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Technically speaking, a Qualified Retirement Plan is any plan that satisfies the requirements laid out in section 401(a) of the Internal Revenue Code (IRC). A qualified plan is typically referred to as a “tax-deferred” plan, in that it allows the participant to contribute to the plan with pre-tax dollars. The plan money grows tax-deferred (taxes […] Read More

1035 Exchange of Life Insurance

If you search the Internet for a comparison between a 529 plan and Whole Life insurance, you'll find polarizing viewpoints. Half of the resources love Whole Life as a vehicle to save for college, and provide compelling arguments. And the other half of the resources suggest that Whole Life is too expensive or too confusing, […] Read More

Pros and Cons of Infinite Banking

Variable Universal Life (VUL) is a form of permanent life insurance that has been around since the early 1980's. Permanent life insurance is called such because it is in force permanently (as long as you pay your premiums). This is in contrast to Term life insurance, which is for a set period of years (usually […] Read More

Permanent Life Insurance

To continue serving our readers with outstanding content, we were considering doing an article featuring the Top Ten Best Permanent Life Insurance Companies. However, we quickly realized that this list will vary depending on the type of permanent life insurance needed. So, the cart was momentarily before the horse. Tugging the reins a bit, we will now attempt to define permanent life insurance AND […] Read More

Top 10 Best Infinite Banking Companies

If you're looking for an insurance company in order to practice the Infinite Banking Concept (IBC), then you will be searching out insurance companies that offer cash value life insurance. IBC, also known as banking on yourself and a few other terms, is the process of using cash value life insurance to fund transactions that […] Read More

Irrevocable Life Insurance Trusts

Irrevocable life insurance trusts (ILIT) have been a sought after estate planning strategy. Some may say that this approach be rendered obsolete if the federal estate tax is repealed. Or, is this still an important strategy to consider regardless of looming changes? Irrevocable life insurance trusts are a type of irrevocable trust. An ILIT is set up by a "trustmaker" […] Read More

Private Placement Life Insurance

We've often applauded the "tax advantages of life insurance". Both whole life insurance and universal life insurance offer advantages for accumulating cash value inside a life insurance policy. However, for wealthier individuals who invest in rare opportunities such as hedge funds, traditional options may lack an amount of, shall we say, sex appeal. If you're among this group, what if you […] Read More

Meet Peter, Michael, and Jack Peter, Michael, and Jack (not pictured below) all began life in different decades of the 20th century. Peter, an architect, was born in 1962 and is just starting to see his children leave the nest. Michael, a cartoonist, was born in 1971, and is attempting to launch his dream business. […] Read More

Ideal Permanent Life Insurance for Infinite Banking

You may remember from our discussion about the velocity of money, when I wrote in beautiful prose that infinite banking is already happening all over the world under the radar.  You may also remember me noting that this concept has nothing to do with any particular insurance or financial vehicle. However, for the average person who wants to set […] Read More

It's a well known assertion, at least in real estate circles, that more people have become wealthy in the USA through real estate than any other pursuit. There are many UNIQUE aspects of real estate that build or contribute to wealth accumulation. Key Real Estate Wealth Building Benefits One way that real estate creates wealth is appreciation. This […] Read More