The versatility and openness of universal life insurance’s costs define it. We can readily pull up the expense breakdown of universal life insurance policies and see exactly where the money goes, unlike whole life insurance, where expenses function under the cover of confidential information. Expenses for universal life insurance policies can be divided into four … Read more
To be quite honest, writing this piece is making me feel a little bit like the character played by Jack Nicholson in the film “A Few Good Men.” Do you recall the sequence in the movie that stands out the most, where Tom Cruise is questioning Nicholson and asking him to tell the truth? “You … Read more
The use of life insurance to fund retirement is a little more complex topic in the context of financial planning and life insurance. The life insurance salespeople adore it, but stock jockeys detest it. That should come as no surprise. However, is there anything particularly unique that life insurance offers? Or would it be wiser … Read more
People frequently observe that universal life insurance appears to offer significantly smaller guarantees when comparing it to other life insurance products, such as whole life insurance, and especially when considering its ability to accumulate cash value. Indeed, the following passage from a proposal for indexed universal life insurance emphasises its low guarantee: This 45-year-old male … Read more
Over the last ten or more years, the stock market has performed incredibly well for us. The market appeared to be in a never-ending rush to reach ever-higher levels. In fact, by starting blogs and giving out financial advice that essentially repeated the now-deceased Jack Bogle’s long-standing philosophy, a huge number of amateur investors acquired … Read more
Forbes released a piece in July of this year with the goal of “Sounding the Alarm on Indexed Universal Life Insurance.” If you would want to cite this article, here it is. The post promotes several half-truths and makes numerous false claims on universal life insurance, just like all the ones that came before it. … Read more
When it comes to budgeting for your retirement income, whole life insurance can be very beneficial. This may go against the grain of advice you get from investment salespeople, but I believe we have shown over the last ten years that whole life insurance serves as an excellent retirement income source that not only functions … Read more
We’re currently seeing interest rates that haven’t been this low in a few decades due to the Fed’s continuous fight against inflation. For many of us, the cost of money has never been higher in our adult lives. It should come as no surprise that this is causing some borrowing behaviour to change. Mortgage rates … Read more
We have long maintained that a lot of the fear techniques are quite coercive and are intended to discourage individuals from purchasing universal life insurance products. The majority of the “evidence” consists of stories about “I know someone who knows someone who” who formerly owned one of those goods and experienced negative outcomes. Bad things … Read more
While the majority of financial advice places a strong emphasis on maximising return while minimising fees—possibly explaining why so many people’s financial plans fail over time—I’m going to take a moment today to introduce a concept that, while by no means novel, is one of those pearls of wisdom that has the power to fundamentally … Read more