February 8, 2019

In the United States, there are really only two places you can put your retirement money: either in a Non-Qualified Plan or in a Qualified Plan. The main difference between the two is Non-Qualified Plans use after-tax money and with Qualified Plans use pre-tax money. Both plans typically invest in the same type of investment vehicles, stocks, bonds, mutual funds, life insurance, and annuities.

January 10, 2019

You are insured, right? Most people own auto insurance. The odds of having a car accident are 0.33% (or 3 in 900). Most people own fire insurance for their home. The odds of having a residential fire are 0.77% (or 7 in 900). Most people own health insurance.

January 10, 2019

When you look at an insurance illustration, the Year One cash surrender value (CSV) of an index universal life (IUL) illustration assumes the end result of Year One. That’s after interest has been credited to the policy. But in the premium finance world, you make your first-year premium payment before interest is credited to the policy. To accurately calculate the collateral requirement in Year One, a premium finance proposal should assume that the IUL policy gets a zero return and then subtract the Year One cash surrender value from the loan balance.