Understanding 1035 Exchanges: How to “trade in” your life insurance, long-term care coverage, or annuity for a plan that better suits your needs Life insurance, long-term care coverage, and annuities can play a key role in your short- and long-term planning. These financial vehicles can help you to ensure that you and your loved ones […] Read more
There are many reasons why life insurance can be an essential component of a financial or retirement plan. Some people purchase it for the death benefit it provides, and others rely on the tax deferred cash value build-up to supplement their savings. Not all life insurance policies are exactly the same, though. So, it is […] Read more
While many people purchase whole 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 account where the funds are allowed to grow on a tax-deferred basis. This […] Read more
The following article examines three different whole life cash value charts to understand how different policy designs affect the outcome of the policy’s long term cash value growth. Table of Contents What is Whole Life Insurance Cash Value? The Key Components of Cash Value Whole Life Insurance How Cash Value Builds in a Whole Life […] Read more
While many people purchase a life insurance policy for the income tax free death benefit that it can provide to their survivors, there are numerous other ways that this flexible financial vehicle may be used in a financial or retirement plan – even when the insured is alive. One of these is the ability to […] Read more
Comparing IRC 7702 vs 401k and 529 plans Which of these vehicles – if any – belong in your financial plan? When it comes to retirement planning, many people are familiar with the more “traditional” avenues, like employer-sponsored 401(k) plans and Individual Retirement Accounts, or IRAs. But there are some additional options that a lot […] Read more
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
What better way to provide you with financial peace of mind when the market is crashing than an indexed universal life insurance policy? Every stock market melt down is a great example of why indexed universal life insurance is such a fantastic tool for building and protecting wealth, all wrapped up in a tax favored […] Read more
In this article, we’ll be exploring dividend paying whole life insurance, a valuable tool for wealth creation and legacy building offered by mutual insurance companies. These mutual companies pay life insurance dividends to policyholders, making them the best options in the whole life insurance market. We will cover the advantages of these policies, focusing on […] Read more
The following is the complete transcript of our webinar titled College Saving and Funding with 529 Plans vs High Cash Value Life Insurance. We have incorporated back links into the transcript where appropriate so our readers can dig a little deeper into the concepts and ideas discussed here. Steven Gibbs: Thank you all for joining […] Read more
