The Guardian Life Insurance Company of America has announced its plans to pay $784 million in dividends to its participating policy holders in 2015. This will make the dividend rate for 2015
Brandon Roberts
7 Reasons to be Wary of Indexed Universal Life Insurance? A Response to Bank on Yourself
Pam and friends over at Bank on Yourself® released a blog post detailing the reasons to be wary of Indexed Universal Life Insurance complete with a video to further emphasize their point.
It comes as little surprise that a marketing program that seeks to help insurance agents sell more whole life insurance would work to demean indexed universal life insurance, but what is surprising is the sheer lack of honesty.
There are a number of over-the-top claims with zero supporting evidence, so we’ll discuss all seven reasons to be wary of indexed universal life insurance.
Top Whole Life Insurance Carriers for Cash Accumulation 2014 Edition
When considering the best whole life insurance for retirement savings or any other derivative dealing with cash balance focus (e.g. Bank on Yourself®/Infinite Banking®, collateral assignments, retirement income, etc.) it’s vital to pick a product and a carrier that can best accommodate this goal.
Whole life insurance can be an excellent choice for accumulating cash on a tax deferred and even tax free upon distribution strategy, but one small detail most insurance agents/brokers tend to forget to mention is the fact that not all whole life insurance contracts are created equally.
And since we spend a great deal more time than the average agent/broker planning, designing, and implementing policies for this very purpose, we’ve taken to rolling out a winners list each year based on our experience and knowledge of the industry’s offerings.
Proper Assumptions about Indexed Universal Life Insurance Income
Using indexed universal life insurance for retirement income comes with a certain degree of skill and responsibility that shouldn't be overlooked. The liberty an agent or broker can exercise over assumed interest rates means that we need to seriously test our design and proposed ideas to ensure proper expectations as it relates to policy performance.
Unfortunately, this responsibility sometimes goes unchecked and a few bad eggs have presented and sold policies with lofty expectations that may one day become serious disappointments as it relates to the income producing capabilities of these products.
Remember–many people are looking to use indexed universal life insurance to create tax-free income at some point in the future by making use of policy loans.
Breaking News: Northwestern Mutual Announces 2015 Dividend
The Northwestern Mutual Life Insurance Company announced its 2015 Dividend. Total dividends paid will increase by roughly $300 million to $5.5 billion and the dividend interest rate on whole life insurance
Breaking News: MassMutual Announces 2015 Dividend
The MassMutual Life Insurance Company announced its 2015 dividend. Citing the fact that this will be the 17th year the Springfield, MA based insurer has paid over $1 billion in dividends to its participating policy holders.
The exact dividend payout will total $1.6 billion in total representing a $92 million increase over last year and the dividend interest rate will be
Average 401k Returns: The News is not so Good – Average Rate of Return on 401k
Back in the Spring of this year, good news came out of CNBC regarding average 401k returns when they published an article titled Big Surge in 401k Balances, but Workers still not Saving Enough. The news out of this article was that the average 401k balance had grown $42,400 or nearly doubled from five years ago. Sounds great and it looks like Americans achieved a super awesome return on their 401k balances (finally).
Only, it didn’t happen that way.
10 Things Life Insurance Agents Won’t Say: #4 Variable Annuities are Just Expensive Mutual Funds
Next up on the Market Watch exposé is a discussion about variable annuities, their expenses, complexity, and lack of any uniqueness compared to other investments options—or at least that’s what someone would like you to believe.
Indexed Universal Life Insurance: The White Coat Investor Responds
Last week we published a critical piece regarding a recent review of indexed universal life insurance that showed up on Jim Dahle’s website The White Coat Investor. Jim took our criticism seriously and on Friday of last week published a lengthy reply.
Based on the time Jim has taken to address this, I felt it was necessary to offer up some additional thoughts, and even a small critique on his attempt to rebut my biggest criticism of his original work.
Ten Things Life Insurance Agents won’t Say: #3 Your Child doesn’t Need Life Insurance
Life insurance for children is a topic I’ve discussed in the past, a few times. And while I mostly agree that a lot of agents (and consumers) often get things backwards in terms of what, how, and even if this should be done. Categorically declaring against it is neither helpful nor heroic.
This is the third item on the Market Watch piece; let’s set the record straight.
