{3:12 minutes to read} Today I want to talk about qualified plan accounts as an approach to purchasing life insurance as part of your retirement plan. Qualified plans include: 401(k); Profit-sharing; Money purchase; and Defined benefit plans. As people get older and accumulate wealth, these qualified plan accounts could potentially represent a very attractive way for
{1:20 minutes to read} Many people are trying to manage life insurance policies, whether they’re policies on their own life, or policies in a trust for which they are a trustee. You have to make the best policy decisions. The analogy that we like to use is one that involves people in a bathtub. The
Sometimes when we look at things one way, we see the world with a certain landscape, but when we revisit it, we may see it very differently because of our experiences and perspective. I want to urge you to read the following article which is called "Nine Reasons You Should Take Another Look at Whole
For years, everybody asked me if I watched the TV show Breaking Bad, which I had not. Finally, I broke down, bought Netflix, and started watching the show. After a couple of episodes, I became aware of a theme that popped out at me; part of the reason the main character becomes a drug dealer
Over $200,000,000 of life insurance was sold recently to a billionaire in Silicon Valley. This is a record-setting life insurance policy. Prior to this, David Geffen was the person who bought the most amount of life insurance in 1990. It was a $100,000,000 policy. Click here to read a good article that talks about this
Today we're going to talk about some provisions of the term life insurance policy that many people have. Convertibility Convertibility and the conversion privilege allow an individual who has term life insurance to change or convert that policy without evidence of insurability. That means that if your health changes, you can still make the change
I want to introduce a concept that has become popular over the last few years since interest rates have gone down. It is a concept called Premium Financing, with which wealthy people can acquire needed life insurance liquidity for trusts set up for their families. Estate tax is then paid through the life insurance trust
Today, most people are saving money for college, using 529 plans. 529 plans have some nice tax benefits and some great advantages. These plans have become the most popular way people save money for college. Today we want to introduce to you an alternate way to save for college. Though 529 plans have potential growth
Americans are trying to save money for retirement. People are trying to find the best way to do that but many are confused as to where their money should go. People are concerned about: Risk Inflation Low interest rates, or deflation Rising taxes Market volatility And people are concerned about the effect that all of
