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"Life Insurance and Financial Planning Lies That Just Won't Die"

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Entries Tagged as 'life insurance'

7 Myths About Cash Value Life Insurance That Just Won’t Die

The necessity of life insurance today is based around the idea of a family with one or both spouses working outside of the home, and that if one of them dies, the other will be left with financial obligations that will not be able to be met. Life insurance is supposed to fill that gap.

This is where the agreement between financial professionals ends abruptly, because the next question that arises is: OK, so what kind of life insurance should people buy? The debate between which is better – term or cash value/permanent life insurance – is seemingly a “never ending battle”. For many various reasons, many investment houses, stock brokers, mutual fund managers (and the agents who sell their funds), as well as many popular financial “gurus” like Suze Orman, Ric Edleman, and Dave Ramsey presumably (according to their many published books and comments on national radio and television) hate cash value life insurance…

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What Type of Life Insurance Is “The Best?”

I hear this question asked ALL THE TIME. Most insurance agents sell term insurance, and most investment professionals are OK with that. I myself can count on one hand the instances in which term insurance makes sense for most people:

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Life Insurance: What’s Wrong With Non-Forfeiture Laws?

Non-forfeiture Law refers to the laws created in the 19th century that required life insurance companies to provide an equity value to life insurance policies. Before Non-forfeiture laws, life insurance companies were not obligated to provide policyholders with a cash value when they purchased life insurance. Life insurance prior to these laws was primarily term [...]

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Should You Change Auto Insurance Carriers To Save A Few Bucks?

There’s a dark side to switching insurance companies. New paperwork, new premium payments, new automatic (ACH) withdrawals. Is any of it worth the hassle? Sometimes. Sometimes not. A few years ago, I found myself engaged in a conversation with someone about insurance. Yes. Insurance. People normally don’t yammer on about car insurance but this person [...]

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Why You Should Pay Attention To Dividend Paying Life Insurance Companies

Some companies are paying a dividend in excess of 7 percent and have been paying dividends for the last 100 consecutive years? No, these aren’t aristocrats. They’re life insurance companies. I know what you’re thinking…AIG, blah, blah, blah…well if you’re a regular reader, you probably have read my post on why AIG represents an anomaly [...]

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