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
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
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 because it’sContinue Reading
Limited pay life insurance is for an individual who owns a whole life insurance policy but chooses to pay for the total cost of their premiums for a limited number of years. With the limited pay life insurance option, you pay premiums in the first 10, 15, or 20 yearsContinue Reading
Cash Value Life Insurance vs. Banks Business owners and managers alike understand the importance of having liquid capital to support growth. Though money for a business is necessary, often times finding it or borrowing it can be difficult and stressful. There is one strategy, used by many businesses, which provides easy capital—cashContinue Reading
Buying life insurance can bring up a lot of questions. Whether you are meeting with a life insurance agent for the first time or have been considering a policy for a while, here are the top 5 most common questions asked when buying life insurance: How much is it going to costContinue Reading
S.O.S. is the international distress signal and it more than applies to why you should rescue yourself from relying on volatile, market-dependent IRA and 401K accounts. There is something better, the Infinite Banking Concept (IBC). This is the tool you need to take control of your financial life as quicklyContinue Reading
The Federal Death Tax Explained Never has a single tax been as notorious as the Death Tax, properly known as the Federal Estate Tax. The IRS defines this tax as “a tax on your right to transfer property at your death.” The controversy surrounding the Death Tax spans from thoseContinue Reading
Just like Warren Buffet says, “Be fearful when others are greedy, and greedy when others are fearful.” This couldn’t be a truer and more relevant statement for everyone in the U.S. economy right now. Interest rates are on a steady rise and the recession seems to be getting under control,Continue Reading
The summer season brings many things to our existence – family picnics, fireworks, BBQ’s, vacations, and college. Though college is a noble aspiration and we want our kids to attend, it is often accompanied with this sincere question: How are we going to pay for it? According to Sallie Mae,Continue Reading