Wealth Building Strategies to Start Now if You’re Over 50
It’s never too late to start planning for retirement. Although you want to start building your wealth as early as possible, you can make a meaningful impact on your retirement income no matter how old you are. And if you thought you were prepared for retirement but your portfolio hasContinue Reading
How to Qualify for Life Insurance & Lower Your Premium
Do you qualify for life insurance? Insurability comes with a lot of misconceptions. One of the common reasons people overlook insurance, not only as a means of financial protection and certainty, but also as an investment tool is the assumption that they aren’t eligible due to a medical condition, lifestyle factors,Continue Reading
How to Build a Wealth Management Team
The decision to work with a team of financial experts to help manage wealth isn’t one most people take lightly. It requires trusting others with your financial wellbeing and hoping they have your best interests in mind. Unfortunately, not all financial experts follow fiduciary responsibility guidelines that put you, theContinue Reading
Using Key Person Insurance
What is Key Person Insurance? Also known as “Key Man” Insurance, or Company Owned Life Insurance (COLI), it is a type of life insurance that provides coverage for vital individuals of a business. Who is Considered a Key Employee? The employees designated as “key” are solely determined by the business.Continue Reading
Downsizing From Two Household Incomes to One
If you’re feeling anxiety about downsizing from two household incomes to one, you’re not alone. Due to the high cost of living—regardless of what area you’re in— and other costs like student loans and health care, many individuals feel like they need to have two incomes. However, with recent economicContinue Reading
Estate Planning 101: A Guide to Estate Planning With Life Insurance
How much thought have you given to estate planning? With recent uncertainty brought on by the coronavirus, it’s something people are thinking about a little harder these days. What happens to your unpaid debts? Who gets any properties you may own? Will your family be taken care of financially? WillContinue Reading
How to Hedge Economic Risk
When it comes to your money, you face two economic risks: Either you’ll outlive your money, or your family will be faced with unexpected bills if you don’t live long enough. Add market volatility to the mix and it’s no wonder people are so often stressed and worried about theirContinue Reading
The Cash Value of Whole Life Insurance
Whole life insurance policies have a unique feature that make them ideal vehicles for growing and protecting wealth—cash value. But how does cash value work? How does it grow? How do you access your money and what are the tax implications? Let’s break it down. What is the Cash ValueContinue Reading
5 Reasons Business Owners Need Whole Life Insurance
Many small or medium sized business owners don’t know how beneficial a whole life insurance policy can be to a successful company. The truth is, regardless of size, all business owners need whole life insurance. It can help businesses break free from traditional bank loans, benefit their employees, and earnContinue Reading
Policy Loan 101: How to Earn Interest On Yourself
Perhaps the greatest benefit of a whole life insurance policy is the policy loan feature. As your insurance policy matures, you earn interest and dividends paid into the cash value portion of your policy. Plus, when you have a whole life insurance policy structured for maximum cash value, like oneContinue Reading