Velocity banking is a strategy that uses a home equity line of credit (HELOC) to payoff debts instead of traditionally paying down debts simply with the money that you earn each month. Advocates for velocity banking claim that using it will help you reduce/payoff your debts much faster and greatly minimize the interest that you …
The best whole life insurance policy for infinite banking® is one that uses the most optimal design for the accumulation of cash value. Today I’m going to walk through this as well as guide you on some other important factors concerning any plans you might have to purchase a whole life insurance policy to implement …
Whole life insurance can come across a little intimidating at first. The insurance industry has a bunch of specialized lingo and this isn’t always super clear to normal people who don’t work with life insurance every day. That said, with a little patience, and this article, you will be capable of reading and understanding your …
The periodic table of investments is a quick view of how varying asset classes performed year-over-year. Started by the Callan Institute, back in the late 90’s the periodic table method of comparing asset classes gained wide expectance as a key way to visualize how various asset classes rank against one another. Additionally, several asset managers/mutual …
Life insurance with living benefits offers access to a portion of the death benefit while you are still alive provided you meet the criteria defined in the policy. The purpose of living benefits on life insurance is to provide money for you and your family during a significant health-related situation. The three distinct living benefits …
Whole life insurance, and other forms of cash value life insurance, enjoy numerous tax benefits that make them sought after financial products. These benefits can be found among other financial tools, but together they represent an impressive package of tax-friendly features well worth a look. These combined benefits become especially interesting to Americans in higher …
There is a lot of information on the internet suggesting that whole life insurance is a scam. The product itself is not a scam but there are multiple ways it can be implemented, designed, and sold. The bottom line is that if you pay the premium and the policy is in force when you die, …
A couple of weeks ago, we addressed a suggestion that whole life focused insurers are more conservative investors who seek out specifically guarantees when they make their investment decisions. We tested this theory with a comparison looking at the investment profiles of Northwestern Mutual (the number one issuer of whole life insurance in the United …
Whole life guaranteed cash value is an often overlooked and very powerful aspect of the use of whole life insurance as a wealth-building tool. The fact that a financial intermediary is willing to guarantee a value you can walk away from them with all the while promising to pay a substantially larger sum to your …
A week or so ago we received an email from someone who wanted our opinion on a YouTube video put together by an insurance agent. The video, titled The Dangerous Truths about Indexed Universal Life Insurance, came from Caleb Guilliams. I don’t know Caleb personally, and I’ll confess that I don’t much about his insurance …
