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Barry Flagg

Personal Finance, Small Business, Insurance
“Barry Flagg, inventor, founder, and president of Veralytic, is a leading source of pricing and performance research and ratings for life insurance products and a recognized expert in the prudent selection and proper management of life insurance.”


Job Title:

Inventor, Founder, President


Barry D. Flagg is the inventor and founder of Veralytic®, Inc., the only patented online publisher of life insurance pricing and performance research and product suitability ratings. Veralytic is the product of his unique background as both the youngest Certified Financial Planner (CFP®) in history schooled in the investment business, as well as a life insurance practitioner consistently ranked in the top 1% of the industry. His experience in both financial product analysis, life insurance sales and marketing, and his success in managing large life insurance portfolios for affluent individuals and growth companies, brings an unparalleled advantage to his presentations.

Barry is a recognized expert in applying Prudent Investor principles to life insurance product selection and portfolio management having addressed the national conferences of HSBC Bank/WTAS, Ernst & Young Annual Family Office Accounting & Tax Education, Fi360, FPA, Grant Thornton, Holland & Knight, the Academy of Financial Services (AFS), and many of the largest independent distributors of life insurance in the U.S.  He has also been published by the ABA, AICPA, CCH Group, Fiduciary & Investment Risk Management Association (FIRMA), and Trust & Estates, cited by ALI/ABA reference text, guest lectured at Leadership Bootcamp for Life Insurance Stewards at West Point, Stetson Law, Texas Tech University and the Wall Street Academy and appeared on national internet radio shows for a number of the largest insurers in the U.S.

Barry is also a Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC) and Cum Laude graduate of the W. Paul Stillman School of Business at Seton Hall University. Barry has been on the CFP Board's Disciplinary and Ethics Commission, an adjunct faculty member of the College for Financial Planning, and is a member of the Society of Financial Service Professionals (SFSP), the Financial Planning Association (FPA), the National Association of Insurance and Financial Advisors (NAIFA), the Million Dollar Round Table (MDRT), and the Beta Gamma Sigma National Scholastic Honor Society.


BS, Finance, Seton Hall University

CRD Number:


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    Retirement, Asset Allocation, Choosing an Advisor, Insurance, Life Insurance
Is a cash value life insurance policy a good idea for me?
80% of people found this answer helpful

It depends first and foremost on whether or not you have financal obligations (e.g., a mortgage or other debt, income replacement for a surviving spouse, etc.) or desires (e.g., childrens' or grandchildrens' college education, legacy gifts, etc.) that you need or want to fund even if your not around to fund them.  If so, then some form of life insurance may be a good idea. If such needs or wants are temporary in nature (e.g., only until a mortgage is paid off or until college students graduate), then term insurance for a term-of-years that coincides with the timing of these needs or wants may be most appropriate with two exceptions. 

#1, If the financial obligation or desire is permanent (e.g., to pay estate taxes or make a bequest), or is at least longer than your life expectancy (i.e., term insurance is only available up to your life expectancy), then a cash value life insurance policy may be a good idea. 

Or #2, if your are in a high enough tax bracket that tax savings on tax-deffered growth of the cash values could be more than enough to offset the higher internal policy costs in a cash value life insurance policy, then a cash value life insurance policy may be a good idea. 

To determine if such tax savings are more than enough to offset these internal policy expenses, make sure your advisor provides you with a schedule of year-by-year costs that the insurer expects to charge you for the cost of insurance and policy expenses (commonly referred to as the "detailed expense pages" of the hypothetical illustration/proposal), and compare those costs to the tax savings you can reasonably expect (i.e., multiply the "interest credited" column also from the "detailed expense pages" by your expected tax bracket in your retirement years).  If expected tax savings are higher than these extra internal costs, then a cash value life insurance policy may be a good idea. 

Does all that make sense?  

July 2018
    Life Insurance
Do beneficiaries pay taxes on life insurance?
44% of people found this answer helpful
September 2017
    401(k), Choosing an Advisor, IRAs, Real Estate, Life Insurance
Should I get indexed universal life insurance (IUL)?
40% of people found this answer helpful
April 2018
    Insurance, Life Insurance
What type of life insurance policy should I buy?
33% of people found this answer helpful
September 2017
    Insurance, Life Insurance
How does borrowing against a persons life insurance policy work if you are the beneficiary?
20% of people found this answer helpful
September 2017