Is life insurance an asset? Whether insurance is an asset is a great question and doesn’t have a precise answer.It might appear that life insurance isn’t an asset on the surface because you can’t touch it or spend it as you can with money in a bank account.However, when you look at the big picture, [...]
Permanent Life Insurance
If you are like most people, you probably think of life insurance as a way to provide for your loved ones in the event of your death.But what if I told you that life insurance policy loans could also be utilized as a source of short-term funding?That’s right, borrowing against life insurance can be a [...]
Are you looking for permanent life insurance but don’t want to continue making payments?If so, a single premium life insurance policy might be the right choice for you.As the name suggests, single premium insurance only requires a one-time payment to purchase coverage which can last a lifetime.In this blog post, we’ll discuss the three main [...]
You may have heard of the “Infinite Banking Concept” but are unsure what it is or how it works.The infinite banking strategy utilizes cash value life insurance as a component of a diversified investment portfolio. Because cash value life insurance is a liquid asset, it offers a convenient way to fund major expenses that can come [...]
You’re here because you’re considering buying whole life insurance and need to know the basics. That’s great!Whole life insurance is the most popular form of permanent life insurance in America for a good reason.If you’re wondering whether or not permanent coverage is right for you, keep reading to learn more about the pros and cons [...]
New hybrid long-term care insurance policies offer more flexibility by combining long-term care insurance with universal or whole life insurance.Most insurance consumers typically look at life insurance coverage separately from stand-alone long-term care insurance. The most significant risk of buying an individual long-term care policy is that you will never up in a nursing home or [...]
Are you looking for a universal life policy with a cash account with higher growth potential?An indexed universal life insurance policy offers the best of both worlds – death benefit protection and access to more significant cash values in retirement while remaining affordable for most people!These plans have many advantages and a few weaknesses, which [...]
Are you considering a universal life insurance policy? But, you have been hesitant because you are concerned about the high cost of universal life coverage.Most people automatically associate all permanent coverage with much higher costing premiums because of the savings element.However, today’s universal life policies offer both affordable premiums and death benefits for life.Do you [...]
Did you purchase a flexible premium adjustable life insurance policy back in the 1980s or early 1990s? You may have received a letter from your insurer claiming that your adjustable life insurance policy is not performing as originally illustrated.Policyholders getting these notices are usually required to contribute additional premiums to prevent their current adjustable life [...]
Is cash value life insurance better, or should you opt for term life coverage? With so many options available for life insurance policies, it can be challenging to decide which policy is suitable for your needs and budget. Do you want a fixed or variable rate? And then insurers throw in terms like “cash value,” which [...]