Category Archives: INSURANCE AS AN ASSET

6 Ways to Save a Life Insurance Policy (even if you can’t afford the premiums)

“I bought a new life insurance policy but the small print is impossible to understand. All I´m sure of is that after I die, I can stop paying.” Do You Want to Stop Paying Your Life Insurance Premiums? What happens … Continue reading

Posted in CASH VALUE INSURANCE, FAMILY and FINANCES, INSURANCE ADVICE, INSURANCE AS AN ASSET, LIFE SETTLEMENTS, ORGANIZING YOUR FINANCES, WHOLE LIFE INSURANCE, WILLS and ESTATE PLANNING | Tagged , , , | Leave a comment

The Leverage Test: Can You Use Your Assets as Collateral?

“When we leverage, we aggregate and organize existing resources to achieve success.” – Richie Norton, The Power of Starting Something Stupid. When you invest or store your dollars somewhere, it’s important to consider if – or on what terms – … Continue reading

Posted in 401K's & IRA's, CASH VALUE INSURANCE, INSURANCE AS AN ASSET, WHOLE LIFE INSURANCE | Tagged , , , , | 1 Comment

Whole Life Vs. Universal Life: What Insurance Agents and Financial Advisors Really Think

“Believe (me), it’s not fun try­ing to explain to a client why his cash value went down and what are those high fees about.” – Agent/Advisor discussing Whole Life vs. Universal Life with a colleague Have you ever wondered if … Continue reading

Posted in CASH VALUE INSURANCE, INSURANCE ADVICE, INSURANCE AS AN ASSET, WHOLE LIFE INSURANCE | Tagged , , | Leave a comment

The Life Insurance Commission Shock: Whole Life Commissions vs. Mutual Fund Expenses

“Last week I bought a life insurance retirement policy. All I’ve got to do is keep up the payments for 15 years, then my agent can retire.” How much commission does a life insurance agents make? You might be very … Continue reading

Posted in ALTERNATIVE INVESTMENTS, CASH VALUE INSURANCE, INSURANCE AS AN ASSET, WEALTH-BUILDING, WHOLE LIFE INSURANCE | Tagged , , , , | 8 Comments

Too Old for Life Insurance? The Surprising Truth about Seniors and Life Insurance

 “Old age isn’t so bad when you consider the alternative.” – Maurice Chevalier How old is too old for life insurance? Recently, a Partners4Prosperity reader asked, “How well do ‘income for life’ type programs work for people within 5 years … Continue reading

Posted in CASH VALUE INSURANCE, INSURANCE ADVICE, INSURANCE AS AN ASSET, LIFE SETTLEMENTS, PERSONAL FINANCES, WHOLE LIFE INSURANCE, WILLS and ESTATE PLANNING | Tagged , , , , , | 3 Comments

Borrowing Against Life Insurance: The Pros and Cons

“A bank is a place that will lend you money if you can prove that you don’t need it.”  Bob Hope Two weeks ago we asked the question, “Should you borrow against your life insurance policy?” Today, we continue the … Continue reading

Posted in CASH VALUE INSURANCE, INSURANCE ADVICE, INSURANCE AS AN ASSET, PERSONAL FINANCES, WHOLE LIFE INSURANCE | Tagged , , , , , | 3 Comments

Should You Borrow Against Your Life Insurance Policy?

“Most people do not become rich because they fear the power of leverage.” -Robert Kiyosaki One of the advantages of a Whole Life Insurance policy is the ability to borrow against your cash value, though the concept is widely misunderstood, … Continue reading

Posted in CASH VALUE INSURANCE, INSURANCE ADVICE, INSURANCE AS AN ASSET, PERSONAL FINANCES, WHOLE LIFE INSURANCE | Tagged , , , , , | Leave a comment