by Michael Isom | Aug 29, 2024 | Life Insurance
Retirement planning is a crucial aspect of financial security. Many people rely on traditional savings accounts, 401(k)s, or IRAs to fund their golden years. However, whole life insurance offers unique advantages that make it an attractive option for retirement...
by Michael Isom | Aug 5, 2024 | Life Insurance
Single premium whole life insurance is a whole life policy that you pay for in one payment. It’s also referred to as single pay whole life insurance. It’s a unique policy because you pay for it just once. But is it a good idea? I co-authored the bestseller What Would...
by Michael Isom | Aug 2, 2024 | Life Insurance
What’s the difference between saving and investing? Had you asked me that question in 2005-2006, I would have answered that over $4 million of my family’s savings was an “investment. I had not yet learned the difference. By the end of 2007, that difference cost me my...
by Michael Isom | Jul 30, 2024 | Life Insurance
When most people think about building wealth, they think of investing in stocks, mutual funds, and real estate. But there’s another often-overlooked option: dividend paying whole life insurance. Let’s discuss how to use this type of insurance for wealth...
by Michael Isom | Jul 29, 2024 | Life Insurance
For the right person, whole life insurance can be a foundational wealth planning tool. But it’s not for everyone. Let’s explore the pros and cons of whole life insurance to see if it’s for you. I co-authored the bestseller What Would the Rockefellers Do? with Garrett...
by Michael Isom | Jul 23, 2024 | Life Insurance
The living benefits of life insurance unlock many wealth planning possibilities for wise policyholders. However, living benefits of life insurance are only available in permanent insurance. This is life insurance that carries a cash value. This is opposed to term life...
by Michael Isom | Jul 22, 2024 | Life Insurance
Choosing the best whole life insurance can significantly impact wealth planning. Whole life insurance offers financial security, steady growth, and peace of mind. But not all whole life insurance policies are built equally. So how do you find the best whole life...
by Michael Isom | Jul 19, 2024 | Life Insurance
When it comes to wealth planning, the benefits of whole life insurance cannot be overstated. Whole life insurance may indeed have higher premiums compared to term life insurance. (At least, in the short-term.) However, it offers numerous benefits that make it a...
by Michael Isom | Jul 18, 2024 | Life Insurance
Permanent life insurance is a great way to fund a business succession plan, yet 40% of business owners don’t have life insurance. * Permanent life insurance offers five advantages you won’t find in common funding options like loans and working capital: Guarantees a...
by Michael Isom | Jul 1, 2024 | Life Insurance
“Buy term and invest the difference” is a commonly promoted life insurance strategy. The alternative is to buy some form of permanent life insurance, or cash value life insurance. If a person can only afford term insurance, they may want to buy term and invest the...
