The Use of Permanent Life Insurance for Key Employee Retention (Executive Bonus Plans) Permanent Life Insurance is a valuable tool for businesses seeking to reward and retain top talent through a strategy known as a…
Understanding the Policy's Face Amount: Death Benefit vs. Cash Value The **Face Amount** is the most misunderstood term in Permanent Life Insurance. It represents the base death benefit amount the insurance company is contractually obligated…
Universal Life's Policy Review: The Critical Need for Stress Testing Due to the flexible, non-guaranteed nature of Universal Life (UL) and Indexed Universal Life (IUL), an annual review must include a **stress test**—a simulation of…
Actuarial Risk Classifications: How Gender and Smoking Status Affect Premiums The premium you pay for Permanent Life Insurance is fundamentally tied to the statistical probability of the insurance company paying a claim. This probability is…
The Use of Whole Life as an Emergency Fund: High Liquidity, Low Risk While traditional financial advice recommends keeping an emergency fund in a high-yield savings account, a well-funded Whole Life policy can serve as…