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 business 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
How to Pay Your Policy Premium
Job uncertainty is at the highest it’s been since the Great Depression due to stay-at-home orders and the economic shutdown brought on by the coronavirus. Many life insurance policyholders are wondering how to pay their premiums. It might be tempting to let your policy lapse when you’re financially struggling, butContinue Reading
COVID-19 and Life Insurance
The effects of COVID-19 on life insurance companies and their policyholders is the number one question our Wealth Strategists have been addressing over the past several weeks. Our most common questions include: How does COVID-19 affect my whole life insurance policy? Do mutual life insurance companies have the funds toContinue Reading
Generational Wealth: How to Leave a Lifetime Legacy
Wouldn’t it be great to inherit a small fortune? How about being able to pass down your fortune from generation to generation? For many, being able to leave a sizable trust fund, piece of property, or inheritance is the sign of a life wealthily lived. It’s human nature for usContinue Reading
Working From Home: Here Are the Basics
More people now than ever are working from home, due to the spread of the coronavirus. Businesses are increasingly accommodating their employees by offering ways to work remotely, and you may have questions about getting set up remotely if you have never worked from home before. Here, we outline theContinue Reading
Does Working From Home Really Save Money?
How does working from home save money? Will it be better or worse for your budget? In this article, we’ll break down the pros and cons of telecommuting. PROs of Working From Home You save money on lunch and coffee expenses. Sure, you can make coffee and lunch at home,Continue Reading
Webinar Q&A: Financial Certainty in Uncertain Times
If you didn’t have a chance to register for Paradigm Life CEO Patrick Donohoe’s live Q&A webinar on Friday, April 3, or if you’re looking for a refresher course on the topics discussed, here is a summary of the questions asked and Patrick’s answers. Financial Certainty in Uncertain Times Q&AContinue Reading
Fixed Indexed Annuities for a Secure Retirement
Fixed indexed annuities are insurance products that protect your hard-earned money and preserve your investment gains. These concepts are being put to the test right now. The Stock Market recently experienced the fastest decline in value since the Great Depression. It’s been quite a financial punch to the gut forContinue Reading