The Policy Loan Interest Rate: Fixed vs. Variable Rates on Whole Life Loans When taking a policy loan against the cash value of a Whole Life policy, the policyholder must understand the interest rate mechanism,…
Gifting Life Insurance: Using Permanent Policies for Annual Gift Tax Exclusion Permanent Life Insurance policies can be an effective vehicle for wealth transfer by utilizing the annual federal gift tax exclusion. This strategy is essential…
The Term-to-Permanent Conversion Strategy: A Laddered Approach to Coverage For individuals who anticipate needing permanent coverage but cannot afford the full premium immediately, the **Laddered Conversion Strategy** offers a flexible, step-by-step approach. This involves converting…
How Universal Life Policy Performance is Affected by Low Interest Rates Traditional Universal Life (UL) policies credit interest to the cash value based on the insurer’s general portfolio earnings, which are highly sensitive to market…
Premium Paying Periods: 10-Pay, 20-Pay, and Life Pay Whole Life Options Whole Life insurance offers flexibility not only in its features but also in its premium payment schedule. Policyholders can choose to pay premiums over…