Category Archives for Insurance Pro Blog Podcast

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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The Definitive Discussion on Whole Life Insurance Dividend Recognition

Whole life insurance dividends are a fun subject we discuss quite regularly.  But a more obscure and advanced topic on this subject is the way life insurer adjust dividends (if at all) whenever a policyholder

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Buy Term and Invest the Difference Is Still Broken

Buy term and invest the difference is an academic argument that suggests you should skip the “expensive” whole life insurance et. al. and instead by “cheap” term insurance.  You

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New York Issues Warning on Universal Life Insurance

We've all seen articles chronicling the woes faced by policyholders who own universal life insurance.  The names change, but the theme tends to remain the same.  Joe insurance purchaser bought a universal

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Is it Better to Work with the Largest Life Insurers?

Buying whole life insurance or universal life insurance as a cash accumulation tool or even because you want a permanent death benefit requires you to make a long term commitment to the life insurer. 

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Overfunded Life Insurance

Overfunded life insurance, what on earth is that?  I hear you cry out.  Perhaps you ran across the concept mentioned briefly somewhere on the internet.  Or maybe someone suggested that you buy an overfunded

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Life Insurance Commission: A Great Evil According to the Internet

Few subjects related to life insurance cause more hot-tempered debate than life insurance commission.  Some believe it's an evil incentive that encourages agents to push “expensive” products

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Cutting Whole Life Insurance Expenses Means Cutting Whole Life Insurance Guarantees

In most interactions with prospective clients who are interested in exploring a whole life policy, there's often a conversation that arises about life insurance guarantees. Given that most of the general

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Reducing Whole Life Insurance Dividends When Running Illustrations

For years, insurance agents, companies, and purchasers have looked at hypothetical ledgers that delineate future policy values in an attempt to articulate policy functionality and understand how one policy's

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IPB 136: Leaving One Life Insurance Company for Another

No one wants to quit or be forced to change the primary life insurance company that they are writing business with. Unfortunately, there are times when it is unavoidable…either because the company

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IPB 135: The Ohio National Variable Annuity Episode

Ohio National officially closed its VA biz and cut trail commissions (fees?) owed to B/D’s and brokers on December 13th, 2018 for any VA sold with a guaranteed minimum income benefit. We don’t know

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IPB 134: Holistic Financial Planning is Poised to Win Big

To kick off the new year, we are raising the white flag.  We have to concede a position we've long held because consumer sentiment appears to overwhelmingly head in the opposite direction.  For years,

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Why don’t more Financial Advisors Sell Life Insurance?

The holiday season now firmly has its grip around many of us and since we opted not to produce an end of the year podcast that answered questions we receive from various readers and listeners, I figured

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Whole Life Insurance Rates: What’s the Cost of Waiting to Buy?

You are never going to pay less for whole life insurance than the amount you will pay this year.  Whole life insurance rates become dramatically more expensive (actual dollar cost and the cost of lost

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