Brandon Roberts 
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 …
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 …
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 …
Whole life insurance is both good and bad depending on the need of the individual and how well whole life matches that specific need. For some people, whole life insurance is an incredible tool used to accomplish one or several goals. For others, it’s a complete mismatch and will provide little more than disappointment. By …
Whole life insurance can come across a little intimidating at first. The insurance industry has a bunch of specialized lingo and this isn’t always super clear to normal people who don’t work with life insurance every day. That said, with a little patience, and this article, you will be capable of reading and understanding your …
Provided your life insurance policy is a whole life or universal life insurance policy that has accumulated cash value, you can withdraw cash from your life insurance policy. There are a few additional details you should understand when withdrawing cash from a life insurance policy, and we’ll cover all of that in this article. If …
