Building Family Wealth in 10 Proven Steps
Building family wealth is a common financial goal among parents, especially with rising education and housing costs burdening many grads with hefty student loan and mortgage debts. Unfortunately, most individuals are unsure where to start when it comes to creating a lasting financial legacy. Building family wealth isn’t an optionContinue Reading
Cash Surrender Value of Life Insurance Explained
Permanent life insurance policies that accumulate cash value are meant to be, well, permanent. But sometimes financial priorities change, budgets shift or income fluctuates to a point that you may decide your insurance policy is a financial tool you no longer need. Fortunately, unlike most term life insurance policies, whichContinue Reading
How Buying Life Insurance for Parents Benefits You
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
Permanent Life Insurance for Perpetual Wealth
Permanent life insurance may not be something you’ve considered as a tool for growing and protecting wealth, but it’s become more popular in recent years. In fact, a 2020 LIMRA study revealed 51% of policyholders own permanent life insurance. As more and more people begin to learn about the livingContinue Reading
The Accidental Death Benefit Rider: How to Double Your Insurance Payout
The primary function of most life insurance is to pay out a death benefit to your loved ones when you pass away. But what if your insurance policy paid out more, depending on how you die? What if your insurance company paid out double the face value of your policyContinue Reading
When a Life Insurance Investment Makes Sense
“Is life insurance an investment?” Ask a financial planner this question and you’ll get varied responses. The truth is it depends on the type of insurance you buy. Some insurance policies come with built-in components that are either tied to investment options or function as investments. But are these typesContinue Reading
How a Waiver of Premium Rider Protects Your Insurance Policy
A waiver of premium rider may be one of the smartest options to consider before you buy life insurance. But what is it, who needs it, and how much does it cost? Here’s everything you need to know about a waiver of premium rider and how to decide if thisContinue Reading
Dividend Paying Whole Life Insurance Explained
Dividend paying whole life insurance can be a multi-faceted financial tool with a variety of living benefits. Unfortunately, most people don’t understand what it is, how it works, or what makes a dividend-paying policy different from a traditional whole life policy—and this lack of understanding can translate into hundreds ofContinue Reading
The Proven Passive Income Strategy Most People Overlook
A passive income strategy is not always the easiest to come by. When hearing the term “passive income,” real estate or stock market investing are often the most common strategies that come to mind. However, generating a reliable passive income stream that isn’t subject to market fluctuations involves a provenContinue Reading
Indexed Universal Life Insurance: Risk vs. Reward
Indexed universal life (IUL) insurance combines the death benefit of a life insurance policy with the cash value of an asset and the investment options of an index—plus flexible premiums—all into one product. IUL policies are sold as financial multi-tools with an array of benefits. But before you decide ifContinue Reading