Category Archives for Life Insurance

How Does Whole Life Insurance Work

Whole life insurance dividends have long mystified both consumers and agents. We know that once per year, the mutuals and other companies that issue participating whole life insurance release press releases

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Breaking News: Northwestern Mutual Announces 2014 Dividend

Northwestern Mutual has announced that it plans to pay $5.2 billion in dividends to participating policy holders next year. This represents an increase of the total payout over last year of roughly $200

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Breaking News: MassMutual Announces 2014 Dividend

MassMutual announced its plan to pay $1.49 billion in dividends to participating policy holders in 2014. This will be the largest total dividend payout the company has made in its 162 year history. We

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Flexible Paid-up Additions Riders: When a Paid-up Addition is not just another Paid-up Addition

Paid-up Additions are a crucial component to whole life insurance when someone wants to focus on cash value accumulation. In fact, we declared the rider–the magic of cash value life insurance a

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Top Indexed Universal Life Insurance Carriers for Cash Value Accumulation

Indexed universal life insurance is the product that can rival participating whole life insurance for cash accumulation and income strategies. It’s risk profile is similar, and it brings even more flexibility

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10 Pay Whole Life Round Up: Who is the Best

10 pay whole life insurance is a straight forward product. An insured/policy holder makes 10 payments to the contract and after that the policy is guaranteed paid up forever and always. Not surprisingly

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The Truth About Universal Life Insurance

Following up on our post from last week about whole life insurance we figured we’d give equal time to another product that is probably more mis-represented than any other life insurance product available,

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Whole Life Insurance Myths Busted

Whole life insurance has a pretty wild reputation around the interwebs. There are those who would have you believe it’s the devil seeking to ruin your financial affairs, and others—like us—who believe

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Is Your Agent a Practitioner or a Rockstar?

Most insurance agents and investment salespeople are taught that the secret to success But despite the flaunting, which admittedly reels some people in, I’ve discovered that most people still appreciate

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Can you “Bank” on Universal Life Insurance?

Bank on Yourself® and the Infinite Banking Concept® are well known selling systems that promote whole life insurance, but can we apply the secret sauce of these ideas to universal life insurance as well

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Top Reasons for Owning Cash Value Life Insurance: #1 Liquidity

Today we’re going to discuss what I have always felt was the best reason to have money in cash value life insurance and use it as part of your financial strategy. This may seem counter-intuitive. It

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Top Reasons for Owning Cash Value Life Insurance: #2 Leverage

Finance is a funny topic. For some it means little more than buying some low cost index funds and not accumulating massive amounts of debt. For others it’s mostly about contributing to a 401k or traditional

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Fixing the Internet: Why Whole Life Insurance is NOT a Bad Investment

The “is whole life insurance a bad investment?” discussion is a great example of the classic advice we were given when the internet was a fairly new phenomenon and we had only just begun to

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Top Reasons for Owning Cash Value Life Insurance: #3 Market Neutral

Market neutrality à la diversification is a subject that often baffles the average financial or investment consultant. My sneaking suspicion has been that this is a result of training focused specifically

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Life Insurance Awareness Month: What Happens When Someone Dies

It’s September, which means it’s also Life Insurance Awareness Month aka LIAM. When asked what we planned to do for LIAM we just sort of laugh. We talk about life insurance on a daily basis, so we’re

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Top Reasons for Owning Cash Value Life Insurance: #4 Taxes

Cash value life insurance and taxes is a conversation that usually goes hand in hand. You see, life insurance and taxes are old friends—kind of like how Alexander Hamilton and Aaron Burr were old buds. So

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Is Whole Life Insurance like a Roth IRA?

I want to start today’s discussion about whole life insurance and Roth IRA’s by noting that I had mixed feelings about writing this post. This one was motivated by requests to retort a blog post that

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Top Reasons to own Cash Value Life Insurance Reason #5: Liability and Creditor Protection

Cash Value Life Insurance provides an array of various benefits and one unique benefit it brings to the table (for some people) is the fact that cash values are often protected from creditor and liability

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You don’t need Life Insurance when you Retire, the Statistics don’t back the Claim

For years talking heads have been very clear about the use of life insurance in retirement. And still today, despite macro economic events that have shaken a lot of conventional wisdom to its core and

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Top Reasons to Own Cash Value Life Insurance: Reason #6 No Probate

Throughout the next six weeks we’ll be rolling out our top reasons for owning cash value life insurance. We’ll be releasing these posts during our Friday post. Today we start with reason number six

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Life Insurance Cash Values, You Can’t take it with you

There’s no doubt a number of people have made arguments against the ownership of cash value life insurance. You don't have to spend a lot much time surfing ye olde' interwebs to find such evidence. Too

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Whole Life Insurance Lapse Rates

If you spend anytime around a traditional life insurance agent/broker discussing which type of life insurance you should own, then you’ve undoubtedly been told to opt for whole (or universal) life over

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But they make you Borrow and Pay Interest on YOUR Money!

One of the long-standing criticisms regarding whole life insurance is that fact that distributions are often made through policy loans, which bear interest. The common discussion goes something like, “and

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Cash Value Life Insurance Provides Flexible Funding Limits

So here we are talking once again about the wonders of cash value life insurance.  I know, I know…most of you are rolling your eyes in sarcastic disbelief that we could possibly have anything more

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What We Really Need You to Know About Whole Life Insurance

Normally we wouldn’t spend two entire posts just dealing with one short “news” story but this story written by US News and World Report and published at MSN is so egregious we decided it deserved

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Whole Life Insurance Loans are a Scam

The other day I happened upon a piece that MSN Money reposted telling me (and you) what I (we) needed to know about whole life insurance. The piece is horrendously bad, but if you really want to read it,

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Life Insurance for Diabetics

Applying for life insurance is not a terribly complicated process for people who have only minor health issues.  On the other hand, for people who have more serious issues with their health it can be

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Bank on Yourself®, Infinite Banking, et. al. Unraveled

Our regular readers know that we have a certain love/hate relationship with the whole Bank On Yourself®, Infinite Banking, and their various iterations. We certainly enjoy their work in furthering the

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Indexed Universal Life Insurance Income Variation Analysis

Indexed universal life insurance is another strong contender to whole life insurance for the purpose of accumulating wealth and generating retirement income through life insurance. If you need a primer

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How do Varying Whole Life Dividends Affect Income?

We’ve discussed whole life dividends a good bit at the insurance pro blog. We’ve also compared a lot of other insurance company stats in the past, and will continue to do so in the future. One such

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