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Should a 60 Something Year Old Keep Life Insurance?

Baby Boomers are headed towards retirement. In most cases, our children are grown and the big ticket expenses like college are behind us. We are reevaluating our current financial position and goals. Do we need the added expense of life insurance? Should a 60 something year old keep life insurance? Here are 5 key reasons  Click to Continue

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Is Life Insurance more Attractive than a Roth IRA?

Sometimes it’s not whether one type of product is better than another, but educating yourself on both products. By learning about both products, one or the other or both may be ideal depending on what you are trying to accomplish in your specific situation. Many people are concerned about the recent tax increases for 2013.  Click to Continue

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5 Life Insurance Industry Predictions, Ready or Not?

Melissa Etheridge sang, “the only thing that stays the same is change”. That would certainly describe the future of the Life Insurance Industry. Are you preparing for this paradigm shift? Here are 5 Life Insurance Industry Predictions, ready or not? Future Customer – Business today revolves around a knowledgeable customer and what they want. Are  Click to Continue

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What is a Modified Endowment Contract?

Are you wondering the following question: “What is a Modified Endowment Contract?” Well continue reading below to get a general understanding of them. A Modified Endowment Contract (MEC) is a special type of life insurance under federal income tax law. Specifically, the law prescribes a test that is intended to differentiate between policies that are  Click to Continue

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Which Cash Value Life Insurance is Better? Whole Life vs Indexed Universal Life

Which Cash Value Life Insurance is better… Whole Life or Indexed Universal Life? Below is a quick analysis of whole life vs indexed universal life insurance: The most unique feature of permanent life insurance is that under Section 72(e) and 7702 of the Internal Revenue Code the accumulation of cash inside the insurance contract is tax  Click to Continue

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What is Term Life Insurance?

What is Term Life Insurance? Term life insurance can provide you with coverage for a specified period of time (the stated “term” in the policy). With this type of insurance, the owner’s beneficiary or beneficiaries will receive the stated amount of insurance in the event he or she passes away during the term period. However,  Click to Continue

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Hedging Strategies of Life Insurance Companies Explained

Insurance companies are some of the very best in the world at hedging. Hedging strategies of life insurance companies are complex, but there are some high level terms and process that are fairly easy to understand. Here are the two primary lessons this video will teach you: Learn why returns are different between static and  Click to Continue

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Can Employers Purchase Life Insurance Policies on Their Employees?

The discussion of life insurance is typically not a joyous occasion given that it is always surrounding a delicate subject. This fact is even more true when the beneficiary of the life insurance policy is not the person’s family, but their employer. Yes, we’re talking about the fact that employers purchase Life Insurance policies ON  Click to Continue

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