Dividend Paying Whole Life Insurance Policy

admin

|

Blog 64 – Everything You Ever Wanted To Know About Paid-Up Additions – Part 3

A flexible paid-up additions rider allows the policy owner to increase or decrease the contributions to the paid-up additions rider within a range specified at policy issue. The policy owner is free to make these adjustments at any time during any payment period of the policy.
The level paid-up additions rider does not provide the same flexibility to adjust the premium going towards it. The level paid-up additions rider assumes that the policy owner will pay the same amount year-over-year towards the rider. If the policy owner reduces the premium going to this rider, that reduction can become permanent.

2020 March BankNotes

Norman Vincent Peale’s Timeless Advice: Take Charge of Your Own Life, First

Dr. Norman Vincent Peale’s ideas are especially important today, when envy
and jealousy seem to permeate much of our politics.

by Lawrence W. Read

The more jealousy one has in his nature, the more critical he is of those who have accomplished things. If you are critical and mouthing negativisms it could be that your own failures are caused by a mixed-up, hate filled mind.

Blog 62 – Everything You Ever Wanted To Know About Paid-Up Additions – Part 1

In this blog we are going to concentrate in the definition of paid-up additions and in future blogs we will be going deeper into the types of paid-up additions riders and how to use them to maximize the cash values of your whole life policies.

Paid-up additions are mini paid-up whole life policies that attach to your base whole life policy. They have a death benefit and a cash value and as its name implies, they require just one single premium payment and they are forever paid-up. In other words, you keep the death benefit of the paid-up additions and its cash value without ever paying any additional premiums.

2020 January BankNotes

As in the grocery business that we discussed earlier, you must first study the banking business so that you have a firm grip on what it is all about and feel that you can run such a business. Without this confidence you are fighting a losing battle. This, too, is a very competitive business.

Blog 61 – Happy New Year, Happy New Decade

Although you may be discouraged of your progress in some areas, we are sure that you will be proud of your accomplishments in other areas, and perhaps one of them for many of our clients is your success towards achieving financial independence.

We define financial independence as a financial situation in which you have enough money set aside to take care of unexpected financial challenges and also enough money to take care of opportunities that become available to us. Believe us, when you have money available, opportunities are constantly knocking at your door.

2019 November Lara-Murphy Report

Democratic presidential candidate Elizabeth Warren has been throwing out so many ludicrous campaign promises that she makes Andrew Yang—the guy literally trying to send everyone a monthly check from Uncle Sam—look reasonable in comparison. Recently, in order to explain how she’d pay for her $52 trillion (over ten years) “Medicare for All” program, Warren doubled her proposed wealth tax on billionaires, from the original 3% now up to 6%.

To repeat, this is an annual tax on wealth, not on income.

2019 October Lara-Murphy Report

Just when you think that you have learned all of the possible strategies associated with Nelson Nash’s Infinite Banking Concept (IBC), up pops a brand new one. New, that is, but only to all those who have never realized the various opportunities found in practicing IBC as your very own banking system, especially at tax time. But now the latest window of unrecognized opportunity for IBC has surfaced in the area of charitable giving. According to recent publications charitable dollars have dropped significantly under the new tax law.

Blog 60 – Use Infinite Banking To Create Sustainable Wealth

The Infinite Banking Concept is a process in which you accumulate cash value in a properly-designed whole life insurance policy. This cash value is used as an emergency/opportunity fund.
At any time, your cash values are doing double duty: they allow you to leverage them into other assets and at the same time they continue to earn interest and dividends for you.

Blog 58 – Using Your IBC Policy To Supplement Your Income

You should start by withdrawing funds from your investment accounts. In any year in which your investment account loses market value, the following year you don’t withdraw funds from that account but instead you withdraw funds from your IBC policy.

2019 August BankNotes

Back in the September 2012 issue of the Lara-Murphy Report, I tackled an older blog post by financial guru Dave Ramsey where he strongly attacked the idea of using permanent life insurance as a savings vehicle.1

Call Now Button