Earlier last week, Ohio National Life announced that its board of directors approved an acquisition transaction. If approved, the company will demutualize and become a stock owned-subsidiary of Constellation Insurance Holdings, Inc. out of Canada. Ohio National announced that this transaction will strengthen the company’s financial position, enhance its market position, and give it the …
With inflation discussions ramping up and the Fed appearing open to a new policy on inflation metrics, we wanted to address the topic of its impact on insurance. While there is no evidence today that exceptionally high inflation is headed our way, we might see moderately higher price level increases versus the past several decades …
Living Balance Sheet® is a financial planning platform created by the Guardian Life Insurance Company of America. Guardian makes the software exclusively available to its career salesforce. Living Balance Sheet purports to help both individuals and business owners organize their financial lives, uncover uncommon knowledge, and provide correct advice that traditional financial planning often gets wrong. …
Paid-up additions are the way to add significant value to a whole life insurance policy. Used as both an elective rider and a dividend option, this unique feature of whole life insurance will deliver the best bang for your buck with respect to cash value accumulation. It will also add significantly to your outstanding death benefit …
Sometimes you see or hear about rules and you might think “man I’d like to know the story that led to this.” Within the financial services industry, we have lots of rules. Rules that are intended to protect people from unscrupulous salespeople and also rules to help protect people from themselves. We have rules about …
A life insurance dividend is a non-guaranteed payment from the insurance company to the policy owner representing profits the company earned during the policy year. Insurance companies often view dividends as a sharing of the surplus created by their insurance activities among policyholders whose insurance contracts generate profits beyond the insurer’s expectations. A dividend also …
Back in 2015 we published this blog post detailing a scenario looking at whole life insurance as an alternative option to buying bonds. The details for the individual who approached us included a desire to invest a sum of $500,000 into bonds, so we looked at how we could best deploy that cash into a …
Imputed income is the recognization of a benefit received for which the recipient did not pay. When it comes to life insurance, imputed income occurs when someone receives coverage through his/her employer where the individual does not pay for the coverage. Internal Revenue Code 61 stipulates most of the rules for imputed income. Imputed income …
Indexed universal life insurance (or IUL) can be good for retirement because it protects your savings from stock market crashes. It also has the potential to earn more than a whole life insurance policy. IUL is able to accomplish this slightly higher return potential because it uses index accounts that are linked to the movement …
Most people that are asking about converting funds in their 401k over to a whole life insurance policy are looking for one thing—to convert money that will be taxable at some point (tax-deferred) over to dollars that are tax-free. You can make the conversion but not directly and not without paying taxes. For decades, it …
