How to Avoid Taxes When Buying Life Insurance for Parents
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
How to Use a 770 Account to Grow Your Wealth
770 Accounts have been getting a lot of hype over the past decade. But what exactly are they? And can a 770 Account really help grow your wealth? What is a 770 Account? A 770 Account is a dividend-paying whole life insurance policy uniquely structured for cash value. It’s namedContinue Reading
Is Your Life Insurance Employee Benefit Enough?
With unemployment at an all-time high, you may have found your income and any associated employee benefits—including life insurance—significantly changed from what they were 6 months ago. Whether you lost a job, have recently started a new job, or are on the hunt for employment, here’s what you need toContinue Reading
What Are Paid Up Additions (PUA) In Life Insurance?
The paid-up additions (PUA) rider is a unique additional insurance feature that is available to you when you buy whole life insurance. To understand how a PUA rider works, let’s first talk about what riders are and how they compliment an insurance policy. Key Takeaways There are many types ofContinue Reading
Is a Straight Life Policy Right for Me?
A straight life insurance policy is one of the oldest types of insurance. It’s been used for centuries to grow and protect policyholders’ money—and not just by the wealthy. Straight life policies have many benefits not found in other types of life insurance, like universal life, variable life, term policies,Continue Reading
Understanding Why Life Insurance is an Asset
As a Wealth Strategist, one of the interactions I enjoy most is teaching clients how to implement a whole life policy into their everyday life. I savor these teaching sessions because typically, I receive the same excited, shocked, curious and amazed reactions when clients become enlightened to the life changingContinue Reading
Does Inflation Affect Whole Life Insurance the Same as Term Insurance?
When it comes to life insurance, most people focus on the difference in premium costs between term and whole life. On the surface, whole life can be more expensive than term insurance. But, as the saying goes, you get what you pay for. And, when you account for inflation, withContinue Reading
Economic Inequality: How to Financially Protect Yourself
Economic inequality, the unequal distribution of wealth and opportunity among different groups in America, is as prevalent now as it has ever been. The issue of equality in America has spanned generations, fueled nationwide protests, made its way to the Supreme Court, cost countless lives, won and lost elections, andContinue Reading
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