The Guaranteed Insurability Rider (GIR): Securing Future Permanent Coverage The **Guaranteed Insurability Rider (GIR)** is a valuable rider for young policyholders who anticipate future financial growth or family expansion but want to secure their right…
Joint First-to-Die Life Insurance: Protecting Against the Loss of an Income Earner While Joint Last-to-Die (Survivorship) insurance is common for estate planning, **Joint First-to-Die** insurance is a policy that covers two individuals (usually a married…
The Risk of Over-Funding in Permanent Life Insurance (MEC and Tax Issues) While aggressively funding a permanent policy (especially with PUAs) is a popular strategy to maximize cash value, there is a strict limit imposed…
Term Life vs. Permanent Life: The Cost of Insurance (COI) Over Time The choice between Term and Permanent Life Insurance often comes down to the comparison of their respective Cost of Insurance (COI) structures over…
Understanding the "Spread" in Universal Life Insurance Crediting Rates In traditional Universal Life (UL) policies, the **Spread** (or margin) is a key concept that impacts the actual interest rate credited to the policyholder's cash value.…