Brandon Roberts 
The key difference between a life insurance broker and a life insurance agent is the employment arrangement with an insurance company. Brokers do not have an employment arrangement with an insurance company and have no authority to act as a representative of the company. Brokers merely act as relationship middlemen matching prospective insurance buyers with …
Buying whole life insurance for your children seems like a good idea. It acts like a savings account you set up for them that one day they can use and take advantage of the cash value in the policy. But there are several logistical hurdles to juvenile life insurance that you need to understand before …
Keep ReadingIs Whole Life Insurance a Good Investment for a Child?
A second to die policy or survivorship life insurance is a life insurance policy that insures two lives and pays a death benefit once both insureds die. This type of life insurance costs far less than traditional life insurance insuring just one life. It has a specific life insurance planning application, but some agents look …
Extended term insurance is a nonforfeiture option on a whole life policy that uses the policy’s cash value to buy term insurance for the current whole life death benefit for a specified period of time. The feature primarily seeks to help those who find themselves in a situation where the whole life premium is no …
Cash value in a life insurance policy is an accumulated benefit you can use while the policy is still in force or take with you when you cancel the policy. Cash value accumulates through the payment of premiums. There are various things you can do to a life insurance policy to enhance the cash value …
Keep ReadingWhat is the Cash Value of a Life Insurance Policy?
Velocity banking is a strategy that uses a home equity line of credit (HELOC) to payoff debts instead of traditionally paying down debts simply with the money that you earn each month. Advocates for velocity banking claim that using it will help you reduce/payoff your debts much faster and greatly minimize the interest that you …
Life insurance dividends benefit from special tax treatment that make them largely non-taxable. This being said, there are some circumstances that can make the dividends paid on life insurance policies taxable. Today we’ll walk you through both the non-taxable and taxable circumstances most commonly found for individuals receiving dividends on their life insurance policies. Refund …
As its name implies, dividend paying whole life insurance is a form of whole life insurance that earns a dividend from the insurance company that issues the policy. The official insurance term used to identify a dividend paying whole life policy is “participating” because the policy participates in the divisible surplus (i.e. profits) of the insurance …
The best whole life insurance policy for infinite banking® is one that uses the most optimal design for the accumulation of cash value. Today I’m going to walk through this as well as guide you on some other important factors concerning any plans you might have to purchase a whole life insurance policy to implement …
Keep ReadingThe Best Whole Life Insurance Policy For Infinite Banking
When a term life policy matures the original premium payment agreement expires and now the policy owner must either pay a higher premium or find another life insurance policy. The overwhelming majority of term life insurance policies issued today are level term policies. These policies have a guaranteed level payment period. Maturity occurs at the …
