As we discussed in previous articles on this same topic, the rule of thumb you need to remember as an individual is that you can get up to 30 times your annual income in life insurance. That means if you’re earning $100,000 you can qualify for up to $3 million of life insurance. While that [...]

There are a couple of generally-accepted ways the insurance business helps customers determine how much life insurance they need.  As for what you might be eligible for, the rule of thumb as an individual is that you can get up to 30 times your annual income in life insurance, which is up to $3 million [...]

Calculating mortgage expenses to determine how much life insurance you need. As discussed in the previous articles in this series, an individual can get up to 30 times their annual income (depending on their age) in life insurance. That means if you’re earning $100,000, you can qualify for up to $3,000,000 of life insurance. The [...]

After your house, what would you guess will be your biggest expenditure if you have children? Education. Consider these numbers: 7.1%. Average annual growth rate of the cost of college since 2000.¹ $11,541. Average cost for one year in a public college or university.¹ $44,443. Average cost for one year in a non-profit college or [...]

The average amount of time an American's savings will last after the death of a spouse or partner can vary depending on the amount of income you need to replace, and more importantly, the amount of expenses you need to cover in the absence of your loved one. Generally speaking, many people expect their savings [...]

If you’ve been considering gifting some or all of your highly appreciated stock, business interests, or other assets to charity as part of a tax-saving plan, then life insurance may be the missing piece of the puzzle. You can use life insurance to offset the loss to your beneficiaries in the event that you gift [...]

Giving back to our favorite charities is a great way to feel good about ourselves, but it can be hard for us regular folks to donate the kind of large amounts that can really make a difference. That's why life insurance is such a great option for donating - it doesn't have to break the [...]

Are you looking for a way to leave your loved ones a financial legacy? Structured inheritance utilizing life insurance is something to consider. It’s not something that comes up in everyday conversation, but it’s an important topic to discuss. Let’s talk about it! What is Structured Inheritance? Structured inheritance is a process of transferring assets [...]

Have you ever wondered how to divide up your assets after you’re gone so that each of your heirs receives a fair share? If dividing certain assets equally among them is going to be tricky, life insurance may just be the answer. Let’s take a look at why this is an ideal solution. One Size [...]

Have you ever wanted to be a millionaire like the ones you see in movies, but don't have the time or motivation to work your way up there? Well, life insurance may just be your golden ticket. That's right, life insurance can help you build an estate without all the hard work! Let's dive into [...]