I appreciate creativity. When I first started selling life insurance, I spent hours studying the product. Prodding it in various ways to see what it did. When I happened upon a few tricks I could use to manipulate whole life insurance to produce more cash value, I figured I simply arrived at an understanding others …
Some say that whole life insurance only makes sense for the ultra-wealthy. Believe it or not, one of the top-ranked websites for personal finance makes this claim about whole life insurance, “…such policies usually only make sense for individuals with a net worth of at least $11.4 million” (estate tax exemption threshold). Uhhh…not sure how …
If I had to pick one, and only one, additional feature of whole life insurance, it is hands down the paid-up additions feature. Even if I lose the ability to blend death benefit, if I still have the PUA feature, I’m in a position to augment policy value. This very special aspect of whole life …
According to a recent article penned by Leslie Scism at the Wall Street Journal, “sales of a life-insurance policy tied to the longest bull market in U.S. history are soaring.” There’s a lot to unpack from that statement. But that’s the opening statement and it gives you a taste of what you can expect if …
Industry chatter about indexed universal life insurance spans a wide spectrum of woohoo! and boohoo! Regardless of your position on the product, the one apparent consensus is: the product is on fire! Sales for indexed universal life insurance are up up UP! And if I end one more sentence with an exclamation, you’ll probably want …
You don’t have to look far on the interwebs to stumble upon a blog post, video, or infographic that throws a little shade at indexed universal life insurance. The product is attacked relentlessly by both the “never-insurance” crowd and the “whole life insurance is the answer to everything (aka Nelson Nash posse)”. I never thought that …
When people ask us, “why buy whole life insurance?”, our standard answer, though much wordier in conversation–because mainstream financial advice has failed you. Following the most popular advice from the investment industry and from the financial talking heads that frequent CNBC, the Wall Street Journal and Yahoo Finance will likely leave you confused. Most of …
The other day I was part of a conversation with another agent about Indexed Universal Life. The conversation was more of a challenge to my position that, like whole life insurance and current assumption universal life insurance, indexed universal life deserves just as much credit for being market neutral and falling into the alternative investment category …
In April of 2015, Consumer Reports published a report on life insurance titled: Is Whole Life Insurance Right for You? The report used the subtitle: Follow our Advice to Assess this Most Misunderstood Coverage. I’ll get right to the punchline, Consumer Reports recommended against whole life insurance. That fact is not surprising. Nor is it a surprise that several …
