A lot of people are being encouraged to own Indexed Universal Life policies or “IULs”. IULs are life insurance policies that grow a cash value over time – similar to a whole life insurance policy. However, unlike whole life insurance policies, IUL
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When would you like to retire? At 65? 55? 45? Well, depending on your answer and how old you are now, you can calculate how much you have to save and invest each month to create an acceptable passive income stream
Life insurance is an important part of any financial plan. This may include term life insurance as well as permanent life insurance such as whole life and universal life insurance. All life insurance provides a safety net for your loved ones in
The “buy term and invest the difference” strategy became popular a few years ago in some circles as a way to save money on life insurance premiums while still investing for the future. The idea behind the strategy is simple: instead of
When it comes to financial planning, one of the most important things to consider is how you’ll generate income in retirement. An annuity is a financial instrument that can help you achieve this goal. Annuities are insurance products that are designed to
Section 125 wellness plans, also known as “cafeteria plans,” are employee benefits plans that allow employees to choose from a range of benefits, including health insurance, life insurance, and retirement plans. The name “Section 125” refers to a specific section of the
Life insurance policies and trusts can be combined in estate planning to help people protect their assets and protect the financial futures of those most important to them. Life insurance trusts are created when an individual (called a grantor) transfers ownership
Retirement planning is something that many of us think about, but often put off until later in life. However, the earlier you start planning for retirement, the more time you have to save, invest and grow your wealth. In this Insights
Life insurance is an important financial product that provides protection for your loved ones in the event of your death. It is essential to regularly review your life insurance policy to ensure that your policy is still aligned with your current
When it comes to protecting your home and your mortgage, you may have come across the terms private mortgage insurance ( PMI) and mortgage protection insurance (MPI). While these two types of insurance may seem similar, they actu ally ser ve