Why Insurance Matters
My core values of faith, family, health, and experiences drive my saving habits, ensuring their protection through insurance against unexpected tragedies.
June 4, 2021
Menu
My core values of faith, family, health, and experiences drive my saving habits, ensuring their protection through insurance against unexpected tragedies.
We examine a strategy where the child owns a life insurance policy on their parents, paying annual premiums of $15k for 20 years and receiving a tax-free death benefit of $700k after their passing, achieving an 8.18% internal rate of return.
Busy executives often consider three main life insurance options: Term Insurance for death benefit protection, Max Funded Permanent Insurance for cash value growth, and Permanent Hybrid Insurance for a mix of benefits.
Capture gains by capping any single security at 20% of your net worth and consider selling, using options, or exploring Exchange Funds for diversification, but be aware of restrictions.
As we bring in the new year, let’s take a look at roth conversions, asset location, and calculating your risk.
Explore life insurance’s importance and key financial strategies, including HSA use, investment priorities, Roth IRA contributions, and Nic’s Ultra Top Secret medical hack.
From estate planning essentials to the intricacies of life insurance and long-term care, laying a solid foundation ensures comprehensive security for your future.
When you buy a permanent life insurance policy you need to review it. Have you requested an in-force illustration recently?
Understanding the benefits of reviewing your life insurance policy with Nic and Jeff.
The right amount of life insurance isn’t a “standard” round number. So how much do you need?
11215 N. Community House Rd.
Woodward Building – Suite 775
Charlotte, NC 28277
We serve clients in our Charlotte, North Carolina office and virtually throughout the country.
Client stories, answers to your questions, and market guidance delivered every Saturday morning at 9am!
Securities are offered through LPL Financial, Member FINRA/SIPC. Know My Plan is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser.
Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.