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
Life insurance is, usually, purchased to provide financial support for your family upon your death. A pre-arranged sum of money is disbursed to your loved ones to be used in any way they choose—from paying off your mortgage, student and auto loans, and taxes, to replacing your income for theContinue Reading
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
What is Cash Flow Banking? Cash flow banking is a concept that allows you to capture the opportunity cost of your dollars. It lets you be your own bank and earn interest on yourself. This is most commonly achieved using dividend-paying whole life insurance. Whole life insurance is used because it’sContinue Reading
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 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
Limited pay life insurance is for an individual who owns a whole life insurance policy but chooses to pay for the total cost of their premiums for a limited number of years. With the limited pay life insurance option, you pay premiums in the first 10, 15, or 20 yearsContinue 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
Cash Value Life Insurance vs. Banks Business owners and managers alike understand the importance of having liquid capital to support growth. Though money for a business is necessary, often times finding it or borrowing it can be difficult and stressful. There is one strategy, used by many businesses, which provides easy capital—cashContinue Reading
Many small or medium sized business owners don’t know how beneficial a whole life insurance policy can be to a successful company. The truth is, regardless of size, all business owners need whole life insurance. It can help businesses break free from traditional bank loans, benefit their employees, and earnContinue Reading