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

Whole Life Insurance and A La Carte Options

Every whole life insurance policy has an a la carte menu of different add-ons you can put onto the life insurance product.  These “add-ons” are known as Riders. When creating a cash-rich policy, the Paid up Additions rider is a necessary component.  What are paid up additions? How does oneContinue 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

MEC stands for Modified Endowment Contract. By law, the Internal Revenue Service limits the amount of cash value that can be accumulated in a life insurance policy. The amount of cash value must be relative to the amount of death benefit that the policy purchased. If the cash value andContinue Reading

“Any fool can make a fortune; it takes a man of brains to hold onto it,” Commodore Vanderbilt, Fortune’s Children: The Fall of the House of Vanderbilt (Forbes.com). Though Vanderbilt amassed one of the greatest fortunes during The Gilded Age– $300M in today’s standards- by the late 1940s, the family’sContinue 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