The settlement option on a life insurance policy instructs the life insurance company how to pay the death benefit at policy claim time. Traditionally, the policy owner chooses the settlement option, but the beneficiary has the option to change it at claim time. In some unique situations, the settlement option selected by the policy owner …
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 …
With COVID-19 shutting down lots of major business activity in the United States, it’s no surprise that a lot of people are experiencing fluctuations in cash flow. For many, the exact impact this will have depends entirely on the length of the current shut down. For those out of work, working reduced hours, or those …
The U.S. stock market just wrapped up one of its worst weeks ever. The Dow Jones Industrial Average dropped around 17% this week alone. The S&P 500 finished the week down 13%. And the NASDAQ fell 12.6%. All of this comes following additional losses in earlier weeks. It’s been over a month since the S&P …
With all the recent bad news surrounding pandemics, toilet paper shortages, store shelves devoid of my beloved Ramen noodles and the most volatile stock market we’ve seen in decades, it seems like a good time to talk about non-correlated assets. Several years back, I promised a marketing expert that we hired to help with some …
We started sounding the alarm about the sequence of returns risk way back in 2013. Since that time, others jumped on our train to warn retirement savers that one of the most dangerous risks they face is the timing of market movements. These movements can hit savers harder as they accumulate more assets and it …
I appreciate creativity. When I first started selling life insurance, I spent hours studying the product. Prodding it in various ways to see what it did. When I happened upon a few tricks I could use to manipulate whole life insurance to produce more cash value, I figured I simply arrived at an understanding others …
If I had to pick one, and only one, additional feature of whole life insurance, it is hands down the paid-up additions feature. Even if I lose the ability to blend death benefit, if I still have the PUA feature, I’m in a position to augment policy value. This very special aspect of whole life …
According to a recent article penned by Leslie Scism at the Wall Street Journal, “sales of a life-insurance policy tied to the longest bull market in U.S. history are soaring.” There’s a lot to unpack from that statement. But that’s the opening statement and it gives you a taste of what you can expect if …
Industry chatter about indexed universal life insurance spans a wide spectrum of woohoo! and boohoo! Regardless of your position on the product, the one apparent consensus is: the product is on fire! Sales for indexed universal life insurance are up up UP! And if I end one more sentence with an exclamation, you’ll probably want …
