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Lincoln Heritage Life Insurance | Company Review

If you’re considering applying with Lincoln Heritage Life Insurance Company, perhaps you’d like to determine if it might be the ideal choice for you and your family? Although we are unable to control when we die, we can manage the financial implications that typically landing in the laps of our surviving loved ones. If you…
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Nationwide Insurance Company headquarters

Nationwide Homeowners Insurance – Product Review

There are probably many Nationwide Homeowners Insurance reviews that can be found online but having one more is certainly not a bad thing. For most homeowners or “soon to be” homeowners, their house will likely be their most valuable asset and as such, it should be important to you to mitigate the financial risk associated…
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Why Banner Life Insurance Company? Review updated for 2020

Banner Life Insurance Company is also known as Legal and General and they do business in the state of New York as William Penn Life Insurance. Banner Life Insurance is headquartered in Urbana, Maryland and the company is owned by Legal and General America. Banner Life Insurance Company has been in the insurance industry for…
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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…
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modified endowment contract

Modified Endowment Contract (MEC) | The Ins and Outs

In the many articles we have provided regarding Indexed Universal Life Insurance, we have on many occasions mentioned modified endowment contracts but have not had an in-depth discussion. In this article, we are going to drill-down into the modified endowment contract (MEC) and discuss the ins and outs so that policyholders will understand whether a…
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IUL for Internists

Advantages and Disadvantages of IUL for Internists

Internists, commonly referred to as “family doctors,” generally enter start practicing medicine after completing their basic internal medicine training. Since they practice general internal medicine, these physicians are considered general internists that are equipped to take on a large spectrum of adult illnesses. Internists are primarily known for their ability to diagnose their patients and…
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IUL for gynecologists

IUL for Gynecologists

Are your contribution restrictions on your retirement planning vehicles causing you to fall short of your wealth accumulation goals? Are you maxing out your 401k or IRA and still not saving and earning enough to guarantee a retirement lifestyle that you have been planning for? Would it interest you to know there is an investment…
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IUL for pediatricians

Indexed Universal Life Insurance (IUL) for Pediatricians

An Indexed Universal Life Insurance policy (IUL) is a permanent life insurance product with flexible premiums which contains a life insurance component and an investment component. Similar to other cash value life insurance, your premium is deposited in a cash account in your policy that is used to pay policy charges and fees, and then…
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Roth IRA

What is a Roth IRA and How can It Help Me?

A Roth IRA is a distinctive investment product that has been approved by the government and offers tax-free withdrawals because your contributions have already been taxed. This investment has proven to be a legitimate long-term savings solution, particularly for young adults who are generally in a lower tax bracket now but will be in a…
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