Life Insurance Statistics Coverage trends that could provide you with even more protection! Around half of American families would have a difficult time financially if the primary wage earner were to die. Replacing the primary income in a household is just one of the many ways that life insurance can provide a financial safety net […] Read more
Life Insurance
If you’re looking for ways to maximize your available cash, while at the same time reducing – or even eliminating – the amount of tax that you’ll have to pay in order to access it, a life insurance policy could provide you with a solution. While many people think of life insurance coverage only for […] Read more
The Many Benefits of Cash Value Life Insurance Generating tax-free cash flow with a proven and reliable asset Although life insurance is oftentimes purchased for the death benefit it provides, there are actually many ways that this flexible financial vehicle can be used – and no one has to die in order to receive monetary […] Read more
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 life insurance 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 access funds […] Read more
A key component of financial and retirement planning is safety – and part of keeping your assets protected is ensuring that your loved ones won’t have to struggle financially when you are gone. One of the best strategies for doing so includes purchasing life insurance. The proceeds from these policies can be used for a […] Read more
Comparing IRC 7702 plans to 401(k) 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 […] Read more
The following article is a transcript from a webinar on Using Life Insurance Policy Loans to Borrow from Life Insurance Companies. In this article, we linked to content that we believe would be helpful to further elucidate our points. We have also added additional content where we felt it would benefit our readers. For more […] 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
