Life insurance is a cornerstone of financial planning, providing protection and security for individuals and their loved ones. Within the realm of life insurance, paid-up additional insurance stands out as a unique feature that offers policyholders additional benefits and flexibility. In this post, we’ll explore what paid-up additional insurance is, how it works, and how…
Many employers offer life insurance coverage as part of their employee benefits package, which can be a valuable perk. However, relying solely on your job’s life insurance policy might not provide the comprehensive coverage you need. In this post, we’ll explore the reasons why having a separate life insurance policy is essential for your financial…
Understanding Net Wealth Finance In personal finance, it can be difficult to find foundational strategies to help individuals secure their financial future. We coined the term Net Wealth Finance to more accurately describe this powerful approach. Net Wealth Finance transcends the traditional terms like “Infinite Banking Concept” and “Bank on Yourself”. It offers a clearer,…
“Fangs are more pointed, and vampires use fangs to bite people on the neck.’‘Yech! Who’d want to do that?’‘Vampires would, that’s who.’‘Wait a minute. I saw Mrs. Monroe bite Mr. Monroe on the neck once. Does that mean she’s a vampire?’‘Boy, are you dumb. She’s not a vampire. She’s a lawyer.”― Bunnicula: A Rabbit-Tale of Mystery…
“Cancer is a word, not a sentence.” John Diamond “Faith is the bird that sings when the dawn is still dark.” Nobel Prize winner Rabindranath Tagore Introduction: Receiving a cancer diagnosis can be a devastating and life-altering experience, not only emotionally but also financially. In such challenging times, having the right life insurance policy with…
Oldest Son looking forlornly at his plate: We need to go to the Goat Lady. We have too many vegetables. Me: Eat your dinner A regular conversation whenever we visit my parents in “farmville” New York Introduction: Owning and maintaining a farm is not just a livelihood; it’s a way of life. However, farming comes…
Son: I want to eat it now. Me: You can’t, I haven’t paid for it yet. Just wait. Son whispering to the cookies he is clutching to his chest: Then I can has them forever Me: Umm… yes? But we will probably eat them? Right? Mommy and son date. We ate the cookies. Life insurance…
“As an athlete, I understood the value of my health insurance. I knew that in my profession, injuries were common and could happen at any time.” -Magic Johnson The above quote made by Magic Johnson was specifically about his health insurance policy, so why use it as an argument for Life Insurance Riders? Simply because,…
Fun fact, if you were to use the word PREMIUM today in a sentence, it would mean to everyone who heard it “of excellent quality”. Premium tires, premium gas, premium saltine crackers. However 100 years ago the word premium was understood very differently. Premium is derived from a Latin word that meant reward or prize….
This may be an odd quote to choose to open up with for discussion of a beneficiary… “I had an inheritance from my father, It was the moon and the sun. And though I roam all over the world, The spending of it’s never done.” Ernest Hemingway, For Whom the Bell Tolls A famous wartime…
