In this article, we’re going to discuss a strategy whereby someone can take advantage of overfunding their cash value life insurance policy for the purpose of then using this cash accumulation to grow and preserve wealth. During our discussion, we’ll focus on some of the pros and cons of overfunding life insurance, as well as […] Read more
Life Insurance
At I&E, we know whole life insurance. And the thing is, not all whole life policies are the same. Just because you choose a top whole life insurance company does not mean you are getting the best whole life insurance. That is because the best whole life insurance policy is the one that is tailored […] 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
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
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
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
Among the myriad choices, universal life insurance stands as a beacon of flexibility and security, offering a range of options tailored to your unique financial landscape. Whether you’re drawn to the cost-effective protection of Guaranteed Universal Life Insurance, the growth potential of Indexed Universal Life Insurance, or the investment opportunities of Variable Universal Life Insurance, […] Read more
Whole life insurance is a critical component of a comprehensive financial plan, providing not only a death benefit but also a savings vehicle through its cash value component. Within whole life insurance, a pivotal choice exists between participating life insurance policies and non-participating policies, each carrying distinct implications for policyholders. Participating Life Insurance: Sharing in […] Read more
Whether you already have life insurance or you’re thinking about obtaining a whole or universal life policy, cash value is likely to impact your financial planning. Indeed, if you want to fully appreciate the utility of life insurance as a financial planning tool, you need a good understanding of how cash value works and how […] Read more
