Top 5 Common Financial Fears and How to Face Them
As adults, there isn’t a whole lot that keeps us up worrying at night, but financial fears can creep in at any time. If you’re worried about money, you’re not alone; finances are one of the most common stressors in adults of all ages. Are you ready to get overContinue Reading
How to Create a Private Family Banking System
Having a private family banking system is easier than you think. In this article, we’ll explain what family banking is, show you which financial tool to use for optimal growth and protection of your family’s wealth, and outline the benefits of having your own family banking system. Plus, we’ll explainContinue Reading
Should I Use a Policy Loan or Pay Cash?
Were you raised to believe that debt is bad? In America, we’re often taught that a high credit score and zero debt are the ultimate financial goals. Ask anyone who has amassed a significant amount of wealth, however, and you’ll see that cash isn’t always king. What is a PolicyContinue Reading
What Are Life Insurance Policy Riders?
“Life insurance policy riders? You mean there’s even more to consider?” You’ve done your homework. You’ve compared different types of life insurance. You’ve decided on the coverage you need at the price you can afford. But there’s another level of customization for your policy that provides you and your familyContinue Reading
How Whole Life Insurance Compares to a 401k
Life insurance vs. a 401(k)—is there more than one way to save for your future? When it comes to retirement, you have more options for saving money than qualified plans, like an IRA or 401(k). Life insurance is another vehicle that helps you achieve your retirement goals, often with moreContinue Reading
Cash Flow Banking With Whole Life Insurance
What is Cash Flow Banking? Cash flow banking is a concept that allows you to capture the opportunity cost of your dollars. It lets you be your own bank and earn interest on yourself. This is most commonly achieved using dividend-paying whole life insurance. Whole life insurance is used becauseContinue Reading
How to Avoid Taxes When Buying Life Insurance for Parents
Buying life insurance for parents can be a great way to help protect yourself financially. Many adults find themselves caring for an aging loved one at some point in their lives, but the associated costs of long-term elderly care can be daunting, potentially throwing your own retirement and savings goalsContinue Reading
How to Use a 770 Account to Grow Your Wealth
770 Accounts have been getting a lot of hype over the past decade. But what exactly are they? And can a 770 Account really help grow your wealth? What is a 770 Account? A 770 Account is a dividend-paying whole life insurance policy uniquely structured for cash value. It’s namedContinue Reading
Is Your Life Insurance Employee Benefit Enough?
With unemployment at an all-time high, you may have found your income and any associated employee benefits—including life insurance—significantly changed from what they were 6 months ago. Whether you lost a job, have recently started a new job, or are on the hunt for employment, here’s what you need toContinue Reading
What Are Paid Up Additions (PUA) In Life Insurance?
The paid-up additions (PUA) rider is a unique additional insurance feature that is available to you when you buy whole life insurance. To understand how a PUA rider works, let’s first talk about what riders are and how they compliment an insurance policy. Key Takeaways There are many types ofContinue Reading