Policy Loans: In Advance vs In Arrears

by | Mar 24, 2023 | Comments Off on Policy Loans: In Advance vs In Arrears

in advance vs in arrears

Sometimes, life insurance companies differentiate how interest is applied to policy loans by using the terms “in Advance” or “in Arrears.” This has led to the common question: is there a difference in the rate and how the company applies it to your loan balance? The answer is a resounding NO. In Advance vs In Arrears “In advance” refers to what the insurance calls a “rate” for making your loan payments upfront. This confuses the issue because people then believe it’s a completely separate interest rate when it’s not. This

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The Whole Truth About Indexed Universal Life: 10 Facts About IUL

by | Mar 10, 2023 | Comments Off on The Whole Truth About Indexed Universal Life: 10 Facts About IUL

bursting the bubble of indexed universal life insurance

In part one of this discussion, we discussed 10 myths about IUL. Now that we’ve dissected those myths, we can get to the truth of why you shouldn’t buy (or sell) indexed universal life insurance. Insurance companies have put many pages in the front of Equity Indexed Universal Life (EIUL) illustrations that describe the issues we’re going to discuss, yet most people (by design) will not take the time to read and understand what these pages are saying. Unfortunately, this is where much of the misinformation stems from. People insist that

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The Whole Truth About Equity Indexed Universal Life Insurance: 10 Myths About IUL

by | Feb 24, 2023 | Comments Off on The Whole Truth About Equity Indexed Universal Life Insurance: 10 Myths About IUL

Life insurance policy, equity indexed universal life insurance, EIUL, IUL

One of the major problems with the agents and the companies that sell EIUL (Equity Indexed Universal Life, which is what it was originally called) or IUL (Indexed Universal Life, which is what the industry is now calling it to avoid SEC scrutiny) is the gross negligence in conveying the risks to the clients. All one has to do is carefully read the full insurance illustration or proposal to find these out. The insurance companies have avoided liability by spelling out the risks in very specific, albeit confusing and overwhelmingly

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How to Input In-force Policies into the Life Insurance Values Tool?

by | Feb 10, 2023 | Comments Off on How to Input In-force Policies into the Life Insurance Values Tool?

life insurance values, in force illustration

The Life Insurance Values tool, or Life Values for short, is one of the most useful tools for the life insurance agent. It is compatible with many of the Truth Concepts calculators and makes them even more useful. If particular, the Life Values tool helps you compare life insurance to other assets, and/or see how life insurance can work with other assets. While a brand new policy is simple to copy and paste into Life Values, an in-force policy takes a little bit more care and attention. The reason is

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The Whole Truth About Qualified Plans

by | Jan 20, 2023 | Comments Off on The Whole Truth About Qualified Plans

the whole truth about qualified plans, 401k

Qualified plans like the 401k are like “sacred cows,” as Garrett Gunderson so aptly calls them in his book. Since the 401k was established, it’s been the darling of the financial media. It’s the “one-size-fits-all” solution to retirement planning… if typical finance is to be believed. However, when you take a Prosperity Economics approach, the 401k and other qualified plans fall apart. And with the TC Qualified Plan calculator, you’re positioned to share the whole truth about qualified plans. While we’re going to focus on the 401k for this demonstration,

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