deciding on straight life policy

A straight life insurance policy is one of the oldest types of insurance. It’s been used for centuries to grow and protect policyholders’ money—and not just by the wealthy. Straight life policies have many benefits not found in other types of life insurance, like universal life, variable life, term policies,Continue 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

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

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

money in motion

Money in motion tends to stay in motion. Keeping money in motion by moving it through assets is how you generate wealth. It’s not about saving piles of money in various accounts accompanied by strict limitations. It’s about leveraging money and multiplying its use for your profit. Whole life insurance helps you multiply your money andContinue Reading

Financial responsibility

Financial responsibility comes in many forms and is important for a multitude of reasons. When we are accountable for something within our control and management, such as money, it becomes our responsibility. Having money requires us to take financial responsibility for how it is managed, how it is spent, and howContinue Reading