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
Understanding Why Life Insurance Is an Asset
Whole life insurance can play a pivotal role in your wealth strategy and is a valuable piece of a balanced financial portfolio, but many people don’t understand the full spectrum of benefits whole life insurance offers or why life insurance is an asset. In this article, Wealth Strategist Bryan McCloskeyContinue Reading
Long Term Life Insurance: Hybrid Policies Defined
Long term life insurance often refers to long-term care insurance or permanent life insurance, but with a hybrid policy, it can be both. If you have long term life insurance needs, find out how a hybrid insurance policy can provide lifetime, permanent coverage that is customized to fit your needsContinue Reading
Variable Life Insurance & Investing Cash Value
Variable life insurance is one of several types of permanent life insurance that come with a built-in savings component called cash value. On paper, it offers policyholders the best of both worlds: life insurance with a death benefit payout for beneficiaries and money that can be invested similar to aContinue Reading
Is Life Insurance Taxable?
Tax advantages are one of the main reasons individuals decide to purchase whole life insurance over other insurance products, but it’s important to understand how taxes and life insurance work together. Which components of a life insurance policy are taxable and how can you use life insurance to pay lessContinue Reading