Should Grandparents Buy Life Insurance for a Grandchild? | Decision Tree Insurance
Grandparent owned life insurance on a grandchild sounds like one of the kindest gifts you can give a family — until you run the actual numbers against what that same money could do somewhere else, and the case gets a lot less obvious. A grandmother I’ll call Marie (a composite, not one specific client) came […]
Do You Need Life Insurance in Retirement?
Do you need life insurance in retirement, or is it just a bill left over from a decision you made thirty years ago? That question lands on my desk almost every spring, usually within a few weeks of someone’s last mortgage payment clearing. I had a version of this conversation again not long ago. The […]
What Happens to Cash Value When You Die? The Truth About Your Payout
There’s a claim that shows up in nearly every online forum where permanent life insurance gets discussed, and it’s almost always delivered with the same righteous certainty: “If you die with cash value in your policy, the insurance company just keeps it. Your family only gets the face amount.” It sounds like a scandal. It […]
Does the Infinite Banking Concept Actually Work?
I sell whole life insurance. I have for 23 years. So when I tell you the Infinite Banking Concept doesn’t do what its promoters say it does, I need you to understand: I wanted it to be true. When I first had it explained to me — borrow from your policy, keep earning interest on […]
Final Expense Insurance: Is It Worth It or a Waste of Money?
Contrary to what some life insurance agents may tell you, know that final expense insurance is not something everyone needs to own. However, everyone does need a plan for paying their final expenses. That distinction is the whole point of this article, and it’s the part the insurance industry rarely says out loud. There’s a […]
Why Stay-at-Home Parents Need Life Insurance Too
Introduction Here’s a sentence I’ve heard more times than I can count, usually said with complete confidence: “We only insured my husband — I stay home, so there’s no income to replace.” I understand why people say it. It sounds logical. No paycheck, no income to replace, no reason to buy coverage. The math looks […]
Seeing Through the Haze: Uncovering the True Cost of Owning Long-Term Care Insurance
The Challenges of Planning for Long-Term Care As we age, we may face new challenges, such as declining health and the need for long-term care services. This can be a difficult and overwhelming time for individuals and their families, as the emotional and financial cost of long-term care can be incredibly high. Long-term care insurance […]
Annuities versus Investing: The Balance of Risk and Reward in Retirement Planning
https://youtu.be/JSaZtAjU4d8 Annuities are a popular yet controversial investment choice for anyone seeking income from their money. They are a contract between an annuity owner and an insurance company in which the owner pays a lump sum or a series of payments over time in exchange for guaranteed future income. These payments can last for a […]
Sorry You Don’t Make Money Borrowing Using The Bank on Yourself or Infinite Banking Concept
Licensed insurance agents, out to sell more life insurance, are promoting both the Bank on Yourself and Infinite Banking concepts to explain how people can bypass banks and become their own source of money by properly structuring a traditional whole life policy. The idea behind Infinite Banking and the Bank on Yourself concept is that a person […]
Determining Break Even on Social Security Income
The factors you should be looking at when considering how long it will take you to break-even when you wait to take Social Security retirement are more involved than you may think. First of all, the decision of whether or not to take social security benefits as early as possible, the month you turn 62, […]