Licensing & Disclosures

This page is a working draft and should be reviewed by counsel before publication.

1. Who PlondoLife is

PlondoLife is a licensed life insurance brokerage. We do not underwrite policies, and we are not the issuing carrier — we are the agency that connects you with the carrier whose product fits. Our principal office is at 175 Richland Place Dr, Monroe, LA 71203.

2. How we’re licensed

The PlondoLife agency holds resident and non-resident insurance producer licenses across the United States. Each agent operating under PlondoLife is independently licensed in the states where they write business and is appointed by every carrier whose products they place. License details, including National Producer Numbers (NPNs), are available on request — email support@plondo.com. You can also verify any agent’s license through your state’s insurance department or the National Insurance Producer Registry at nipr.com.

3. Carrier appointments

We hold appointments with the carriers shown on our home page. Carrier appointments are subject to change. The current and most accurate list is available from your assigned PlondoLife agent. Specific products are issued and serviced by each carrier directly — PlondoLife is not a party to the policy contract.

4. Solicitation of insurance

This site, and any communication that follows from a quote request or contact form submission, is a solicitation of insurance. A licensed agent or producer may contact you about life insurance, annuities, or related products. Submitting a quote request does not obligate you to buy anything.

5. State availability

Product features, base plans, riders, and pricing vary by state. A product, rider, or coverage amount that is available in one state may not be available in another. Your agent will tell you which carriers and products are available in your state before you apply.

6. Underwriting determines the outcome

Quotes shown on plondolife.com or provided by an agent are illustrative. Eligibility for coverage, final premiums, riders, and benefits are determined by the issuing carrier’s underwriting process, based on factors that may include age, health, lifestyle, occupation, prescription history, motor vehicle record, and financial information. A quote is not a binder of insurance. Coverage is in force only after the carrier issues the policy and the initial premium has been paid.

7. Suicide and contestability clauses

Most life insurance policies in the United States include a two-year suicide-exclusion clause and a two-year contestability period (one year in some states). During the suicide-exclusion period, the death benefit is generally limited to a return of premiums if death is by suicide; during the contestability period, the carrier may rescind the policy if it discovers material misstatements on the application. Specific terms vary by carrier and state — read your policy carefully.

8. Compensation

PlondoLife and its agents are compensated by the carriers whose products are placed with you, typically through a commission included in the policy’s premium. Commission rates are similar across the carriers we represent, so your agent has no incentive to push one company over another. We will discuss compensation openly on request.

9. Not FDIC-insured. Not a deposit. Not a guaranteed return.

Life insurance and annuity products are not deposits and are not FDIC-insured. They are not insured by any federal government agency. They are not a bank guarantee. They are not, in themselves, an investment contract. Any guarantees are obligations of the issuing insurance carrier and depend on that carrier’s financial strength and claims-paying ability.

10. Indexed Universal Life and Indexed Annuity disclosures

For products whose cash-value or interest credit is tied to a market index (Indexed Universal Life, Fixed Indexed Annuities):

• Returns are linked to the performance of an index, subject to caps, participation rates, and floors set by the carrier and disclosed in the policy.
• You are not directly invested in the index. The policy is not a security.
• Past index performance does not predict or guarantee future credits to the policy.
• Withdrawals and policy loans may reduce the death benefit and the cash value, may have tax consequences, and may cause the policy to lapse.
• Surrender charges may apply for early withdrawals during the surrender period.

11. Tax disclaimer

PlondoLife and its agents do not provide tax or legal advice. Discussions of tax treatment are general and based on our understanding of current law. Tax laws and rulings change, and your specific situation may produce different results. Consult a qualified tax professional or attorney before making decisions based on tax outcomes.

12. Educational content disclaimer

Articles, FAQs, and product descriptions on plondolife.com are for general educational purposes only. They are not insurance, tax, or legal advice, and they should not be used as the sole basis for any coverage decision. Speak with a licensed PlondoLife agent — or another qualified professional — about your specific situation.

13. Communications consent (TCPA / state law)

By submitting a quote or contact request, you consent to be contacted at the email and phone number provided — including by phone calls, text messages, and pre-recorded or auto-dialed messages — about life insurance options, even if the number is on a state or federal do-not-call list. Consent is not a condition of purchase. Carrier message and data rates may apply. You can revoke consent at any time by replying STOP to any text or by emailing support@plondo.com.

14. Privacy

Personal information collected through plondolife.com is used and shared only as described in our Privacy Policy. Independent contractor agents are also covered by our Independent Contractor Privacy Notice. We do not sell personal information.

15. Equal opportunity

PlondoLife and its agents do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military status, or any other protected category in any aspect of our services or the agent recruiting process.

16. Complaints

If you have a concern about a policy or an agent, please email support@plondo.comwith the word “Complaint” in the subject. You also have the right to file a complaint directly with the insurance department in your state of residence — your agent can provide contact information on request.

17. Premium bonuses on annuity contracts

Some fixed-indexed annuity contracts include a “premium bonus” — an extra credit applied to your contract value at issue (sometimes 5% to 17% of premium, depending on the carrier and product). Bonuses are not free money. They’re typically paired with one or more of the following:

• Vesting schedules that release the bonus over a period of years; if you surrender the contract early, you forfeit the unvested portion.
• Longer surrender-charge periods than the same carrier’s non-bonus products.
• Lower base crediting rates (cap, participation rate) than the same carrier’s non-bonus products.
• Limited liquidity on the bonus portion until vesting completes or the income rider is activated.

Your agent will walk you through the carrier’s specific bonus mechanics — vesting, surrender schedule, and whether the bonus is fully captured at maturity — before you sign. The full picture for any product you’re considering is in the contract and the carrier’s product disclosure statement.

18. Fraternal benefit societies

Two of the carriers we’re appointed with — Foresters Financial and Royal Neighbors of America — are fraternal benefit societies, a different legal entity type from the stock and mutual carriers that make up most of our roster. Fraternals are not-for-profit, do not have shareholders, and return surplus to their members through dividends, scholarships, community grants, and member benefits (wills, advance directives, discount networks, and similar programs depending on the society). Membership in the fraternal is required to hold a policy and is typically free; member benefits are non-contractual and may be modified or withdrawn over time. Your agent will explain how this entity type differs from a stock or mutual carrier when a fraternal product fits your situation.

19. Carrier rebrands and parent companies

Several of the carriers we work with have rebranded or are part of a larger parent company. If you’ve held a policy with one of these companies under its prior name, the obligations of that policy moved with the company:

• Corebridge Financial — formerly AIG Life & Retirement.
• Aetna — a CVS Health company.
• Columbus Life — part of Western & Southern Financial Group.
• North American Company for Life and Health Insurance — part of Sammons Financial Group, sister company to Midland National.
• Global Atlantic — owned by KKR.
• Athene — owned by Apollo Global Management.

This list is current as of the effective date and is not exhaustive. The most accurate ownership and rebrand information is on each carrier’s own website.

20. Updates

We may update this page from time to time as products, carriers, or regulations change. The most current version always lives at plondolife.com/licensing.

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