LIFE INSURANCE

Category: LIFE INSURANCE

Life Insurance Dividend Options (Episode 063)

by | Dec 15, 2015 | 0 Comment

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Understanding Insurance Dividends

Join Bestselling author, Kim Butler and Todd Strobel as they discuss insurance dividends – what are they, where they come from, and what they can be used for. Figure out whether or not you can change your dividend policy, and what the most common strategy for dividends are. 

If you’re looking to learn about your insurance policy, ask for an “inforce” illustration or ledger from your insurance company. Then feel free to send it over to Kim and she’ll be happy to explain it to you, in plain english. She’ll tell you whether it’s universal life or whole life, the internal rate of return, strategies for how to save the policy if it’s starting to have problems, etc.

As always, we appreciate your questions, concerns and comments! Send us an email at welcome@partners4prosperity.com.

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How to Buy Life Insurance for a Child

by | Mar 28, 2014 | 22 Comments

“The sooner you save, the faster your money can grow…”
-Forbes.com, “The Five Most Important Money Lessons to Teach Your Kids”

Are you considering buying life insurance for a child?

Piggy bank familyIn last week’s post, “Life Insurance for Children and Grandchildren – The Surprising Benefits,” we revealed why many people decide to get life insurance for a child, from newborns to adult children. Among the benefits:

  • In a properly constructed policy, the cash value of a policy on a younger insured grows at an attractive rate of return for the policy owner.
  • Life insurance represents unparalleled estate planning benefits, such as the ability to transfer assets to the insured free of income, state, or gift taxes.
  • Policy owners appreciate the liquidity and flexibility of the cash value, including the ability to collateralize it or use it themselves, if needed.
  • The policies offer protection from financial loss, including the loss of income of a grieving parent.
  • Getting life insurance for a child guarantees future insurability.
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