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This profile was last updated on 6/19/14  and contains information from public web pages and contributions from the ZoomInfo community.

Executive Vice President †Woodl...

Capitas Financial Inc
Local Address: Los Angeles, California, United States
Capitas Financial LLC
200 Coon Rapids Blvd. Suite 300
Minneapolis, Minnesota 55433
United States

Company Description: Capitas® Financial is a powerful partnership of leading life insurance and financial services brokerages that have come together to offer a superior portfolio of...   more
Background

Employment History

  • Vice President and Director of Sales
    Capitas Financial LLC
  • Vice President Sales and Marketing
    Capitas Financial LLC
  • Regional Manager
    The Hartford
  • CLU, Manager Southern California
    The Hartford
  • Regional Vice President
    Hartford Life and Annuity Insurance Company
  • Director of Marketing, National Accounts
    Hartford Life and Annuity Insurance Company

Education

  • Criminal Justice degree
    San Diego State University
7 Total References
Web References
Pacific Southwest Financial
www.capitasfinancial.com, 19 June 2014 [cached]
Rick Maholchic, CLU, ChFC Executive Vice President â€" Woodland Hills rick.maholchic@capitasfinancial.com
CDI Overview
www.capitasfinancial.com, 7 Nov 2013 [cached]
Rick Maholchic
Vice President and Director of Sales
Rick has worked in the insurance industry for over 20 years. Rick has spent the majority of his career working with banks, wirehouses and independent financial advisors in a consultative sales environment.
Before entering the insurance and financial services industry, however, Rick was an officer in the US Army Field Artillery, attaining the rank of Captain before his honorable discharge in 1989. While in the military, Rick graduated from both the Airborne and Ranger schools.
In 1992, Rick joined the Hartford, where he achieved the highest production awards for manager and field consultant. He is also a life member of the Hartford Honors Club and Circle of Excellence, of which fewer than 25 people have achieved. From 1999 â€" 2003 Rick was instrumental in the creation of a National Sales Division that is focused solely on transactional life programs for independent planners, banks and NYSE broker/dealers. This division of the Hartford is now responsible for over 12,000 applications annually.
In 2003, Rick was appointed the Hartford Regional Vice President for California and Hawaii, where he managed a staff of 23 sales and support personnel, before joining the Capitas Distributors team.
Rick has had multiple articles published in The National Underwriter and California Broker. He holds a Criminal Justice degree from San Diego State University and is a Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC).
The Hartford revamps bank life processes to better reach affluents
www.todayroughnotes.com, 16 July 2001 [cached]
"When clients decide that they need life insurance, their financial professionals no longer have to complete a lengthy application," said Rick Maholchic, director of marketing, national accounts, for Hartford Life's individual life division."Financial professionals simply complete a request for application, which can be sent through the mail or by computer on the Internet.Clients are now being asked if they want paper or plastic to start the underwriting of their policies."
With the new process, called "Intent to Buy," the request for application is simultaneously sent to Hartford Life and the bank or broker-dealer firm represented by the financial professional, Maholchic said.The notification process enables both companies to better track the life insurance policy from application to issue, he said.
Once the life insurer receives the request for application, a tele- interviewer contacts the applicant to gather all underwriting information and complete a full application.The financial professional no longer has to ask his or her client uncomfortable medical questions and can turn the entire underwriting process over to the life insurer.
Maholchic said the Intent to Buy system was successfully piloted by a national brokerage firm in the first quarter.The new system enabled Hartford Life to triple the number of life insurance policies sold and paid for by clients of the firm in the first quarter of 2002 as compared to the same period in 2001, according to Maholchic.
In addition, "Simplified Issue" is being introduced on Stag Accumulator Variable Universal Life insurance policies to eliminate the need for many clients to take medical examinations.Stag Accumulator is ideal for clients who need both life insurance protection as well as cash value accumulation for financial needs such as supplemental retirement income.
Maholchic said 85 percent of applicants qualify for the Simplified Issue program.He said policies underwritten without a medical exam are typically issued within eight working days, speeding the delivery of the policy by the broker to the client.Simplified Issue is available to clients ages 30 to 50, with certain premium restrictions.
The Intent to Buy and Simplified Issue programs are part of an ongoing effort to sell more life insurance to consumers in the "emerging affluent" market.The emerging affluent is typically defined as households with annual incomes of $100,000 or more and younger children.
Help Clients Supplement T heir Retirement Income With Variable
www.calbrokermag.com, 10 May 2005 [cached]
By Rick Maholchic
...
Rick Maholchic, CLU, manages the Southern California Sales Office for Hartford Life Insurance Co., a subsidiary of The Hartford Financial Services Group, Inc. (NYSE: HIG).Maholchic assists brokers, financial planners and banks meet the life insurance planning needs of their high-net-worth clients.He can be reached at rick.maholchic@hartfordlife.com.
James B. Oswald Company: TUESDAY, 7/23/02 INSURANCE LETTER FROM INSURANCE-PORTAL.COM
www.jamesoswald.com, 23 July 2002 [cached]
"When clients decide that they need life insurance, their financial professionals no longer have to complete a lengthy application," said Rick Maholchic, director of marketing, national accounts, for Hartford Life's individual life division."Financial professionals simply complete a request for application, which can be sent through the mail or by computer on the Internet.Clients are now being asked if they want paper or plastic to start the underwriting of their policies."
With the new process, called "Intent to Buy," the request for application is simultaneously sent to Hartford Life and the bank or broker-dealer firm represented by the financial professional, Maholchic said.The notification process enables both companies to better track the life insurance policy from application to issue, he said.Once the life insurer receives the request for application, a tele-interviewer contacts the applicant to gather all underwriting information and complete a full application.The financial professional no longer has to ask his or her client uncomfortable medical questions and can turn the entire underwriting process over to the life insurer.
Maholchic said the Intent to Buy system was successfully piloted by a national brokerage firm in the first quarter.The new system enabled Hartford Life to triple the number of life insurance policies sold and paid for by clients of the firm in the first quarter of 2002 as compared to the same period in 2001, according to Maholchic.In addition, "Simplified Issue" is being introduced on Stag Accumulator Variable Universal Life insurance policies to eliminate the need for many clients to take medical examinations.Stag Accumulator is ideal for clients who need both life insurance protection as well as cash value accumulation for financial needs such as supplemental retirement income.Maholchic said 85 percent of applicants qualify for the Simplified Issue program.He said policies underwritten without a medical exam are typically issued within eight working days, speeding the delivery of the policy by the broker to the client.
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