Can I Borrow Against my Life Insurance?

Can I Borrow Against my Life Insurance?

If you are looking to borrow against your life insurance you have to ensure that you have the correct type of policy and that your policy has cash surrender value.  Once you determine that you have a type of life insurance that permits borrowing and that you have cash value against which you can borrow, …

Keep Reading

Selling Life Insurance from Home

Back in 2011, when the world was very different than today, selling life insurance from home seemed like a crazy idea. How do we know? Because everyone that we spoke with about what we were doing and our idea to work with clients across the country told us it would not work. Those people would …

Keep Reading

Which Type Of Life Insurance Policy Generates Immediate Cash Value?

If you are searching for the right life insurance policy to generated cash value quickly or even immediately, you will have a couple of different options. But you should be aware that more important than the type of policy—whole life insurance or universal life insurance are going to be the two types—you need to know that policy design and funding will have the greatest impact.

You can purchase the right type of policy and not achieve the desired outcome of growing cash value immediately. The details very much matter when setting up your life insurance policy for the purpose of rapidly building cash value.

Keep Reading

Should I Work With an Independent Life Insurance Agent Near Me?

In spite of all the chaos that 2020 has brought to the table and the ensuing shift to most people doing business in a virtual world, there are still many people searching and wondering if they should work with an independent life insurance agent that lives close by. There are some people that really like to have a face-to-face, in-person experience with their life insurance agent. We get that and we always enjoy meeting our clients in person when possible.

But since 2011, we've used the internet to reach people in a way not possible a few decades ago.  We started doing this for two reasons:

Keep Reading

Everything you Ever wanted to Know about Life Insurance Underwriting

Life Insurance Underwriting

The life insurance underwriting process can appear intimidating.  There's a lengthy application where you'll disclose a lot of deeply personal information, and then you have to wait to find out if the insurance company even wants to do business with you.

Much like applying for a mortgage, the process can be a little nerve-wracking.  But probably the most intimidating part of the entire process is simply not knowing what to expect.  That's exactly why we put together this guide to help you understand the process.  With this, you can face the life insurance underwriting process head on and limit surprises in the process.

Keep Reading

How Does No Exam Life Insurance Work?

If you have ever applied for life insurance in the past, you probably remember having someone come out to your home or office to ask you intrusive medical questions, take blood and a urine sample. But nowadays, you can actually get a no exam life insurance policy or non-medical life insurance policy. Different names for the same thing.

You will typically pay a bit more for your coverage than you would if you went through the hassle of subjecting yourself to a full paramedical exam. But for most people, the prospect of having an examiner come into their home or office to take some blood, a urine specimen, and ask a ton of invasive questions is a deal-breaker.  And I completely understand.

Keep Reading

Buying Life Insurance for your Parents

Buying Life Insurance for your Parents

We often think about buying life insurance for ourselves, our spouses, or our children, but sometimes you may find yourself in a situation where you worry about a parent and the expenses that might come up upon their death.  Additionally, the advancement of life insurance with living benefits creates a whole new financial planning strategy …

Keep Reading

Should You Maximize Your Pension Income?

Pension maximization refers to a specific retirement planning technique that can be used by couples to weigh possible pension payout options. You can also consider these options to be annuitization options as they are quite similar to what you will find in a single premium immediate annuity, like the ones I referred to in this article on creating your own pension.

So you've been slaving away for the past 30 years at your post and now that day is in plain sight.  What day is that?

Keep Reading

What’s Your Budget for Whole Life Insurance?

Asking someone about their budget for whole life insurance may seem odd like the conversation is starting from the end first. Typically speaking, most agents start with identifying the client’s need for a particular death benefit amount. But what if the desired outcome for the client is to grow cash value as quickly as possible? …

Keep Reading