Category: Financial Education
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What Is a Life Insurance Policy Loan? Understanding Whole Life Policy Loans
Read more »: What Is a Life Insurance Policy Loan? Understanding Whole Life Policy LoansMany people overlook one of the most powerful financial tools available through permanent life insurance: the policy loan. This unique borrowing option allows policyholders to access the cash value they’ve built in their whole life insurance policies, providing liquidity and opportunities that traditional financing often can’t match. Unlike conventional loans from banks, policy loans offer…
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Cash Value vs Death Benefit: What’s the Difference and Why It Matters
Read more »: Cash Value vs Death Benefit: What’s the Difference and Why It MattersNavigating the world of life insurance can feel like learning a new language. Two terms you’ll encounter repeatedly are “cash value” and “death benefit” — understanding their distinct roles is crucial for making smart financial decisions. Permanent life insurance policies offer more than just protection after you’re gone. They can serve as powerful financial tools…
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Fundamentals of the Capital Dividend Account
Read more »: Fundamentals of the Capital Dividend AccountOne of the most common questions I get asked by clients around owing their life insurance corporately, is if it is still tax free on death. The simple answer is “Yes”. When a life insurance policy is owned and paid for by a corporation, and the death benefit pays to the corporation, the full death…
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What Is Asset Management?
Read more »: What Is Asset Management?Asset management refers to the professional oversight of investment funds and client portfolios with an aim towards achieving specific objectives. These could range from maximizing return on investments, reducing associated risks, maintaining steady cash flow among others. This process involves making informed decisions about buying, selling, or reallocating assets based on thorough research and analysis…
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Reduce Your Exposure To Tax
Read more »: Reduce Your Exposure To TaxThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
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Understanding Contingent Beneficiary
Read more »: Understanding Contingent BeneficiaryThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
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Money Multiplier – Formula, Definition, Supply, Effect, Calculator
Read more »: Money Multiplier – Formula, Definition, Supply, Effect, CalculatorBecoming Your Own Banker is a financial strategy focused on your benefits not the banks. A way to grow your financial success using the power of time tested dividend-paying whole life insurance.
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How Do Dividends Work?
Read more »: How Do Dividends Work?How Do Dividends Work? Did you know that certain life insurance companies in Canada pay dividends annually to their participating whole life policy owners? Since 1848, Canadians who own these contracts have been receiving annual dividends each year without interruption. Yes, even during the Spanish Flu, the great depression, 30 recessions, H1N1, SARS, the financial…
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How to Get Tax Free Death Benefit
Read more »: How to Get Tax Free Death BenefitIf retirement is on the horizon for you or a major milestone you want to achieve, set a clear goal, and plan a reward for achieving it to help motivate you. Instead of planning an age or a date focus on a financial target that will produce the quality of life you are looking for.
