Life insurance for veterans is one of many benefits offered to those who have served our country, but 120 days after leaving military service, you’ll have to convert your veteran life insurance policy into a civilian one or lose coverage. Too often, veterans let coverage lapse, leaving their families unprotectedContinue Reading
Overfunded life insurance can help you quickly grow wealth, especially when utilized with whole life insurance as part of a Wealth Maximization Account™. In this article, we’ll explain what overfunded life insurance is and how it works, why overfunded life insurance is used by the wealthy (and large corporations), andContinue Reading
When most people think of dividends, investment accounts and stocks come to mind. But did you know you can also earn dividends on certain types of life insurance? Dividends can be a profitable and practical way to grow your wealth. In this article, we’ll explain life insurance dividends and whichContinue Reading
Permanent life insurance policies that accumulate cash value are meant to be, well, permanent. But sometimes financial priorities change, budgets shift or income fluctuates to a point that you may decide your insurance policy is a financial tool you no longer need. Fortunately, unlike most term life insurance policies, whichContinue Reading
Permanent life insurance may not be something you’ve considered as a tool for growing and protecting wealth, but it’s become more popular in recent years. In fact, a 2020 LIMRA study revealed 51% of policyholders own permanent life insurance. As more and more people begin to learn about the livingContinue Reading
The primary function of most life insurance is to pay out a death benefit to your loved ones when you pass away. But what if your insurance policy paid out more, depending on how you die? What if your insurance company paid out double the face value of your policyContinue Reading
“Is life insurance an investment?” Ask a financial planner this question and you’ll get varied responses. The truth is it depends on the type of insurance you buy. Some insurance policies come with built-in components that are either tied to investment options or function as investments. But are these typesContinue Reading
A waiver of premium rider may be one of the smartest options to consider before you buy life insurance. But what is it, who needs it, and how much does it cost? Here’s everything you need to know about a waiver of premium rider and how to decide if thisContinue Reading
Long term life insurance often refers to long-term care insurance or permanent life insurance, but with a hybrid policy, it can be both. If you have long term life insurance needs, find out how a hybrid insurance policy can provide lifetime, permanent coverage that is customized to fit your needsContinue Reading
Variable life insurance is one of several types of permanent life insurance that come with a built-in savings component called cash value. On paper, it offers policyholders the best of both worlds: life insurance with a death benefit payout for beneficiaries and money that can be invested similar to aContinue Reading