Life insurance has many uses and should be reviewed as part of most financial plans. In addition to death benefits, some life insurance products have the potential to provide benefits during life as well as income during retirement (1).In addition, life insurance is invaluable in business planning, protecting you in the case of the loss [...]
The Grim Reaper Investment Fund…aka the controversial Life Settlement Fund.What happens is this:A life insurance policy owner has coverage of $1 million, and has paid a total of $200k premiums for the last 20 years.The policy owner offers to sell his policy at $500k.A third party pays the policy owner $500k cash, and essentially becomes [...]
Understanding what your life insurance quote means is essential to having a good experience when you apply for a policy. Misunderstanding creates confusion, and confused consumers are more likely to skip buying this important financial protection. Here is what to expect (and what not to expect) from your life insurance quote.What a Quote Can do [...]
Why use a life insurance agency when looking for a life insurance policy to purchase for you or a loved one?There are many perks to using an insurance agency when looking for an insurance company. Instead of contacting each and every life insurance company whom provides for what you are looking, an insurance agency will [...]
An excellent tax strategy for your estate.Is it one of your desires to create a charitable gift through regular accumulation, and have that gift donated at death?Many people are unaware that:• They can obtain a tax deduction today for certain gifts to be donated later at death. • Insurance can create a much larger gift [...]
The basic premise of life insurance is to pass along property to heirs for assistance. Some of the wealthier organize estate planning for entities to carry out their wishes after they die. A large group of life insurance policy holders would like to be assured that their families will be taken care of, while some [...]
This is a question every client will ask me. Truth is that there isn’t an easy answer. People need life insurance for many reasons, income replacement, to pay debts, educate their children, fund a buy/sell agreement, insure a bank loan, and the list continues. I will discuss in detail an exercise I use for all [...]