Creative Finance Life Insurance as Your Own Bank
Creative Finance Life Insurance as Your Own Bank Imagine having access to a financial tool that allows you to borrow from yourself without needing approval from a bank or credit union. Sounds empowering, right? That’s exactly what “creative finance” can do for you, especially when using life insurance as your own personal bank. It’s a […]
What is a Modified Endowment Contract: Let’s Break It Down
What is a Modified Endowment Contract: Let Me Break It Down For You Hey there! I’ve spent years helping people understand the ins and outs of financial products, and today I want to chat about something that often makes people’s eyes glaze over: What is a Modified Endowment Contract (MECs). But stick with me – […]
When Should I Get Life Insurance? Let’s Figure it Out Together
When Should I Get Life Insurance? Let’s Figure it Out Together When I first heard about insurance policies covering your life, I thought it was something for later on—like during retirement. But I’ve since learned that getting a policy isn’t just for the elderly. There are plenty of factors that play into deciding when you […]
Who Really Needs Life Insurance? Let’s Talk About It!
Who Really Needs Life Insurance? Let’s Talk About It! I know, I know, insurance isn’t exactly the most exciting topic out there. It’s not like chatting about travel, food, or the latest Amazon Prime series. But, let’s face it, some adulting topics are just unavoidable, and this happens to be one of them. The question […]
Overfunded Whole Life Insurance Policy: It Might Be a Hidden Gem
The Overfunded Whole Life Insurance Policy: My Personal Take on Why It Might Just Be a Hidden Gem When I first heard about the concept of an “overfunded whole life insurance policy,” my initial reaction was, “Wait, what? You can actually overfund a life insurance policy?” Like many people, I thought of life insurance as […]
Wealth Builder: How to Use Insurance & Compound Interest
Compound Interest Chart Compound Interest Growth Wealth Builder: How to Use Insurance and Compound Interest to Build Wealth When it comes to building wealth, many people often think of flashy investments like stocks, real estate, or maybe even cryptocurrency. But what if I told you that there’s a tried-and-true strategy sitting quietly in plain sight? […]
What Is a Legacy? How Personalized Legacy Plans Turn Life Insurance into a Purposeful Investment
What Is a Legacy? How Personalized Legacy Plans Turn Life Insurance into a Purposeful Investment When I first considered life insurance, I saw it as a way to ensure my family would be financially secure after I passed. Over time, I began to ask myself: What is a legacy? I realized that a legacy goes […]
What happens to a life insurance policy when the policy loan balance exceeds the cash value
Life Insurance Loan vs Cash Value Life Insurance Policy: Loan Balance vs Cash Value What Happens When a Life Insurance Policy Loan Balance Exceeds the Cash Value? What happens to a life insurance policy when the policy loan balance exceeds the cash value? Life insurance policies, particularly whole life and universal life, offer more than […]
Which type of life insurance policy generates immediate cash value
Which Type of Life Insurance Policy Generates Immediate Cash Value? Which type of life insurance policy generates immediate cash value? When exploring life insurance options, many individuals seek policies that offer more than just death benefits. They’re looking for financial instruments that can provide living benefits as well. This is where cash value life insurance […]
