Blog

How Term Life Insurance Works

Nov 6, 2019Tomas McFie

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 …

Read More...

How Whole Life Insurance Works

Oct 29, 2019Tomas McFie

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 …

Read More...

How Indexed Universal Life Insurance Works (IUL)

Oct 23, 2019Tomas McFie

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 …

Read More...

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

Oct 16, 2019Tomas McFie

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 …

Read More...

Premium Financed Life Insurance: A Risky Endeavor

Oct 9, 2019Tomas McFie

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 …

Read More...

Budgeting Strategies… What Are You REALLY Worth?

Oct 2, 2019Tomas McFie

Senator and presidential candidate Elizabeth Warren made the 50/20/30 budget plan popular in her book “All Your Worth”.[i]  In her book Warren outlines that you should spend 50% of your income to pay for things you absolutely need.  This includes: Housing costs Transportation costs Groceries, Clothing, and Utilities Insurance premiums Minimum debt payments on credit …

Read More...

How to AVOID Losing Your Money In Retirement

Sep 25, 2019Tomas McFie

One of the biggest things that retired Americans are doing that costs them serious money is home improvements.[i]  Either by fixing up their existing home to sell or merely to finally have the home of their dreams, newly retired seniors are throwing away their money believing that these kind of home improvements will actually prove …

Read More...

Losing Your Money is Optional

Sep 18, 2019Tomas McFie

“Faster, faster, faster, until the thrill of speed overcomes the fear of death.” That was the tattoo inked on the arm of the fellow sitting across the aisle on the plane.  And it is that same line of thinking that coaxes opioid users to have “Narcan Parties.” Narcan parties are the newest thing on the …

Read More...

The Fundamentals of the Infinite Banking Concept

Sep 11, 2019Tomas McFie

According to Money, and based on the median income and the cost of living expenses in all 50 states, there are 18 states in the United States where your take home pay feels like you made more than you actually do.  In 16 states, it feels like you make less than you actually do. And …

Read More...

Are Wedding Loans Worth It?

Sep 4, 2019Tomas McFie

In the last year alone wedding loans have increased by 144%[i]. As for interest rates on these unsecured loans, they typically start around 5% and can go up to 14%. That’s a lower interest rate than some might pay on a credit card.   That being said, how smart is it to begin your marriage with …

Read More...
27 Pages | 264 Results
Introduction to the Life Benefits Formula™ in Las Vegas, Thurs Feb 20th, 2020See Details and Register here
+