Is a Straight Life Annuity Right for Your Retirement?
A straight life annuity might not be the first financial product that comes to mind when planning for retirement. A 401(k) or IRA and Social Security benefits are the most common types of retirement income we think of when budgeting for the future. However, there are several reasons why aContinue Reading
Bank Owned Life Insurance (BOLI) Explained
Have you ever wondered how banks stay profitable? Would it surprise you to learn that life insurance plays a key role in increasing a bank’s assets and reducing costs? Or that you could adopt a similar strategy for your own business or personal financial gain? In this article, we’ll explainContinue Reading
Overfunded Life Insurance: Why It Really Pays Off
Overfunded life insurance can help you quickly grow wealth, especially when utilized with whole life insurance as part of a Wealth Maximization Account™. In this article, we’ll explain what overfunded life insurance is and how it works, why overfunded life insurance is used by the wealthy (and large corporations), andContinue Reading
5 Ways to Use Life Insurance Dividends
When most people think of dividends, investment accounts and stocks come to mind. But did you know you can also earn dividends on certain types of life insurance? Dividends can be a profitable and practical way to grow your wealth. In this article, we’ll explain life insurance dividends and whichContinue Reading
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
