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More than 6 out of 10 Americans age 18-34, believe that we need a “strong government to handle today’s complex economic problems” while only slightly over one-third believe that “the free market can handle these problems without government being involved.”[i] The Problem: Millennials can’t remember a time when everyone didn’t own a cell phone, have …

Continue reading “Why Socialism Is So Appealing to Millennials”

You may have the option of taking a withdrawal or a policy loan against the permanent life insurance that you own. That is because permanent life insurance policies can create surrender value.  Surrender value, commonly called cash value or accumulated cash value, can be withdrawn from the policy, borrowed from the policy, or used as …

Continue reading “Life Insurance Policy Loans and Withdrawals – how and when to use them”

One of the biggest misunderstandings that progressives propagate is that capitalism is evil because it takes from the poor and multiplies the riches of the wealthy.  But nothing could be further from the truth.  Capitalism actually is a selfless service to others and should be cherished. Namely, because it accomplishes all the things that progressives …

Continue reading “The Importance of Capitalism”

After fighting Marxists, both here and abroad for at least the last 70 years, who would have ever thought that Americans today would be considering Marxism to be a better way of life? But that is exactly what is happening.  From college campuses to the NBA, and from the politically naïve to progressives in the …

Continue reading “Wealth Inequality in America: Is it Wrong to Be Wealthy?”

Many people believe that paying off a mortgage as fast as you can is the best way to avoid losing money to the cost of interest.  But with the new 2017 Tax Cuts and Jobs Act, the deduction for the interest that your home mortgage provides is not really an issue anymore because the standard …

Continue reading “The Best Way to Pay Off a Mortgage”

As the word “term” implies, Term Life Insurance provides coverage for a certain term, or period of time.  Like automobile insurance, home owner’s insurance or health insurance, premiums for Term Life Insurance coverage have to be renewed periodically, or the coverage will expire. Therefore, Term Insurance contracts are not classified as permanent insurance. It is …

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The purpose of Whole Life Insurance is to provide coverage for the insured, for their entire lifetime.  Traditionally, Whole Life Insurance is a consumer demanded product that offers more than just a death benefit by permitting the policy holder to build equity in the policy. Paid Up Insurance Equity implies ownership.  Equity is the value …

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Reduced risk, flexibility and the opportunity to increase your cash value is what Indexed Universal Life Insurance (IUL) promises for those who are looking for a permanent life insurance policy.  The objective goal of an IUL policy is to “outperform the index”[i] on which the IUL is depending on for its cash value growth. IUL …

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Not long ago a client asked for an independent review of his investment portfolio.  He was under the impression that there were NO fees associated with his investment account and was puzzled as to why his earnings didn’t match up to the returns of the market. This is a common misnomer, as market return is …

Continue reading ““Free” Isn’t Always Fee-Free When it Comes to Your Money”

It seems that premium financing to purchase life insurance is becoming a common marketing tool to sell more life insurance to business owners and private individuals.  Whether the marketing strategy is focused on how you can borrow against a life insurance policy you already own to finance another life insurance policy premium or the marketing …

Continue reading “Premium Financed Life Insurance: A Risky Endeavor”