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how to buy klife insurance with one lump sum single premium for wealth transfer

Should you buy life insurance with one lump sum premium?

Life insurance for your heirs – Single Premium Life Insurance Depending on your situation the simple answer is… quite possibly.  In fact, single-premium universal life insurance, SPUL, may be one of the most overlooked, misunderstood life insurance products available today and rarely recommended by traditional life insurance agents. However, expert Tax-Free Retirement Specialists use this [...]

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how to handle life insurance beneficiary designation

What is more important, your Will or your Life Insurance Beneficiary Designation?

  Most people are often unclear about this complicated, yet simple question. A Will is a legal document that sets forth your wishes regarding the distribution of your property and the care of your minor children.  Life insurance is a legal contract between you and the life insurance company who issued the policy.  The simple [...]

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how to minimize taxes due on estate transfer with life inusrance

Using Life Insurance for Estate Planning

How to Use Life Insurance for Estate Planning As Ben franklin said, “…in this world there is nothing certain but death and taxes.”  Life insurance can help you when both of those situations occur.  Obviously not the aspect of death, but it can definitely manage the tax aspect of his comment. As humans, one of [...]

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What would you do for love?

With Valentine’s Day just around the corner, almost everyone is trying to find that one special present, better than last years present, to show their loved ones that they love them more this year than last year. Remember… “You do it For Love” Here are a few short videos that will bring a smile, laughter, and [...]

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should I buy whole life UL universale life UL or indexed universal IUL insurance

Whole life versus universal life insurance

Whole Life Insurance Whole life insurance (WL) is permanent insurance and covers you as long as you live.  You pay the same premium for a specific period (usually the rest of your life) to receive the death benefit.  This type of insurance provides life insurance coverage and a savings feature.   With whole life your [...]

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what can I do with the cash in my life insurance policy can I borrow cash from my life insurance policy

What can I do with the cash in my Life Insurance Policy?

According to the U.S. Census Bureau, couples at the age of 65 have a 50% chance of living to 92 years of age. In order to have enough resources to take care of one’s medical and recreational needs advanced preparation must take place. Furthermore, many statistics indicate that 54% of Americans have less than $25,000 [...]

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What is Return of Premium Term Life Insurance?

With a Return of Premium (ROP) Term Life insurance policy, the insurance company will pay your beneficiaries the death benefit should you die before the end of the term.  The benefit of this type of term policy is if you outlive the term of the policy, the insurance company will return to you 100% of [...]

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