Life Insurance Coverage

 Term life insurance provides coverage for a specific period ("term") and pays a death benefit if the insured person dies during that time, but it doesn't offer a cash value or long-term coverage. 

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life, offering a guaranteed death benefit and a cash value component that can grow over time 

 Indexed universal life insurance is a type of insurance that has a cash value component along with a death benefit. The money in a policy holder's cash value account can earn interest by tracking a stock market index such as the S&P 500 or another index. You may also have a fixed-rate account and can choose how much you want to go into each account. 

 A fixed annuity is a type of insurance contract that guarantees a fixed interest rate and provides a stream of income in retirement, offering predictability and stability, but with potentially lower growth potential than other investment options. Annuities can avoid probate and be paid to your beneficiaries.

   FIAs credit interest using formulas based on changes in specific indexes. The crediting method determines how much interest is credited. The rate and frequency of the credits depend upon the terms and conditions of the FIA contract. Annuities can avoid probate and be paid to your beneficiaries.

Infinite banking is a financial strategy, that uses a whole life insurance policy as a personal banking system, allowing individuals to borrow against the policy's cash value and potentially earn compound interest on the cash value while paying simple interest on the loan.  

Protects the business if a key employee, executive, or owner becomes deceased. The company owns the policy, pays the premiums, and is the beneficiary. It also helps cover lost revenue, hiring a replacement, or stabilizing operations.

Companies can pay life insurance premiums on behalf of key employees as a bonus.

The employee owns the policy and can take loans against its cash value. It helps retain top talent by offering a valuable long-term benefit.

  Used by partnerships or co-owners to fund the buyout of a deceased owner’s share. Each owner takes a policy on the other, ensuring funds are available for a smooth transition.