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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What Are Annuities? (Fixed Guaranteed) Table of Contents: What Are Fixed Annuities? How Do Annuities Work? Do Fixed Annuities Count As Securities? How to Finance a Fixed Annuity How Does an Annuity Work for Different Ages? What Are the Benefits of a Fixed Annuity? What Happens to the Premiums Paid into Fixed Annuities? Who Is …

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Table of Contents: How Does Premium Financed Life Insurance Work? Who is Premium Financing For? What Are the Risks of Premium Financing? Should I Use Premium Financed Life Insurance? It seems that premium financing to purchase life insurance is a common marketing tool to sell more life insurance to business owners and private individuals.  Whether …

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Table of Contents: What Is Reduced Paid Up Insurance? When Is Reduced Paid Up Insurance Right for You? Who Should Avoid a Reduced Paid Up Option? Alternative Funding and Nonforfeiture Options Pros and Cons of Reduced Paid Up Insurance Paid-up Additions for Life Insurance Reduced Paid Up Policies With McFie Insurance Reduced paid up insurance …

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Table of Contents: What Is Term Life Insurance? How Does Term Life Insurance Work? Annual Renewable Term Life Insurance Buy Term, Invest the Difference Level Term Life Insurance Who Should Own Term Life Insurance? Term Life vs. Whole Life Insurance Schedule a Strategy Session with McFie Insurance   KEY POINTS Term Life Insurance: Offers coverage …

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AUTHOR’S NOTE JUNE 2023: As interest rates have increased through 2022-2023, Velocity Banking is becoming less popular because it depends on access to a Home Equity Line of Credit (HELOC) where the interest rate is usually variable – recently increasing. This article was written a few years ago and highlights potential issues with the Velocity …

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