Blog #36 – Guaranteed Cash Values
Not much in life is truly “guaranteed.” We can’t guarantee the weather, what other people will or won’t do, the direction of the markets, or even if we’ll be around to see tomorrow. And even most “guarantees” have exceptions. Your purchase is guaranteed – but only for 30 days, or unless you drop the item, … Read more
Direct Recognition and Non-Direct Recognition Insurance Companies
Share on Facebook Facebook 𝕏 Share on X X 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
Blog #33 – The Problem Is Lack Of Financial Education
Financial education, or how money works, is not taught in our schools and the knowledge that we have is transmitted from our grandparents and parents.
Whole Life Policy Loans: How They Work
Share on Facebook Facebook 𝕏 Share on X X 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
The Infinite Banking Concept: Why I Believe In It.
I have decided to start a blog to help people understand the process of The Infinite Banking Concept (Infinite Banking).
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
Blog #27 – How Do We Generate Passive Income?
As you are probably aware, traditional financial planning tells you of three sources from which you could generate passive income when you could no longer generate active income for yourself: 1) a pension or defined benefit plan, 2) social security and 3) a defined contribution plan (a 401(k), 403(b) or IRA). Since the late 1970s, Wall Street and … Read more
Blog #26 – Banking Policies and Policy Loans
Although there are different ways to handle policy loans from your banking policies, the process described below provides you greater control and better tracking at tax preparation time from those loans that might have tax implications. You should follow these steps when taking out a policy loan from a banking policy: Contact us and let … Read more