurance

• What it is: Permanent life insurance with level premiums, guaranteed death benefit, and guaranteed cash-value accumulation on a schedule specified in the policy. Many whole-life policies also pay non-guaranteed dividends from mutual carriers.
• Key risks: Cash value is not a bank product, not FDIC-insured, and policy guarantees rely on the carrier. Cash-value growth is modest in the early years; surrender charges apply; dividends are not guaranteed; policy loans reduce the death benefit.
• Deeper disclosures: See itswholeinsuranceali.com.

Indexed Universal Life ("IUL")

• What it is: Permanent life insurance with cash-value growth linked to a stock-market index (commonly S&P 500 price index, not including dividends), subject to a cap, floor, and participation rate. You do not own the index.
• Key risks: Not a direct investment in the stock market or any security. Not principal-protected — fees and cost-of-insurance charges are deducted in zero-crediting years. Caps, floors, and participation rates can be changed by the carrier. Illustrated growth is not guaranteed. Surrender charges apply 10–15 years; lapse risk if premiums are insufficient. IUL is not a registered security and Ali is not a registered investment adviser or broker-dealer.
• Deeper disclosures: See itsiulinsuranceali.com.

Final Expense Whole Life

• What it is: Small-face-amount whole-life policy ($5k–$50k) issued on a simplified-issue or guaranteed-issue basis, designed for end-of-life expenses (funeral, burial, final medical bills).
• Key risks: Most simplified-issue and all guaranteed-issue policies include a 2–3 year graded death benefit (return of premium only on non-accidental death within the graded period). Per-dollar premiums are higher than medically-underwritten whole life. Face amounts are capped. Not a pre-paid funeral contract.
• Deeper disclosures: See itsfinalxinsuranceali.com.

Mortgage Protection Term Life

• What it is: Standard term life insurance with mortgage-payoff branding. Death benefit paid to your named beneficiaries (typically spouse/estate), who may use it to pay off the mortgage or for any other purpose.
• Key risks & clarifications: Not Private Mortgage Insurance (PMI). Not required by any lender. Not a product of your mortgage lender or servicer. The death benefit is paid to your beneficiaries, not to the lender. Standard term-life risks apply (no cash value, coverage ends when term ends, renewal premium increases sharply).
• Deeper disclosures: See itsmortprotectinsuranceali.com.

How Ali Gets Paid — All Products

When you purchase a policy, the issuing carrier pays Ali a commission based on first-year premium plus smaller renewal commissions in later years. The commission is paid by the carrier, not by you. You do not pay extra for working with Ali versus going directly to a carrier — the published carrier rate already includes the distribution cost.

First-year commission percentages vary by carrier and product category. Permanent products (whole life, IUL) typically pay higher first-year commissions than term products of equivalent annual premium. You should know that commission differences exist and create a structural incentive for agents. Ali's response to that incentive is to disclose it (here) and to recommend the product that fits your situation. If you are ever uncertain whether a recommendation is being driven by suitability or by commission, ask directly and ask to see the alternative product illustration. You are entitled to a straight answer.

Ali does not charge consulting fees, broker fees, or policy-preparation fees. Premium is collected by the carrier through its own application system; Ali never holds or commingles customer premium funds.

Non-Fiduciary Relationship

Ali is a licensed insurance agent, not an investment adviser or broker-dealer. Nothing on this site, in conversation, in email, in SMS, in the Emma AI chat, or in any carrier illustration constitutes securities, investment, tax, or legal advice. Recommendations are made based on Ali's good-faith independent best-interest assessment of your situation. For tax advice, consult a CPA or tax attorney. For securities investment advice, consult a Series 65 / 66 registered investment adviser. For legal advice, consult a licensed attorney.

Quotes and Illustrations Are Non-Binding

Every premium figure, coverage amount, plan comparison, cash-value projection, or index-crediting illustration shown on this site or in a carrier illustration is a general illustration, not a binding offer of insurance and not a guarantee of policy outcome. No coverage is in force until: (1) you sign a complete carrier application, (2) the carrier approves the application and issues a policy, and (3) the first premium specified in the policy is paid.

Replacement Disclosure

If you are considering replacing an existing life insurance policy — lapsing, surrendering, reducing the face amount of, converting, or using values from an existing policy to buy a new one — Florida Rule 69O-151.001 requires Ali to provide specific comparison disclosures before the replacement is effected. If the application you are submitting involves a replacement, please tell Ali so the FL-mandated replacement process is completed properly.

Complaints

If you have a concern about the service you received, please contact Ali first:

• Phone: (239) 800-8508
• Email: itsinsuranceali@gmail.com

If your concern isn't resolved, you may file a complaint with the Florida Department of Financial Services, Division of Consumer Services: myfloridacfo.com/division/consumers or 1-877-693-5236. Carrier-conduct complaints (claim handling, policy issuance, underwriting) go to the Florida Office of Insurance Regulation: floir.com.

Contact

Ali Taqi, Licensed Florida Insurance Agent (License #W393613)
Naples, FL
itsinsuranceali@gmail.com · (239) 800-8508