Permanent life insurance is often overlooked when it comes to financial planning. Typical financial planning says, “buy term and invest the difference.” Few people actually understand the long-term benefits that a permanent whole life insurance policy can give them. The major advantages include tax-free death benefits and annual dividends. However, not all permanent life insurance …

Continue reading “Indexed Universal Life Insurance vs Whole Life Insurance”

Misconceptions that you need to know about if you, or someone you know, owns or is looking at any kind of Universal Life policy.

Gracine compares a Universal Life contract vs. a Whole Life Contract

Side by Side comparison

Whole Life, Universal Life, One Year Renewable Term, Level Premium Term

Term Insurance to Whole Life Insurance Term Conversion made simple. Michele McFie shares how to convert your convertible Term Insurance into a permanent life insurance policy that will build Cash Value for you. Many start with term insurance for its affordability and straightforward coverage, but as life changes, insurance needs evolve too. Michele provides a …

Continue reading “How to Convert your Term Insurance to Whole Life Insurance”

Discover the different kinds of Life Insurance and why you need the right kind when you’re building wealth.