Indexed Universal Life

premium deposit account

What is a Premium Deposit Account?

A Premium Deposit Account (also referred to as premium deposit fund) was designed for life insurance applicants who want to deposit a considerable amount of money in a life insurance policy that will earn interest and eliminate the possibility that the insurance policy could become a modified endowment contract (MEC). Since the PDA is a.. More

survivorship life insurance

Survivorship Life Insurance | What, When, Why, and How?

Married couples have the option of buying individual life insurance policies or a joint policy known as survivorship or second-to-die life insurance. Although in most cases, an individual policy may be more appropriate, there are circumstances when survivorship life insurance is the better choice. Most people know what survivorship life insurance is, but are unsure.. More

finance your life insurance premium

Finance Your Life Insurance Premium

Borrowing the money from a third-party lender to pay for a large life insurance policy is becoming more popular as lenders look to capitalize on this segment of business and insurance companies are certainly willing to accept premium financing. The purpose of financing life insurance premiums is pretty straightforward. The applicant wishes to purchase a.. More

the power of zero book review

The Power of Zero | Book Review

The Power of Zero – How to Get to the 0% Tax Bracket and Transform Your Retirement by David McKnight   In the Power of Zero, David McKnight lays out a well-devised strategy that will accumulate sufficient wealth for retirement and enable a tax-free income stream. Mr. McKnight uses a “three-bucket” strategy for wealth accumulation.. More

how does life insurance work

How Does Life Insurance Work?

Most people have a vague idea of how life insurance works but generally they don’t understand the fundamentals of a life insurance contract and how the insurance company can make a profit when they are frequently paying out more than they’re taking in. To understand how life insurance companies profit from insurance contracts, you have.. More

702(j) retirement plan

The 702(j) Retirement Plan Explained

Are you looking for an alternative to traditional retirement products? Have you found that when you look at the big picture, your IRA, 401(k), Roth IRA, or other retirement plans are not going to cut it when it comes time to begin taxable withdrawals? What about the IRS constraints that you have to deal with?.. More

IUL fpr emergency physicians

IUL for Emergency Physicians

Emergency medicine is a huge category that can encompass many medical specialties. Emergency physicians remain in big demand and as such, they represent some of the top earners as medical professionals. Chron.com, a national database that tracks salaries of most groups of professionals reports that the average starting salary for an emergency physician is about.. More

Why Urologists Should Consider IUL for Retirement Planning

Generally speaking, all medical professionals, including medical specialists like urologists, cardiologists, and pulmonologists, earn above average income. In fact, urologists, according to Chron.com, fall in the group of highest paid medical professionals with an average salary of $300,000 to $350,000. When it comes to retirement planning, there are several issues that most highly-paid medical professionals.. More

IUL for neurologists

IUL for Neurologists

Are you a highly-paid medical professional attempting to create enough wealth to live a comfortable and exciting life when you finally decide to retire? Have you experienced challenges with traditional retirement planning products like contribution limits and Required Minimum Distributions? How about the tax liability on your retirement income? Is that going to diminish your.. More