Premium Financing of Life Insurance
Introduction Typically, when an individual purchases life insurance, he or she pays premiums directly to the insurer with cash. But high-net-worth individuals often need large amounts of life insurance, requiring significant premium payments. Some individuals have sound financial reasons for not wanting to pay these higher premiums with cash–for example, they may not want to […]
Life Insurance as an Asset
Obtaining life insurance is a benchmark for many adults when building their portfolio. Earning income is one thing but protecting it for your loved ones upon your death is quite another. The primary objective of life insurance is providing that financial support after you’ve passed, but there are other benefits to permanent life insurance that […]
Funding a Buy-Sell Agreement with Life Insurance
As a partner or co-owner (private shareholder) of a business, you’ve spent years building a valuable financial interest in your company. You may have considered setting up a buy-sell agreement to ensure your surviving family a smooth sale of your business interest and are looking into funding methods. One of the first methods you should […]
9 Reasons You Need Life Insurance
As a young person, life insurance may not be a pressing concern. With so much life ahead, saving and investing may not take precedence for you right now. However, it’s important to recognize that present choices profoundly impact your future financial security. Explore the significant advantages that life insurance can provide for the present and […]
There’s More Than One Type of Life Insurance
The Covid-19 pandemic influenced all our lives in different ways, some tragic, but also some that have made us rethink our needs and goals. While some have decided they want a new type of career; others have devoted more of their lives to helping those in need. One impact has been to protect loved ones […]
4 Reasons Why People Don’t Have Life Insurance
Here are 4 reasons why people do not have life insurance, a much-needed piece in their financial portfolio.