P.O. Box 196597
(Get the IRS out of your back pocket)
Everybody needs at least enough life insurance to pay personal debts and final expenses. If you are not insured you could leave your family or executor dealing with unpaid expenses. Besides, life insurance is a great way for even lower income singles to leave a legacy to their alma mater, favorite charity or endowment
The time where life insurance coverage was based entirely upon your income has been history for a long time. Cash flow is a much more critical consideration and cash flow becomes even more critical when you are no longer there to help provide it. Paying off your mortgage, medical expenses, future needs of your children, and other liability and debts can quickly consume two years of your annual income. Life insurance is simply the most cost effective way to prepare for future needs, both planned and unplanned possibilities
Term insurance is important but not cost effective in your later years. Just because you might possibly have more equity in later years doesn't mean that the wisest thing to do is drop your life insurance coverage. Wealthy people think both. Think like the wealthy
Cash flow is critical to consider. If you lose your job, retire or switch jobs, you may not be able to afford the premiums required to convert that group policy to an individual policy. Then you are faced with insurability issues and premium costs that are higher than you may be able to afford
This lie is a selling technique used by many who sell cheap term insurance and ignore the fact that over your entire life time
Whole life insurance will typically be less costly to you than buying term and investing the difference
Too many people never accumulate that $1 million and when they reach age 65 they rarely can afford to pay the ever increasing cost of their term insurance (The Dave Ramsey Factor)
There are many different kinds of Universal life insurance products and each of them creates risks which you as the owner assume when you purchase them
Participating Whole life insurance products are guaranteed products which also have risks associate with them, but these risks are assumed by the insurance company and replaced with guarantees backed up by the company's performance.
Guarantees are better than risks and therefore Universal life products can never be declared better than Whole life products
Foolishness! Everybody has a human life value which can never be replaced by any amount of money! At the same time money can help ease the financial loss that will occur upon the death of someone that produced value in your life. Children, grandchildren, parents, spouses, key employees, business partners and people you have loaned money to, all need to be insured in order to help you replace at least some of the value which they are contributing to your life today, if they were lost
FIXED INDEXED UNIVERSAL LIFE INSURANCE
(Gets the IRS out of your back pocket)
Tax rates are at an all-time low:
Protect yourself from Liquidity Issues, Tax Risk, Investment and Market Risk with a Tax-Free Retirement and Estate Protection with a Death Benefit. Cash Value Life Insurance has Living Benefits to fuel your retirement and leverage it for financial needs.
Diversify your retirement dollars: tax-free dollars
Roth IRAs offer Tax-Free Dollars, BUT limit the Annual Contribution.
If you are playing catch-up with your Retirement Dollars, MOST PEOPLE FAIL to consider LIFE INSURANCE as an place to put Retirement Dollars.
Create Retirement Account with a DEATH BENEFIT that can be GREATER than the CASH VALUE to PROTECT YOUR FAMILY -- ALL-IN-ONE ACCOUNT
Decrease costs due to Employee Wage Garnishments, Child Support and Bankruptcies. Help your Employees to fund their own Retirements by providing Financial Education and reducing the costs of creating a 401k retirement fund.
Business Owners: Finance your Business Expenses and Fund your Retirement fund at the same time (Cost Recovery Strategy)
What if you could learn to grow your money at double-digits?
Learn how to protect your retirement money from market crashes?
Borrow for a car, and make yourself richer? Grow your money tax-free?
Ask us we know how...
Your Family Bank utilizes both. It is a system that helps both individuals and businesses redirect money normally lost to debt, interest and taxes back into their circle of wealth, while at the same time ensuring that your dollar gains a positive rate of return every day.
So... Are you 100% sure you are going to have a great Retirement, or do you have some doubt?
Benefits: Whole life policies have a living benefit, and a tax-sheltered cash account that builds up inside. Clients don’t pay taxes on the gain each year, and that money can be used in retirement to supplement retirement planning. No such benefit is available with term insurance. Term insurance only has the actual life insurance coverage; there is nothing but a death benefit. In order for the benefit to be paid, somebody has to pass.
Buyers can also add riders to whole life policies, such as accelerated benefits riders, which enable someone who has a terminal illness to be able to access as much as two-thirds of the benefits while still alive. This is something that can’t be done with term insurance.
Dividends: A whole life product has dividends, and the dividends are paid out much like they would be to a stockholder of a company. Those dividends can be used to reduce the premium, or they can be used to build up the cash inside the policy and the face amount. Term life insurance has little or no dividends.