Выпусков: 186

Want to discover step-by-step how true professionals help their clients win big using life insurance to build cash, get great returns without taking risk, and develop a tax free income? What can be improved in your financial strategy by using life insurance as a tool? Listen for the whole story!

The Insurance Pro Blog Podcast The Insurance Pro Blog

    • Инвестиции

Want to discover step-by-step how true professionals help their clients win big using life insurance to build cash, get great returns without taking risk, and develop a tax free income? What can be improved in your financial strategy by using life insurance as a tool? Listen for the whole story!

    Top Five Lies your Life Insurance Agent is Telling you

    Top Five Lies your Life Insurance Agent is Telling you

    Life insurance agents are people, too.  They have social lives, families, and dreams.  They aspire to make as much money as possible and desire nice things–or at least financial peace-of-mind.  But in this pursuit, some of them bend the rules a bit and distort reality in an attempt to close a sale.  There are too […]

    • 41 мин.
    Universal Life Time Bomb…Myth?

    Universal Life Time Bomb…Myth?

    Did you buy universal life insurance between 1980 and 1999?  If you did, you might be entitled to compensation from predatory life insurance sales tactics that duped you into thinking that you could buy cheap life insurance without any notice that what you were doing was a potential disaster.  For years, life insurance companies willingly […]

    • 31 мин.
    Are You a Double Secret Adviser?

    Are You a Double Secret Adviser?

    Did you know that there are regulatory organizations that spend their time debating over who's allowed to use a word and who's not? Yes, in the endless search for truth and justice in the financial services industry, we've run out of real problems… Those in favor of regulating every single aspect of how financial service […]

    • 34 мин.
    Is Whole Life Insurance a Good Investment?

    Is Whole Life Insurance a Good Investment?

    If I had a dollar for every time someone asks me is whole life insurance a good investment, I'd have quite a few more dollars in my pocket.  But this is a seriously good question, and I know many have talked at length about it--even us.  


    I believe that answering such a question comes down to two basic considerations.  


    On the one hand, we have a theoretical contemplation.  This encompasses issues about whole life insurance like its tax free benefits, its versatility, and the security is provides.


    Then we have the empirical review.  This is the cold hard data that either accepts or rejects the notion that whole life insurance could be a good (or bad) investment.  


    There's a lot to peruse here on The Insurance Pro Blog that addresses the theoretical aspects of if whole life insurance is a good investment.  So today, I want to shift focus instead to the empirical data.  


    But First a Disclaimer

    I hold an insurance license.  That makes me an insurance agent.  This means I sell life insurance.  So yes, I can't claim I'm completely an unbiased source of information.  A disclaimer stating such was one of the first things I published on this blog way back in 2011 when it began.  But this isn't really what I'm looking to disclaim.  Instead I want to focus for just a couple of seconds on the word "investment."


    There are some prevailing theories that believe it's a no-no to refer to life insurance as an investment.  Some even suggests there are regulations that explicitly prohibit it.  I'm not here to explain my legal theory on if someone can or cannot refer to life insurance as an investment in varying contexts.  I'm going to note that I'll be using the word "investment" today in a colloquial sense because that's the nomenclature most people assign to "thing-I-use-to-save-for-the-future" and as such it's much shorter and lot quicker than typing "thing-I-use-to-save-for-the-future" for the rest of this blog post.  


    Is Whole Life Insurance a Good Investment?  Historical Data

    Many years ago, I published a blog post highlighting the historical performance of a whole life policy.  Policy details came from a voluntary disclosure found on an internet forum.  


    The data on the policy showed that it performed quite well from inception to the current time frame of the discussion.  I reference this blog post often whenever asked is whole life insurance is a good investment, and I believe the numbers tell a compelling story about what can accomplish provided proper execution of a whole life policy for this purpose.  


    But, this data is getting a bit aged.  I don't have contact with the individual who shared this data, so sadly I cannot update it.  As the years go by, the weight of this data declines and I'm keenly aware of that.  


    So what to do.


    Looking at New Historical Whole Life Data

    My career as a life insurance agent spans over a decade, so I ought to have real historical data on whole life policies...and I do.  


    In fact, I have data on my own whole life policies.  


    A few weeks ago, I published a blog post that compared the accumulation of cash values in my own whole life policy, versus the results I would achieve if instead I invested the premiums over the same time period in an S&P 500 index ETF.  


    Here again, we see that a whole life policy designed to maximize efficiency performs very well relative to a broad stock market investment.  Taking it a step further,

    • 32 мин.
    A Critical Review of A Critical Review of Indexed Universal Life Insurance

    A Critical Review of A Critical Review of Indexed Universal Life Insurance

    Indexed universal life insurance reviews are in no short supply all throughout financial media as well as the internet.  Recently, a review came from a source that most of us would consider authoritative on the subject.  In a mini white paper titled A Critical Review of Indexed Universal Life, Scott Witt rolled out a multi-point […]

    • 57 мин.
    The Life Insurance Loan Process: A Step-by-Step Guide

    The Life Insurance Loan Process: A Step-by-Step Guide

    With COVID-19 shutting down lots of major business activity in the United States, it's no surprise that a lot of people are experiencing fluctuations in cash flow.  For many, the exact impact this will have depends entirely on the length of the current shut down. For those out of work, working reduced hours, or those […]

    • 24 мин.

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