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Risk is an inherent aspect of finances; without taking some risks, you’ll probably miss out on some things. In your finances, this might look like a lack of growth in your portfolio. We call that type of risk market risk, and it’s the one that most people are familiar with. …

  • Generally, people purchase life insurance because they have a spouse or child they want to protect financially in case they pass away.  But, there are several other reasons to buy life insurance that can benefit more than just those who need to protect their family. One of those benefits is accumulating tax-deferred, tax-free, cash value.  Just like a Roth IRA, the cash value in a permanent life insurance policy can grow on a tax-deferred status and be accessed tax-free, but without the consequence of incurring a 10% penalty if accessed before attaining age 59.5. “Living Benefits”, also known as “Accelerated…

  •   Most of us know you can use assets in a retirement investment account or an annuity to generate income during retirement. But did you know you can use certain kinds of life insurance policies to do the same thing?What kind of life insurance?There are two primary types of life insurance: term and permanent. To use an analogy, think of a term policy as renting a home, and think of a permanent policy as buying a home. Similar to building equity in a home you are buying, permanent policies usually have a feature where they accumulate money inside them called…

  • Raise your hand if you love your family. Even though some days the spouse or kids can be quite difficult and drive you nuts, I’m sure we’d all quickly throw our hands into the air to show support to this request. One way of showing your love to your family from a financial perspective, is by securing the proper type and amount of life insurance. This, unfortunately, is one area of financial planning that we see is oftentimes overlooked.    While we’d all love to live into our 80’s and 90’s, reality shows us not everyone will make it to…

  • The continuum on life insurance products and even philosophies can fill a gap as wide as the Grand Canyon. Risk management and mitigation are critical components to any sound financial plan. Yet, the topic of insurance regularly brings feelings of doom and gloom, uncertainty and misunderstanding. Particularly, when the conversation comes to life insurance. Life insurance is argued, marketed, and oftentimes not even recommended for the right planning reasons, or worst-case scenario, sold to a client when the various life insurance vehicles aren’t even understood. Life insurance is complex, needs context, a proper needs analysis, and then a sound recommendation. With…



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