What Is a Life Settlement? A life settlement is the sale of an existing life insurance policy to a third-party investor for a lump sum that’s greater than the cash surrender value but less than the policy’s full death benefit. After the sale, the buyer takes over premium payments and becomes the policy’s beneficiary. Why […]
Why “Insure Your Love” Month Matters: The Importance of Having Life Insurance February is often associated with hearts, flowers, and celebrating the people who matter most. But it’s also Insure Your Love Month—a time dedicated to protecting those same loved ones through thoughtful financial planning. Life insurance isn’t just a policy; it’s a promise. It’s one […]
January marks Financial Wellness Month, making it an ideal moment to pause and reassess your long‑term money strategy. While budgeting, saving, and investing usually get most of the attention, one essential piece of the puzzle often gets pushed aside: life insurance. Many people associate it with later stages of life, but the truth is that […]
Life insurance for high net worth individuals (HNWIs) is crucial due to several compelling reasons: Estate Planning Life insurance can play a vital role in estate planning for HNWIs. It helps provide liquidity for estate taxes, ensuring that heirs can inherit assets without the need to sell them off at unfavorable times. Wealth Transfer HNWIs […]
Understanding the Impact and Importance of Awareness October marks Breast Cancer Awareness Month, a time dedicated to honoring those affected by this disease and to shining a light on the importance of education and early detection. It’s a month where communities come together to inform and empower, ensuring that knowledge and action can save lives. […]
Understanding Special Needs Planning Planning for the future of a loved one with special needs requires careful consideration, especially when it comes to financial security. Life insurance can play a pivotal role in ensuring that your family member receives consistent support, even in your absence. It offers a financial cushion that can cover costs related […]
Why Life Insurance? Many young adults overlook the importance of life insurance, often dismissing it as an unnecessary expense at an early age. In reality, only about a third of Gen Z and less than half of Millennials have life insurance coverage. This lack of awareness stems from common misconceptions like the belief that it’s […]
Source: Genworth’s CEO Aims for 2025 Long-Term Care Insurance Launch | ThinkAdvisor
Since November is National Long-term Care awareness month, I wanted to provide you with some valuable information on how to effectively discuss long term care with your clients. Long term care is an important topic that many individuals overlook until it becomes a pressing issue. As insurance agents, it is crucial for us to educate […]
Cash Value Life Insurance as an Investment “Cash value life insurance is a good long term investment” “Whole life insurance returns dividends in excess of seven percent” “Indexed universal life lets you accumulate money tax deferred and withdrawal at retirement time tax free” Truth or Hype The downside details that are downplayed, not mentioned, or […]