We’ve long argued that many of the scare tactics used to dissuade people from universal life insurance products are very heavy-handed. The “evidence” exists mostly as anecdotes concerning “I know someone who knows someone who” once owned one of those products and bad things happened. For the most part, bad things involve a requirement to contribute additional …
With the Fed’s ongoing battle with inflation, we’re now seeing interest rates that haven’t existed in a few decades. Many of us can’t remember a time in our adult lives when the cost of money was so high. Not surprisingly this is forcing some changed behavior when it comes to borrowing money. We started the …
Whole life insurance can play an important role in your retirement income planning. This statement might go against the grain of advice you see offered by investment salespeople, but I think we’ve displayed ample examples over the past decade that whole life insurance not only works as a retirement income tool, but it accomplishes the …
Back in July of this year, Forbes published an article that sought to “Sound the Alarm on Indexed Universal Life Insurance.” Here’s the article if you wish to reference it. The article, like all the others that came before it, makes multiple misstatements and peddles a lot of half-truths about universal life insurance. We’re going …
When looking at universal life insurance–especially in the context of its ability to accumulate cash value–and comparing it to other life insurance products like whole life insurance, people often note that it appears to have much lower guarantees. In fact, here’s an excerpt from an indexed universal life insurance proposal that highlights said low guarantee:Now, …
Life Insurance used to generate retirement income is a slightly more advanced subject within the world of life insurance and financial planning. The stock jockeys hate it, and the life insurance agents love it. No surprise there. But is there something that life insurance brings to the table that is truly special? Or are you …
I’ll be honest with you—writing this post makes me feel a bit like Jack Nicholson’s character in the movie “A Few Good Men”. Remember when Nicholson is being questioned by Tom Cruise in the most memorable scene from the movie and Cruise is demanding the truth? Nicholson replies, “You can’t handle the truth!” So, what …
When you read or hear the words tax shelter it probably doesn’t conjure images of using whole life insurance. But whether or not whole life is actually a tax shelter depends on how you define it more than anything. It’s not a tax shelter in any sort of the more shady ways that people discuss …
Universal life insurance is characterized by its flexibility and transparency of expenses. Unlike whole life insurance, where expenses operate under the cloak of proprietary information, we can easily call up the expense breakdown of universal life insurance policies and see exactly where the money goes. For universal life insurance policies, expenses fall into four main …
With news sources reporting every higher inflation measure–and ample signs of prices increasing across the country–it’s understandable that many people are seeking ways to personally combat the effects of inflation on their lives. The Infinite Banking crowd appears ready to pounce on this topic and celebrate their ethos as the solution to the problem. Philosophically, …