At first you might think that this is a repeat of the last entry, Variable Universal Life. However, there is a subtle yet distinct difference. In this new form of Life Insurance, there is not the term "Universal." What this...
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Applying Universal Life In Your Business Succession Plan
In our last article we covered the concept of how to use Universal Life Insurance in a Business Succession Plan. The main point was to offer some flexibility in the payment of Life Insurance premiums. A secondary concept...
Fitting Universal Life Insurance In a Buy-Sell Plan
In our previous discussion we addressed the concept of Universal Life Insurance. While the premium is higher than your Term Life Insurance, it accumulates tax-free monies. For this reason it may an important consideration for many to use this vehicle...
Too Cheap and Too Exepnsive. What can I do?
You may like the idea of the low premiums on a Term Life Policy but don't like the fact that it's good for only a set period of time. On the other hand, you may like the permanent nature of...
The Four Components Of Any Life Insurance Program
The Background: I thought it would be fitting at this juncture to describe the four players in any Life Insurance policy as often there is some confusion. First let me give you a brief description of any actual case. ...
Additional Uses of Whole Life Insurance in a Buy Sell
The tax-free cash build-up is another example of a use of the Whole Life Insurance in a Buy-Sell plan. Business owners may shy away from such plans because of the higher premiums. Nevertheless, it becomes a good source of funds...
Application To Whole Life Insurance Funding A Buy-Sell
As was mentioned previously, this form of Whole Life Insurance builds a cash accumulation fund within the Life Insurance. The premiums are higher than a straight Term Life Policy. The large difference in premiums is largely due to the cash...
Introduction To Whole Life Insurance To Fund Buy-Sell
Having just covered Term Life Insurance one can easily see a disadvantage in this approach. Premiums are never level and at some point will increase. Add the fact that there is no cash value accumulation and you have many disgruntled policy...
Additional Thoughts for Term Life Insurance for a Buy-Sell
I considered naming this entry as Finishing Touches on Term Life Insurance. However, since we will be considering other forms of Life Insurance to fund your Buy-Sell agreement we will be comparing Term Life to the other types. So in...
Group Term Life Insurance in a Buy-Sell?
Client says to me, "can you make my premium payments for Life Insurance in a Buy-Sell tax deductible, lower my premium payments, and make it income tax-free for at least a portion of the Life Insurance to me and partners?...