Menu
Real-World Products
Our focus is to change lives by matching education with common financial tools and strategies that help families and individuals overcome real-life financial challenges. The knowledge and ability to save, protect and grow money is something everyone should have access to.
Insurance Protection
The most important part of preparing for the future is protecting it. Help clients prepare for uncertainty, as they may live too long, die too soon or become disabled. They need products that can help them protect the life they’ve built.
Long-term Care
A plan to cover long-term care expenses is often overlooked but can be a key component of a solid financial foundation. Although the need for long-term care may be far into the future for many people, the time to plan for it is now – to help ensure expenses are covered if and when extended care is needed.
College Funding
Whether preparing to send the first - or fifth - child to college, many families and individuals can benefit from the help of a financial professional.
Retirement Strategies
A key to any financial strategy is preparing for retirement. You'll be able to offer people a variety of options to help them prepare for their leisure years.
Legacy Strategies
Without a personal legacy plan, the value of someone’s estate can be eroded by taxes, and the disposition of their assets may not be what they intended. Families and individuals need to be aware of this risk. They need a financial professional who can work with their attorney and tax professional in funding legacy strategies that can include life insurance products.
Business Solutions
Small business owners need financial and insurance solutions for themselves and their employees, and they need to ensure the future security of their business. As a licensed financial professional, you can offer a variety of products and services to help them meet these needs.
Types of Life Protection/Insurance Products We Can Provide
Term
Term life insurance provides protection for specific times of need, such as a mortgage or a child's college tuition. Typically provides no cash value but offers a lower premium. Some policies offer a return of premium on expiration - for a higher premium. Some policies are guaranteed convertible which allows you to convert your policy to a permanent policy without having to go through medical underwriting. Term life is a great option for securing affordable coverage for a specific amount of time (eg. 10, 20, and 30-year terms). Some term policies may have the option of adding living benefits.
Permanent Life Insurance
Permanent life insurance provides protection for an individual's entire life and has a component to build cash value. Cash value accumulated can be accessed for any reason if needed and can provide guaranteed income after your retirement. As long as the cash value remains in the policy, it grows tax-free, similar to a Roth IRA. While the policy is in force, you can access the cash value for any purpose you desire, generally tax-free. You can access the cash from your policy in the form of tax-free loans or withdrawals, however, you will reduce the cash value and eventual death benefit of your policy. There are different types of permanent life insurance, proper planning with an experienced life insurance agent is recommended to ensure the lifetime of the policy and that it meets proper tax guidelines.
Types of PERMANENT Life Insurance solutions we can service:
WHOLE LIFE
Provides guaranteed level death benefit, guaranteed level premium for life, and guaranteed cash value accumulation. You can also purchase a policy that is guaranteed fully paid up by age 65, called Single Premium Life. Premiums in a whole life are typically higher than other types of life insurance, but there is less risk. The cash value is not subject to market volatility and the guaranteed rate of accumulation is conservative.
UNIVERSAL LIFE
Provides a flexible premium, which means you can choose the amount of premium you want to pay and when. Returns on cash value are fixed. Variable death benefit. maybe a good option for people in higher tax brackets, since the accumulation of cash value is tax-free, loans are tax-free, and withdrawals up to the owners’ basis in the policy are tax-free.
INDEXED UNIVERSAL LIFE
Provides flexible premium similar to universal life. You can choose to invest in varied indices. The cash value rate of return is based on indices with a guaranteed minimum interest rate (floor protection) and cap rate, so you get a guarantee that your subaccount will not lose money. This may benefit people who are in higher tax brackets since the accumulated cash value is tax-free, loans are tax-free, and withdrawals up to the owners’ basis in the policy are tax-free.
Which life insurance is best?
Unfortunately, there is no one-size-fits-all solution. Everyone's situation and goals are different. Some may be satisfied with a term policy and some may prefer permanent protection. In some cases, a combination of policies may be best. A licensed professional can help you design a solution that is suitable for your age, health, budget, and long-term financial plans and needs.
Moolahwise Can Help
Our licensed professionals can assist you in finding the right resources and solutions to achieve your financial goals. We have access to an array of products and services, all focused on helping you enjoy the lifestyle you want and deserve. You can request a no-cost, no-obligation consultation by scheduling a call with one of us today.
Let's Take 15 Minutes And Find Out How We Can Help
INFORMATION
ADDRESS
Sign Up For Our Newsletter
© 2022 Moolahwise. All rights reserved.
Life Insurance
Real-World Products
Our focus is to change lives by matching education with common financial tools and strategies that help families and individuals overcome real-life financial challenges. The knowledge and ability to save, protect and grow money is something everyone should have access to.
Insurance Protection
The most important part of preparing for the future is protecting it. Help clients prepare for uncertainty, as they may live too long, die too soon or become disabled. They need products that can help them protect the life they’ve built.
College Funding
Whether preparing to send the first - or fifth - child to college, many families and individuals can benefit from the help of a financial professional.
Long-term Care
A plan to cover long-term care expenses is often overlooked but can be a key component of a solid financial foundation. Although the need for long-term care may be far into the future for many people, the time to plan for it is now – to help ensure expenses are covered if and when extended care is needed.
Retirement Strategies
A key to any financial strategy is preparing for retirement. You'll be able to offer people a variety of options to help them prepare for their leisure years.
Legacy Strategies
Without a personal legacy plan, the value of someone’s estate can be eroded by taxes, and the disposition of their assets may not be what they intended. Families and individuals need to be aware of this risk. They need a financial professional who can work with their attorney and tax professional in funding legacy strategies that can include life insurance products.
Business Solutions
Small business owners need financial and insurance solutions for themselves and their employees, and they need to ensure the future security of their business. As a licensed financial professional, you can offer a variety of products and services to help them meet these needs.
Types of Life Protection/Insurance Products we can provide:
Term
Term life insurance provides protection for specific times of need, such as a mortgage or a child's college tuition. Typically provides no cash value but offers a lower premium. Some policies offer a return of premium on expiration - for a higher premium. Some policies are guaranteed convertible which allows you to convert your policy to a permanent policy without having to go through medical underwriting. Term life is a great option for securing affordable coverage for a specific amount of time (eg. 10, 20, and 30-year terms). Some term policies may have the option of adding living benefits.
Permanent Life Insurance
Permanent life insurance provides protection for an individual's entire life and has a component to build cash value. Cash value accumulated can be accessed for any reason if needed and can provide guaranteed income after your retirement. As long as the cash value remains in the policy, it grows tax-free, similar to a Roth IRA. While the policy is in force, you can access the cash value for any purpose you desire, generally tax-free. You can access the cash from your policy in the form of tax-free loans or withdrawals, however, you will reduce the cash value and eventual death benefit of your policy. There are different types of permanent life insurance, proper planning with an experienced life insurance agent is recommended to ensure the lifetime of the policy and that it meets proper tax guidelines.
Types of PERMANENT Life Insurance solutions we can service:
WHOLE LIFE
Provides guaranteed level death benefit, guaranteed level premium for life, and guaranteed cash value accumulation. You can also purchase a policy that is guaranteed fully paid up by age 65, called Single Premium Life. Premiums in a whole life are typically higher than other types of life insurance, but there is less risk. The cash value is not subject to market volatility and the guaranteed rate of accumulation is conservative.
UNIVERSAL LIFE
Provides a flexible premium, which means you can choose the amount of premium you want to pay and when. Returns on cash value are fixed. Variable death benefit. maybe a good option for people in higher tax brackets, since the accumulation of cash value is tax-free, loans are tax-free, and withdrawals up to the owners’ basis in the policy are tax-free.
INDEXED UNIVERSAL LIFE
Provides flexible premium similar to universal life. You can choose to invest in varied indices. The cash value rate of return is based on indices with a guaranteed minimum interest rate (floor protection) and cap rate, so you get a guarantee that your subaccount will not lose money. This may benefit people who are in higher tax brackets since the accumulated cash value is tax-free, loans are tax-free, and withdrawals up to the owners’ basis in the policy are tax-free.
Which life insurance is best?
Unfortunately, there is no one-size-fits-all solution. Everyone's situation and goals are different. Some may be satisfied with a term policy and some may prefer permanent protection. In some cases, a combination of policies may be best. A licensed professional can help you design a solution that is suitable for your age, health, budget, and long-term financial plans and needs.
Moolahwise Can Help.
Our licensed professionals can assist you in finding the right resources and solutions to achieve your financial goals. We have access to an array of products and services, all focused on helping you enjoy the lifestyle you want and deserve. You can request a no-cost, no-obligation consultation by scheduling a call with one of us today.
Let's Take 15 Minutes And Find Out How We Can Help
