Table of Contents: Tax Codes and Life Insurance Is Life Insurance Tax Deductible? When Are Life Insurance Proceeds Taxable? Tips for Minimizing Taxes on Life Insurance Benefits Tax-Advantaged Life Insurance Policies with McFie Insurance In America, taxes play a large role in our daily lives. Life insurance plays a valuable role when people want to …

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When it comes to choosing a life insurance policy,  there are many different types of life insurance available.How do you know which life insurance types might be right for you? Here is a guide to the most common types of life insurance and how to choose the one that will be best for you. KEY …

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  Table of Contents: Should I Purchase Child Life Insurance? What Is Child Life Insurance? How Does Children’s Life Insurance Work? The Pros of Life Insurance for Children Common Arguments Against Buying Life Insurance for Children Frequently Asked Questions About Child Life Insurance Get Child Life Insurance With McFie Insurance KEY POINTS When discussing life …

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Table of Contents: What is Private Family Banking (PFB)? Why Use Private Family Banking? How to Start a Private Family Bank Pros and Cons of the Private Family Bank Strategy Is a Private Family Bank Really Your Own Private Bank? Conclusion Private family banking (PFB) is a strategy that involves using whole life insurance policies …

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Table of Contents: What is a Modified Endowment Contract (MEC)? MEC Criteria How Do You Avoid Creating a Modified Endowment Contract? What is the Tax Treatment of MEC Insurance? When Is a MEC Advantageous? Conclusion Since their origin, life insurance policies have always been an advantageous way to ensure financial security for family members and …

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Table of Contents: What’s the Difference Between Whole Life Insurance and Variable Universal Life Insurance? Whole Life vs Variable Universal Life VUL vs IUL Difference Why Choose Whole Life Insurance? VUL and IUL Similarities Is Universal Life Insurance Better than Whole Life Insurance? The Bottom Line KEY POINTS Whole life insurance guarantees stable performance with …

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Table of Contents: What is Family Life Insurance? How Life Insurance Protects Families Benefits of Life Insurance Family Life Insurance Example Best Types of Life Insurance for Your Family Family Life Insurance Riders Advice When Buying Family Life Insurance KEY POINTS Family Life Insurance: Utilizes life insurance in family planning, providing both a death benefit …

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Table of Contents: What Is an Insurance Rider? How Do Insurance Riders Work? What Are the Benefits of Adding an Insurance Rider? Examples of Life Insurance Riders Is Adding a Life Insurance Rider Worth It? How Much Does It Cost to Add a Policy Rider? Adding an Insurance Rider What Is an Insurance Rider? An …

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Most investments fit into one of four basic classes: Ownership Lending Cash Intangible When you invest in stocks, you’re buying a piece of ownership in a company, whereas bonds directly involve lending money. Money market securities offer a way to keep your cash accessible and safe, and they even let you earn a little bit …

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Life insurance policies have many benefits. One of the most important of these benefits is the death benefit. It’s important to give financial stability to your loved ones should you pass away unexpectedly. This is why when you purchase a policy, you’ll also want to select a beneficiary for your policy.  You can choose people, …

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