Insurance Pro Blog Podcast | Life Insurance and Annuity Insights

The life insurance retirement plan isn't necessarily a specific “plan” that accomplishes a specific goal related to retirement planning. Instead, it's a “tip of the hat” to the fact that life insurance will accommodate strategies that focus on retirement income. It does this because of the versatility that cash value life insurance provides. The idea […]

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The decision to cancel whole life insurance is not always an easy one.  We understand this.  We've discussed this subject with numerous people.  The biggest concern is still the money already paid to a whole life insurance policy.  The gist of the conversation goes something like “I already paid the premium and if I cancel […]

The post Should You Cancel Your Bad Whole Life Insurance? appeared first on The Insurance Pro Blog.

A life insurance illustration is a tool that agents use to detail the various features of a proposed life insurance policy.  These rather lengthy documents contain a lot of information and sometimes delineate information with multiple ledgers that differ slightly from one another.  Today we are going to discuss why these different ledgers exist and […]

The post Life Insurance Illustration: Basic vs. Supplemental Ledger appeared first on The Insurance Pro Blog.

Should I buy whole life insurance if I'm young and have no dependents?  This is a question that we field more often than you might think, so today we want to address this question for those who might be thinking the same thing. It'll come as little surprise that we are more open to answering […]

The post Should I Buy Whole Life Insurance? appeared first on The Insurance Pro Blog.

If you spend any time looking around this site, you'll find plenty of content detailing the various features of whole life insurance.  We've detailed at length the use of whole life insurance specifically for its ability to accumulate cash value that the policyholder can use while he/she is alive. But we do not refer to […]

The post Whole Life Insurance as an Investment appeared first on The Insurance Pro Blog.

What drives annuity buyers?  I mean with all the negative press about the evils of annuities, what on earth possesses these people to actually pull the trigger and purchase an annuity? Let's not forget all of the other options available to Americans.  It seems despite the negativity and the plethora of alternatives, people still opt […]

The post Annuity Buyers Can Do Better But Should They? appeared first on The Insurance Pro Blog.

Whole life insurance dividends are a fun subject we discuss quite regularly.  But a more obscure and advanced topic on this subject is the way life insurer adjust dividends (if at all) whenever a policyholder takes a loan out against a whole life insurance policy. We refer to this concept as dividend recognition–it's a reference […]

The post The Definitive Discussion on Whole Life Insurance Dividend Recognition appeared first on The Insurance Pro Blog.

Buy term and invest the difference is an academic argument that suggests you should skip the “expensive” whole life insurance et. al. and instead by “cheap” term insurance.  You should do this because it will free up financial resources to then invest in the stock market, which will produce more money for you than the […]

The post Buy Term and Invest the Difference Is Still Broken appeared first on The Insurance Pro Blog.

We've all seen articles chronicling the woes faced by policyholders who own universal life insurance.  The names change, but the theme tends to remain the same.  Joe insurance purchaser bought a universal life insurance policy years ago and recently learned that the premium he paid for all these years wasn't enough to keep the policy […]

The post New York Issues Warning on Universal Life Insurance appeared first on The Insurance Pro Blog.

Buying whole life insurance or universal life insurance as a cash accumulation tool or even because you want a permanent death benefit requires you to make a long term commitment to the life insurer.  Even buying term life insurance commits a rather lengthy attachment to a life insurer.  It's understandable that anyone would want to […]

The post Is it Better to Work with the Largest Life Insurers? appeared first on The Insurance Pro Blog.