Whole Life Insurance

risk insurance

Are You Insurance Poor? The Truth About Insurance Deductibles and Premiums

“Insurance Poor” is when you’ve got tons of insurance coverage…at the cost of “crushing” payments. In other words, you’re so poor from making the payments to protect yourself from the “what ifs” that you don’t have money for much else! When you’re insurance poor, it’s likely that your insurance deductibles and premiums are the culprits. …

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applying for life insurance, questions to ask when buying life insurance

Questions to Consider AFTER Applying for Life Insurance

After applying for life insurance, what questions should you be asking your agent? Last week, we published an article, “Life Insurance Questions to Ask BEFORE Applying” that gave guidance on: choosing life insurance companies evaluating types of insurance policy time frames avoiding common mistakes, and pitfalls, and more. Today, we’re continuing the conversation with questions …

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Can’t Afford Premiums? 7 Ways to Save Your Life Insurance Policy

What happens if you own a whole life policy and you don’t want to keep paying the premiums… and you don’t want the policy to lapse either? Or when you can’t afford the premiums any longer and still want coverage? Life happens—it’s the reason people tend to purchase insurance in the first place. Yet, you …

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How Safe is Your Money? Fractional Reserve Banking and Other Threats

“You’re thinking of this place all wrong… as if I had the money back in a safe. The money’s not here. Your money’s in Joe’s house…right next to yours. And in the Kennedy house, and Mrs. Macklin’s house, and a hundred others. Why, you’re lending them the money to build, and then, they’re going to …

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The Strength of Guarantees: 7702 Plan Change and What it Means

Wrapping up 2020, the IRS introduced a significant change to the tax code that governs life insurance. This code hasn’t been changed in decades, so there are bound to be adjustments going forward. While there are plenty of opinions on how this will change the industry going forward, we want to look at the facts. …

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life insurance decisions

Convertible Term Insurance: The Third Option

“The third option is that other possibility…”– Lynn Barrette, Counselor and inspirational blogger Life Insurance: It’s Not An Either/Or Decision “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 …

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