2025 Guide to IUL Life Insurance

Indexed Universal Life (IUL) insurance is a type of permanent life insurance that combines a death benefit with a cash value component tied to the performance of a stock market index, like the S&P 500. While it promises both life insurance protection and investment growth, IUL policies can be complicated, expensive, and often underperform compared […]
Is Mortgage Protection Insurance Worth It?

Mortgage Protection Insurance (MPI) can offer a sense of security for homeowners and lenders, but is it necessary for everyone? Let’s delve into what MPI is, whether it’s typically required, and whether it’s worth considering for your financial plan. What Is Mortgage Protection Insurance (MPI)? Mortgage Protection Insurance—often referred to as MPI—is a type of […]
Is Life Insurance Taxable?

Generally speaking, life insurance death benefits are not taxable. But there are considerations to be made regarding associated tax implications like estate taxes, cash value withdrawals, and premium deductions. So, let’s explore the nuances of life insurance-related taxes and the various other aspects that can impact the tax responsibilities of a beneficiary. Death Benefit and […]
Understanding Face Value vs. Cash Value in Life Insurance

If you’ve been hunting for the perfect life insurance policy, you’ve probably come across the terms “cash value” and “face value” more than once. While they sound similar, they have very different definitions. Choosing a life insurance policy is a decision that will affect you and your family for decades to come, so you want […]
Collateral Assignment of Life Insurance: Everything You Need to Know

Life insurance isn’t just about peace of mind for the future; it can also serve as a lifesaver when you’re looking for ways to secure a loan. This clever maneuver is known as a collateral assignment of life insurance. It’s a deal between you and your lender where your life insurance policy, specifically the cash […]
Complete Guide to Life Insurance for an SBA Loan

Entrepreneurs, like yourself, might be surprised to learn that the Small Business Association (SBA) does typically require business owners to have life insurance prior to releasing business funding. Let’s break down what you need to know about how SBA loans and life insurance coverage are connected. These tips will help you better prepare for getting […]
What is Cash Value Life Insurance and How Does It Work?

If you’ve looked into getting life insurance, you’ve likely heard about cash value life insurance. You may even think it’s a great deal. After all, who wouldn’t want a policy that builds cash value? The trouble is that many people don’t understand the cost tradeoff of cash value life insurance. If cost is a concern, […]
Homeowners vs. Life Insurance: Do You Need Both?

Key Takeaways: Home insurance and life insurance are two different types of coverage. They are not interchangeable. Most people need both — life insurance to financially protect your family if you pass away unexpectedly and home insurance to cover your home from unexpected damage. New homeowners can discover how much life insurance coverage they need […]
How Much Does Life Insurance Cost?

Key Takeaways: Your life insurance cost depends on your unique situation — everyone has different life insurance needs, and a good monthly payment for one person may not be the same for another. Age, gender, health, number of dependents, occupation and income, and type of policy are some of the factors that influence how much […]
Is Life Insurance Worth The Cost?

One of the most frequently asked questions we get about life insurance is this: “Is life insurance worth the cost?” It’s a fair question. Purchasing a term life insurance plan varies depending on your specific coverage needs, but you might end up paying anywhere from $15 to $100 a month for anywhere from 10 to […]