Tax advantages are one of the main reasons individuals decide to purchase whole life insurance over other insurance products, but it’s important to understand how taxes and life insurance work together. Which components of a life insurance policy are taxable and how can you use life insurance to pay lessContinue 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
The Fed’s tax revenue is up by a startling 14% from last year. And The Washington Times recently reported that tax revenue collected in April was at a record breaking 472 billion. However, another record breaking statistic is the amount of total taxes collected in the 2014 fiscal year, whichContinue Reading
Congratulations! You have received a clean bill of health from your doctor, you are going to enjoy life to a ripe old age! So why aren’t you celebrating? If you are like many soon to be retirees, your lack of excitement to news of longevity could be because you mayContinue Reading
Gone are the days when companies incentivized employees with a healthy pension for retirement. Now, more than ever, are Americans having to take retirement into their own hands. And apparently 36 percent of adults are not saving for retirement at all (bankrate.com). There are a few reasons why individuals todayContinue Reading
“You’re not getting old; you’re getting ready.” -Ernestine Shepherd, the world’s oldest female competitive body builder. It’s a Fact: Americans Are Living Longer According to the CDC (Centers for Disease Control and Prevention), life expectancy in the U.S. now stands at 78.8 years. Women continue to outlive men, with lifeContinue Reading
The role of life insurance for individuals and families have changed, and the demographic of policy holders has evolved. Previous generations grew accustomed to purchasing Life Insurance after or before major life events; such as, getting married, starting a family, or when one’s retirement years were approaching. However, Whole LifeContinue Reading
The news about the threat President Obama has placed on the qualified plan(s), somewhat came as a surprise. Though retirement has always been a hot topic, we knew limitations on the plans were going to come to a head sooner or later – considering how many Baby Boomers are scheduledContinue 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
