Category Archives for Insurance Pro Blog Podcast

Should You Buy Whole Life Insurance

If you’ve been around long enough to read more than a couple of posts on our site or listen to any of our hundreds of podcast episodes, you probably think that’s an odd question. After all, aren’t

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Whole Life Insurance Study 2020

The Whole Life Insurance Study began as a question concerning the impact modern communication technology had on the sale of life insurance–specifically whole life insurance.  Given the freedom to

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Should You Borrow Against Your Life Insurance to Buy More Life Insurance?

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

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How to Use Whole Life Insurance for Retirement

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

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Why Paid-Up Additions Matter

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

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Indexed Universal Life Must Be Contained: It’s Getting Out of Hand

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

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Indexed Universal Life Insurance Sales Success Myth

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! 

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The End of the Insurance Pro Blog Podcast

We started podcasting seven years ago.  It seems a little crazy to me to write that.  But our first foray into the podcasting began in early September 2012 with the Financial Procast.  Here's the

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Is the Cash Surrender Value of Life Insurance Taxable?

The taxability of life insurance cash surrender value causes much confusion.  Agents often extol the tax free nature of life insurance.  But the marketing brochures often have numerous footnotes on the

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Does Whole Life Insurance Cost More than Term Life Insurance?

You might have heard that whole life insurance cost more than term life insurance. This very statement is the foundation of many arguments suggesting that term life insurance is simply a smarter financial

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Penn Mutual Suspends Sale of Life Insurance and Annuities in New York

In a statement made by CEO Eileen McDonnell and President Dave O'Malley, Penn Mutual announced it will suspend the sale of its life insurance and annuity contracts in the state of New York. The

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Please Don’t Compare Whole Life Dividends to Universal Life Interest

It's hard to figure out what life insurance policy is best.  When it comes to purchases focusing on cash value, we want an easy way to compare policies and declare a winner.  A naturally obvious way

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IUL Bonuses Pay You Double Digits?

We're no strangers to voicing our concerns about lofty indexed universal life insurance assumptions.  In fact, we were an early voice seeking to temper the returns on IUL as the product began picking

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Return of Premium Life Insurance Strategies

For most agents, return of premium life insurance likely conjures up thoughts about term life insurance.  This comes from the marketing hurrah over return of premium term life insurance now over a decade

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The Ultimate Guide to Whole Life Insurance Companies

Whole life insurance companies or life insurance companies that offer whole life insurance comprise a much smaller pool of insurers versus universal life insurance.  However, a lot of these companies

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Independent Life Insurance Broker Myth

Being an independent life insurance broker sounds like a lot of fun.  You don't work for any specific company.  You have no quotas to worry about.  Instead, you work independently and make unbiased

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Northwestern Mutual’s Dishonest Sales Tactic

Northwestern Mutual is a huge mutual life insurance company in the United States.  The company boasts an impressive policyholder count, an extremely large asset pool, and enviable profitability.  These

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Advantages and Disadvantages of Life Insurance

Life insurance comes with great benefits and a few disadvantages.  For the average person out there looking to gain a better understanding of life insurance, we put together this list of the top three

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Life Insurance Ladder, Bogus Way to Save Money?

The world of personal finance contains no shortage of tips and tricks.  Many seek out slick nuances to highlight some “cool”  idea that promises to  “save you a bundle.”  The

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What Happened to Single Premium Life Insurance?

Single premium life insurance functions just like it sounds.  You pay one single premium and the policy remains in force forever.  In somewhat more technical insurance-speak, it only takes one premium

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Whole Life Insurance Guarantees Improve Over Time

Whole life insurance guarantees serve as a constant source for discussion about life insurance and other personal finance related matters.  Some might suggest that the whole life insurance guarantees

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When Shopping for Life Insurance The Best Strategy Is to…

When shopping for life insurance, the best strategy is first to understand your objective in buying life insurance and then focus on the products best suited to meet that goal. This statement might sound

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Paid-Up Universal Life Insurance?

One of the niftiest features of whole life insurance is the option to make it paid-up at any point in your lifetime.  The reduce paid-up feature for whole life allows you to electively stop paying premiums

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How We Evaluate Life Insurance Companies

How to evaluate life insurance companies is a question that plagues both consumers and industry professionals.  Many companies love to market on ratings or a single financial metric at which they excel. But

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The Life Insurance Retirement Plan

The life insurance retirement plan isn't necessarily a specific “plan” that accomplishes a specific goal related to retirement planning. Instead, it's a “tip of the hat” to the

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Should You Cancel Your Bad Whole Life Insurance?

The decision to cancel whole life insurance is not always an easy one.  We understand this.  We've discussed this subject with numerous people.  The biggest concern is still the money already paid to

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Life Insurance Illustration: Basic vs. Supplemental Ledger

A life insurance illustration is a tool that agents use to detail the various features of a proposed life insurance policy.  These rather lengthy documents contain a lot of information and sometimes delineate

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Should I Buy Whole Life Insurance?

Should I buy whole life insurance if I'm young and have no dependents?  This is a question that we field more often than you might think, so today we want to address this question for those who might

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Whole Life Insurance as an Investment

If you spend any time looking around this site, you'll find plenty of content detailing the various features of whole life insurance.  We've detailed at length the use of whole life insurance specifically

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Annuity Buyers Can Do Better But Should They?

What drives annuity buyers?  I mean with all the negative press about the evils of annuities, what on earth possesses these people to actually pull the trigger and purchase an annuity? Let's not forget

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