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Insurance&Estates

The number one danger to building wealth and creating a legacy is death and taxes. The good news is that permanent life insurance provides protection against both. In the following article, we do a deep dive into life insurance taxation to help you make a more informed decision about how you can best secure your […] Read more

The Ultimate Financial Flexibility and Control Using Insurance Trusts or “Grantor Trusts”, to Reduce (or Eliminate) Asset Transfer Taxes and Decide What Happens with Your Savings, Property, and/or Business – Now and In the Future While you may have spent a great deal of your life thinking about offense (by saving, investing, and trying to […] Read more

Finding financial strength and security in a crowded insurance marketplace While many people purchase life insurance for the death benefit that it provides, there are other features that can make these flexible financial vehicles enticing, too. For instance, with permanent dividend paying whole life insurance policies, there is a cash value where the funds are […] Read more

Life Insurance Payout [How Does It Work]

People buy life insurance for a multitude of different reasons. These can include income replacement, debt payoff, business succession funding, and/or the payment of a funeral and other final expenses of the insured. Depending on how long it takes to receive a life insurance death benefit can be a primary factor in whether or not […] Read more

While many people purchase life insurance for the death benefit protection that it provides, there are numerous other reasons to include this financial vehicle in your portfolio. One of these is the tax-deferred savings that certain types of life insurance policies can offer. In some cases, for instance, growth of the cash value in a […] Read more

In the following article we will cover the pros and cons of the infinite banking concept®. While there are many pros to infinite banking, there are some cons that also need should be considered. And while we are advocates of this concept, it is not for everyone or every situation. At Insurance and Estates we […] Read more

You may be surprised to find out that all the best life insurance companies require financial underwriting of prospective applicants when applying for coverage typically around $100,001 or more. That’s because when most people think about life insurance underwriting, the first factors to come to mind are usually age, gender, and medical history. For typical […] Read more

There are many pros and cons of corporate owned life insurance. In the following article we will cover the various benefits of COLI, as well as discuss how these policies are structured to get the best results. Pros and Cons of Corporate Owned Life Insurance One of the fundamental legal requirements for life insurance is […] Read more

BOLI: Bank Owned Life Insurance

Bank owned life insurance (BOLI) is life insurance purchased and owned by banks.  With the exception of term policies occasionally used to cover a borrower while a large debt remains outstanding, bank-owned policies are usually permanent life insurance, like whole or universal life. The permanent policies accrue cash value, which earns tax-advantaged interest at competitive […] Read more

Infinite banking is a concept created by Nelson Nash that focuses on how you can become your own banker using dividend paying whole life insurance. Becoming your own banker means you use your whole life insurance policy as your personal bank, drawing money form it through withdrawals, or preferably, life insurance loans, and using the […] Read more