Life Insurance

Should You Have More than One Life Insurance Policy?

Should you—or can you—have more than one life insurance policy!? We occasionally hear this question and the answer may be very important to your wealth! So beyond a simple “Yes,” let’s consider why people have “portfolios” of investments and how the concept applies to life insurance. An investment portfolio typically contains a range of diverse …

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Understanding Whole Life Insurance Dividends

What are life insurance dividends and how do they work? What kinds of companies pay dividends? Are life insurance dividends taxable? What are your life insurance dividends options? In this article, we’ll try to answer “everything you always wanted to know about life insurance dividends but were afraid to ask!” What are life insurance dividends? …

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Why Seniors Are Getting New Life Insurance Policies

“Old age isn’t so bad when you consider the alternative.” – Maurice Chevalier “Am I too old for life insurance?” We get this question a lot, surprisingly, often from people who are only in their 50’s or 60’s. However, there are many seniors getting life insurance policies—even in their 70’s or beyond. You’re probably not …

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Reduce or Stop Premium Payments… and KEEP your Whole Life Policy!

“I bought a new life insurance policy but the small print is impossible to understand. All I´m sure of is that after I die, I can stop paying.” (Anonymous) What if you can’t (or don’t) pay your whole life insurance premiums—but you still want the policy? What if you own a whole life policy and …

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(VIDEO) More Income in Retirement

What’s BETTER Than Stocks and Bonds!? In our article, “7 Strategies for More Income in Retirement,” the seventh strategy was to consume your  assets strategically. Below is a case study for the National Network of Estate Planning Attorneys that demonstrates just such a strategy! This presentation was given by Todd Langford of Truth Concepts software …

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Questions to Consider AFTER You Apply for Life Insurance

The art and science of asking questions is the source of all knowledge.”    —Thomas Berger A couple of months ago, we published an article, “Essential Questions to Ask BEFORE You Apply for Life Insurance” that gave guidance on: choosing life insurance companies evaluating types of insurance policy time frames avoiding common mistakes, pitfalls, and more. …

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Questions You Must Ask BEFORE You Apply for Life Insurance

Nobody wants “buyer’s remorse” when it comes to something as important as life insurance! And yet, we hear it all the time… policy owners who wish they knew what they know now before they bought their policy. Today we’ll give you some questions to consider early in the process. (There are also questions to consider …

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Money Myth #3: You Should Buy Term and Invest the Difference

Does It Work to “Buy Term and Invest the Difference”? This money myth has sold a lot of term insurance… which can be a good thing! However, it has also compromised a LOT of families and left them with less savings and no permanent protection. In this video, Prosperity Economics Movement co-founder Kim Butler tells us …

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Term or Whole Life? The Third Option

“The third option is that other possibility…” – Lynn Barrette, Counselor and inspirational blogger The Convertible Term Insurance Solution “Whole Life or Term Insurance?” It’s a never-ending debate amongst financial advisors and self-proclaimed experts. Today, we’d like to suggest a third option. But first… let’s summarize the two most popular and obvious choices: Term life insurance allows …

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