When it comes to life insurance, there are several options available for those seeking coverage. Two popular choices are whole life insurance and indexed universal life insurance. However, there is another option that you may have come across: variable universal life insurance. While it may appear appealing due to its flexibility and potential for cash …
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 …
In today’s fast-paced and unpredictable financial landscape, managing risk and achieving consistent returns is more important than ever. Life insurance companies have emerged as experts in this field, utilizing their vast resources and expertise to create well-diversified investment portfolios that deliver long-term value to policyholders. In this article, we will explore the factors that contribute …
When you read or hear the words tax shelter it probably doesn’t conjure images of using whole life insurance. But whether or not whole life is actually a tax shelter depends on how you define it more than anything. It’s not a tax shelter in any sort of the more shady ways that people discuss …
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 …
Fee-only insurance advisors provide advice on insurance-buying decisions free of the potential conflicts posed by commissions. Fee-only advisors receive compensation through a fee you agree to pay them for their work. In exchange for their fee, these advisors will review the facts of your specific buying situation, insurance proposals you received from agents, and make …
The guaranteed insurability riders, also known as the future purchase option, future increase option, guaranteed purchase option, or guaranteed increase option rider, allows the insured of a life or disability insurance policy to purchase additional coverage without going through a new medical exam. This rider can help an insured purchase additional amounts of insurance when …
When you retire, you have the option to continue paying for the life insurance you had while you were working or buying your own policy that is not connected to your employer at all. For most people, the type of group life insurance (offered at work) that costs almost nothing while working becomes very expensive …
You should buy high early cash value life insurance if you have a need or desire to quickly accumulate cash value in your life insurance policy. After reading that, you may be asking yourself, “why wouldn’t everyone want to grow their cash value as quickly as possible?” That’s a fair question and one with a …
Modified life insurance, also commonly modified whole life insurance, is a unique form of permanent life insurance that offers a much lower premium for the first few policy years in exchange for a higher premium after an introductory period. The spirit of this type of life insurance is budget-friendliness. The target market is families where …
