Becoming Your Own Banker

Blog #38 – Happiness Brings About Greater Success – Including Financial Success

“The greatest discovery of my generation is that a human being can alter his life by altering his attitudes.” —William James, American philosopher and psychologist Why Happy People Are More Successful We tend to believe that certain conditions must be met in order for us to be truly happy: we’ll be happier when we have … Read more

Direct Recognition and Non-Direct Recognition Insurance Companies

Share on Facebook Facebook 𝕏 Share on Twitter Twitter Share on Linkedin Linkedin Share on Email Email Direct Recognition and Non-Direct Recognition Insurance Companies Direct recognition and non-direct recognition refer to the method that the insurance companies use to treat dividends when there is an outstanding policy loan. When you take a policy loan, you … Read more

Whole Life Policy Loans: How They Work

Share on Facebook Facebook 𝕏 Share on Twitter Twitter Share on Linkedin Linkedin Share on Email Email Whole Life Policy Loans: How They Work One of the least known and best features of a whole life policy is its “living benefits”. These living benefits give you the ability to borrow against its cash value. As … Read more

Blog #29 – Modified Endowment Contract: Should You Be Concerned?

Anyone who has any type of banking policy has probably come across the term Modified Endowment Contract, or MEC. You may have noticed a portion of your whole life policy illustration or contract stipulating whether or not it is a MEC. You may have even seen numbers indicating the additional amount of Paid-Up Additions that … Read more

Blog #28 – Position Your Assets To Maximize Retirement Income

Traditional financial planning pays much more attention to accumulating assets for retirement than to the reposition and distribution of assets during retirement. It is not surprising since most financial advisors are compensated based on the amount of assets under management. Let us be clear; the reason for savings/investing is to generate future passive income when … Read more

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