Understanding how life insurance is an asset that grows wealth

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

key person insurance

What is Key Person Insurance? Also known as “Key Man” Insurance, or Company Owned Life Insurance (COLI), it is a type of life insurance that provides coverage for vital individuals of a business. Who is Considered a Key Employee? The employees designated as “key” are solely determined by the business.Continue Reading

guaranteed insurability rider

By definition, “insurance” is a contract that provides financial protection against loss. Whether it’s loss of property, a job, health, even a particular skill or unique characteristic (Betty Grable’s legs, Bruce Springsteen’s voice, etc.). One factor that plays a role in the selection of insurance is one you cannot preventContinue 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

You’ve heard the old saying that “Cash is King.”  Those who have the cash, make the rules, it says.  Well, today, let’s use that idea to talk about the concept of “Cash FLOW as King!” Why Your Cash Flow is so Important  Cash flow dictates your financial reality and yourContinue Reading

Why a Banking Policy Trumps a 401(k)

“If I were to start over from scratch today with what we know, I’d probably blow up the existing structure and start over.” –Ted Benna, Father of the 401(k) Quite a powerful realization, but because so many individuals are pushed into using the qualified plan for retirement, they don’t realizeContinue Reading

Doctors, dentists, counselors, and life insurance agents. They all have something in common; there are key factors that need to be present before we officially select one. A recent consumer poll provided that 79% of consumers asked their family and friends for insurance agent referrals. And 69% asked colleagues andContinue Reading

What is the Central Bank? Surprisingly, a lot of people don’t know what the central bank actually is. Currently, the central bank is the Federal Reserve System that provides services for the United States’ banking system, monetary policy, and issuing currency. When and Why did the Central Bank Begin? The CentralContinue Reading