Rank #1: Best Whole Life Insurance Products for Cash Value 2018
We originally released our opinion on the best whole life products for cash value accumulation in 2013. We re-visited the subject in 2014, and then never again discussed the topic. In truth, the topic became a bit boring to me. Year in and year out the list didn't change much, and the reason for various […]
The post Best Whole Life Insurance Products for Cash Value 2018 appeared first on The Insurance Pro Blog.
Aug 09 2018
Rank #2: Are Whole Life Insurance Policies Worth It?
If you've been doing a lot of research about the different types of life insurance, maybe you're wrestling with a big question…Is whole life insurance worth it? That's a simple question with a not-so-simple answer. It depends on what you want to accomplish. If you're young, just getting started in your career and only have […]
Jan 25 2018
Rank #3: IPB 089: The Misery of Retirement
The 2017 Boomer Expectations for Retirement survey from the Insured Retirement Institute reveals that things are not really improving for Boomers as they move into and toward retirement. There are more than a few disturbing statistics to share. I recommend you follow along with the report as you listen to this week's episode, it […]
Nov 09 2017
Rank #4: IPB 087: Listen Carefully, We Have Something Important to Tell You About Life Insurance
Often times, understanding the power of cash value life insurance requires a paradigm shift. It's not all that complicated really, just not entirely comparable to anything else. A vast majority of folks that we talk with have some sort of vernacular when it comes to investing, saving or building their financial plan. They understand […]
The post IPB 087: Listen Carefully, We Have Something Important to Tell You About Life Insurance appeared first on The Insurance Pro Blog.
Oct 26 2017
Rank #5: IPB 095: When a Lower Rate of Return Gives You More Money
“Whole life insurance/universal life insurance is a terrible investment because the rate of return is horrible.” We've heard that before. You don't have to wander the interwebs far to find someone peddling this bologna. If you don't believe me, see here, here, here, and here. None of those four authors hold a license to sell […]
The post IPB 095: When a Lower Rate of Return Gives You More Money appeared first on The Insurance Pro Blog.
Jan 18 2018
Rank #6: Is 10 Pay Whole Life Insurance Any Good?
Using whole life insurance as a place to store cash and to accumulate wealth works well for people who have a decent amount of discretionary income and realistic expectations. Most life insurance companies teach their agents that using a 10 pay whole life insurance policy is one of the best ways to accomplish the goal […]
Sep 13 2018
Rank #7: Advantages and Disadvantages of Life Insurance
Life insurance comes with great benefits and a few disadvantages. For the average person out there looking to gain a better understanding of life insurance, we put together this list of the top three advantages and disadvantages. We hope that it will help you navigate your own insurance purchase a little better. Top Life Insurance […]
Jun 27 2019
Rank #8: Should I Buy Whole Life Insurance?
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 […]
Apr 11 2019
Rank #9: Whole Life Insurance as an Investment
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 […]
Apr 04 2019
Rank #10: The Key to Selling More Whole Life Insurance
Oct 18 2018
Rank #11: IPB 106: Diversifiable Risk vs Market Risk: The Discussion You’re Not Having
Today we’re talking about what happens when it all falls apart. DISCLAIMER: We’re not offering any sort of individualized investment advice. This is for entertainment purposes. We just sell life insurance. For most financial advisors, there are a lot of discussions about retirement/financial plans, portfolios, adequacy, and strategy, but there’s not a lot of talk […]
The post IPB 106: Diversifiable Risk vs Market Risk: The Discussion You’re Not Having appeared first on The Insurance Pro Blog.
Apr 19 2018
Rank #12: When Shopping for Life Insurance The Best Strategy Is to…
When shopping for life insurance, the best strategy is first to understand your objective in buying life insurance and then focus on the products best suited to meet that goal. This statement might sound a bit underwhelming or generic, but it has considerable nuanced implications that I want to spend time building out a bit. […]
The post When Shopping for Life Insurance The Best Strategy Is to… appeared first on The Insurance Pro Blog.
May 23 2019
Rank #13: Whole Life Insurance Pros and Cons
First, I feel the need to provide context for this post. 99% of our clients want to use cash value life insurance as an asset class. Which means people need to distinguish whole life insurance from indexed universal life insurance. Yes, there are other products. But none that we feel are worthy of consideration. Which is better? What are […]
Oct 04 2018
Rank #14: Overfunded Life Insurance
Overfunded life insurance, what on earth is that? I hear you cry out. Perhaps you ran across the concept mentioned briefly somewhere on the internet. Or maybe someone suggested that you buy an overfunded life insurance policy. If you're trying to discern the notion of overfunded life insurance, we'll break it down for you and […]
Feb 21 2019
Rank #15: The Life Insurance Retirement Plan
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 […]
May 02 2019
Rank #16: IPB 094: The Ticking 401k TimeBomb
The Center for Retirement Research at Boston College has released their latest report which compiles information from the Federal Reserve's: Survey of Consumer Finances (SCF) which provides a glimpse into 401k balances etc. However, what's really important is the information lurking just below the surface. You've gotta read between the lines a bit to see […]
Jan 04 2018
Rank #17: Indexed Universal Life Insurance Pros and Cons
There are so many questions floating around the internet that center around indexed universal life insurance pros and cons. Indexed universal life insurance is the hottest thing going in the life insurance industry at the moment, tough to deny that. Sales continue to lead all other categories, and it's safe to assume this product is […]
Jun 07 2018
Rank #18: IPB 134: Holistic Financial Planning is Poised to Win Big
To kick off the new year, we are raising the white flag. We have to concede a position we've long held because consumer sentiment appears to overwhelmingly head in the opposite direction. For years, we've lampooned the notion of the “holistic” financial planner. Simply, the notion that one person or small firm encompasses the entire […]
The post IPB 134: Holistic Financial Planning is Poised to Win Big appeared first on The Insurance Pro Blog.
Jan 03 2019
Rank #19: IPB 117: Why Are Life Insurance Companies Afraid to Communicate?
Why is that life insurance companies seem so reluctant to answer important questions? If you've been in the life insurance biz long enough this is probably one of your many laments. It certainly is for us. Episode 117 is largely based on a blog post that was published by Joseph M. Belth. You should go […]
The post IPB 117: Why Are Life Insurance Companies Afraid to Communicate? appeared first on The Insurance Pro Blog.
Aug 02 2018
Rank #20: How to Plan Retirement Income
It occurred to me recently that 2018 marks a milestone anniversary for me. I've now worked professionally in the financial services/insurance industry for 10 years. That's 10 years of being paid to assist people to navigate various financial mazes. Most usually the primary topic at hand is life insurance, but there are plenty of circumstances […]
Jun 14 2018