the cash value of whole life insurance

What is the Cash Value of Whole Life Insurance? The cash value of whole life insurance is the contractual dollar amount the insurance company will exchange with a policy owner in the event the insurance policy is cancelled.  This same cash value is the basis by which the insurance company willContinue Reading

In the late 1960s, a musician named Edwin Starr rose to fame with a song titled, “War.” The chorus of the song is “War, what is it good for? Absolutely, absolutely nothing.” This song became a cultural song for the time period and has been popular ever since. Using thisContinue Reading

What is Whole Life Insurance?

Whole Life Insurance is for when you die, right? Though Whole Life Insurance does include a death benefit, it is only one small component of a whole life policy. Really, there are two basic functions of a whole life: the insurance component and the asset component. Both elements are importantContinue Reading

As a child I grew up on a farm in a family of 4 hungry kids. We’d get excited when Mom made cookies or some other goodies. Every couple weeks she would bake a small batch of cookies as a treat.  They always disappeared so fast. “Who ate all theContinue Reading

Protect Your Assets with Annuities and Life Insurance At Paradigm Life, our concern is not limited to how you earn, use, borrow and grow your money—we are also concerned with how you protect your money. In fact, we recognize and stress the importance of protecting ALL of your assets. ToContinue Reading

How many times have you heard that there are only two things certain in life – death and taxes?  We all seem to leave this life in the same way, and while we are alive we do everything we can to avoid taxes.  Fortunately, there is a financial vehicle thatContinue Reading

With the April 15th deadline for filing your personal income taxes looming, I figured it a good time to review the tax benefits of permanent life insurance.  While I am not an advocate of investing solely for tax reasons it’s important to understand how your investing strategy is impacted byContinue Reading

One of the primary features of a mutual life insurance company is that they operate for the benefit of their participating policy owners – not stockholders. As a result, mutual companies are making decisions today with the long-term interest of policy owners in mind. The mutual structure is the foundationContinue Reading