Insurance Pro Blog
First, I feel the need to provide context for this post. 99% of our clients want to use cash value life insurance as an asset class. Which means people need to distinguish whole life insurance from indexed universal life insurance. Yes, there are oth...
Posted: Oct 04, 2018
Every year, usually sometime in November, life insurance companies that sell participating whole life insurance report their plans to pay dividends to policyholders. When the insurance companies talk about it, they often refer to as their whole life...
Posted: Sep 27, 2018
Life insurance enjoys some unique tax benefits, but it also faces limits imposed by legislation we know as TEFRA DEFRA and TAMRA. These pieces of legislation established specific guidelines as to what you can and cannot do with life insurance. Each...
Posted: Sep 20, 2018
Using whole life insurance as a place to store cash and to accumulate wealth works well for people who have a decent amount of discretionary income and realistic expectations. Most life insurance companies teach their agents that using a 10 pay whole...
Posted: Sep 13, 2018
In our last post and podcast episode, we compiled the 5 Reasons Whole Life Insurance is a Bad Idea…According to the Internet. To show you that we are fair and balanced when it comes to the pros and cons, we thought it appropriate to discuss some of...
Posted: Sep 06, 2018
If you’ve been around the life insurance industry for more than five minutes, it’s pretty likely that you’ve encountered all sorts of reasons as to why whole life insurance is bad. In fact, it’s probably the most maligned of any financial product. A...
Posted: Aug 30, 2018
It's not much of a stretch to suggest that the 401k has become the default option for most people to fund their future retirement. For most folks, that's pretty much the only option offered by their employer–or some iteration of it i.e. 403b, 457, et...
Posted: Aug 16, 2018
We originally released our opinion on the best whole life products for cash value accumulation in 2013. We re-visited the subject in 2014, and then never again discussed the topic. In truth, the topic became a bit boring to me. Year in and year ou...
Posted: Aug 09, 2018
Why is that life insurance companies seem so reluctant to answer important questions? If you've been in the life insurance biz long enough this is probably one of your many laments. It certainly is for us. Episode 117 is largely based on a blog post...
Posted: Aug 02, 2018
Before anyone reads the title for this post/podcast and thinks we've suddenly reversed course on our fondness for cash value life insurance, think again. We've not changed our minds, we're just pointing out a few things that you might like to know in...
Posted: Jul 26, 2018