Planning for the future is critical in a world of uncertainty. Now what if there was a life insurance policy that provided more than just the death benefit? What if it could help you meet your financial goals during your lifetime and help you set up your family for success after you pass? Well, let’s …

Continue reading “Cash Value Life Insurance”

Let’s face it.  Mutual life insurance companies know how to avoid risk. That is why they have been profitable enough to pay dividends for well over 100 years consecutively, something that only 8 other companies have been able to sustain. That being said, mutual life insurance companies have to know their stuff or they would …

Continue reading “Following the Money”

CARES Act Impact on Retirement Plans and Your Once in a Lifetime Chance With high unemployment rates in the U.S., individuals are seeking access to savings accounts to sustain their family and/or business during the pandemic. Many are turning to their 401(k) retirement accounts as a financial safety net. Thanks to the CARES Act, many …

Continue reading “Avoid the 401K Withdrawal Tax Under the CARES Act”

Nelson Nash, the late founder of the Infinite Banking Concept, always talked about the importance of building a financial tailwind in order to overcome the cost of financing in your life. As a pilot Nash realized, when you fly into a headwind, your ground speed is greatly reduced if not completely annulled. You might …

Continue reading “Building Sustainable Wealth Using the Life Benefits Formula”

Charlie Daniels once stated, “I’ve kept people employed for over 20 years and never missed a payroll.”  On Monday, July 6, 2020 Daniels went home and will no longer have to concern himself with meeting payroll. Credited with the rise of country music after he starred himself in the John Travolta movie “Urban Cowboy” back …

Continue reading “The World Lost a Great Soul”

Universal life insurance became a popular life insurance policy in the 1980s. These policies differ from the common term life insurance policies or whole life insurance policies. So what is universal life insurance? Read on to learn about what it is, how it differs from other policies, and the challenges with this type of …

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Have you ever wondered, “Should I pay off my mortgage early?” Many homeowners ask this question because they want to get ahead financially.  My Mom and Dad paid off their first home in 5 years. They wrote a check and bought their second home with cash – a beautiful, 2 story brick home on 3 …

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Several years ago, 4 of our family members decided to get a private pilot’s license.  In order to pass the FAA exam, to fly legally as a general aviation pilot, you must have a certain number of hours where a certified flight instructor sits beside you and teaches you how to maneuver a plane around …

Continue reading “PWLI vs IUL The Difference Between Flying and Driving”

Procrastination is a killer!  It kills time, it kills ideas, it kills progress, and it kills opportunity.  In short procrastination kills the future. Interestingly, procrastination is not something that is easily identified, especially by those who are involved in it.  But the consequences of procrastination are similar to the consequences of losing something of value.  …

Continue reading “Your Money: No One Will Miss it ’til it’s Gone!”

George took a long breath and embarrassingly asked, “Should I be losing 51% of my monthly contribution to my 401k plan to fees”?  Obviously, George was ashamed of not knowing the answer, but a bit shy about asking lest he appear foolish. Typical Financial Planning has a way of making you feel foolish, embarrassed to …

Continue reading “Advising someone to buy life insurance can be considered unethical… here’s why”