Indexed universal life insurance has unique features that make it resilient when change becomes necessary. And a lesson all retirees will eventually learn is their plan during retirement will require adjustments. Today I want to highlight the versatility IUL retirement planning brings to a plan specifically focused on how the product accommodates changing needs over …
NOTE: We originally published this blog post in 2021. At that time, Ohio National Announced it plans to demutualize and dramatically changed its dividend calculation for whole life insurance policy holders. Since then, the newly acquired company changed its name to AuguStar Life. The policyholder whose policy we used in this analysis decided to cancel …
Key Things to Know 10 Pay Whole Life Insurance is a policy that guarantees a death benefit after 10 years of premium payments, making it a cost-effective option for those prioritizing a guaranteed death benefit. While it offers a lower total cost for a guaranteed death benefit compared to longer-term policies, it may not be …
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 …
In a recent episode of The Insurance Pro Blog Podcast, we explored an often-overlooked investment vehicle that could potentially revolutionize retirement income strategies: closed-end funds. My special guest, Steve Selengut, shared his expertise on how these funds can be used to create additional retirement income streams. Let’s dive into the key takeaways from this informative …
A number of years ago, we stopped regularly updating various analyses we performed on the insurance industry. This, of course, brought on questions. What motivated our decision to end this practice? Was there some objective we sought to accomplish by ignoring it? Perhaps the data was no longer supporting our narrative about a strong industry …
We had a really good run with the stock market over the past 10+ years. It seemed like the market was on a nonstop race to higher and higher levels. In fact, many hobbyist investors made unimaginable fortunes by launching blogs and doling out investment advice that largely parroted the long-standing ethos of the now-deceased …
Building a substantial wealth portfolio involves strategic planning and understanding of various financial instruments. Tax-free wealth strategies are essential to this planning, offering avenues to grow your investments while legally reducing taxes. By employing tactics focusing on tax-exempt securities such as municipal bonds and considering life insurance policies with cash value components, you can enhance …
With the economic landscape changing dramatically and a “new normal” taking shape in the fixed-interest marketplace, bonds are testing a long-held–but poorly vetted–theory about safety. Ask anyone with a minor interest/proficiency in personal finance about safe assets, and you’ll likely hear something about bonds. They are the asset the investment industry offers up as a …
The world of life insurance is an ever-evolving landscape, and as a result, new products and strategies continue to emerge. Among them, indexed universal life insurance (IUL) has been garnering attention for its unique approach to cash value accumulation and premium flexibility. In this article, we’ll delve into the reasons why IUL is outpacing whole …