Tag: Life Insurance Policy

9 Things to Consider When Choosing a Beneficiary

9 Things to Consider When Choosing a Beneficiary

It is important that the payout of a life insurance policy is received hassle-free by the person intended to receive it. The consequences of missing out on important details can be grave.  Before you pen down a beneficiary’s name in your application for life insurance, use this as a checklist of things to consider.  1. Know the Purpose of the Policy  What is the reason for purchasing…

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Everything You Need To Know About ‘Buying Term and Investing the Difference’

Everything You Need To Know About ‘Buying Term and Investing the Difference’

Buying a Life Insurance policy can be a decision-heavy journey. What kind of policy should you buy? How much cover do you need? How do you know you’re not overpaying? One big question is: Should I pick Term Life or a Whole Life Policy? In this article, I explain the concept of ‘Buying Term and Investing the Difference’.

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Equalize Your Estate with Life Insurance

Equalize Your Estate with Life Insurance

Your Life Insurance policy can become a key estate planning tool to help ensure a fair distribution of your assets amongst your heirs. The Challenge Your estate is much more than just money. It is a complex collection of a lifetime of valuable assets including your business, your home and other property, your savings and perhaps other heirlooms that are…

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Case Study: Using Life Insurance to Pay Inheritance Tax

Case Study: Using Life Insurance to Pay Inheritance Tax

Imagine leaving your loved ones an estate you built all of your life, only to find that it will pass on with a massive tax bill.

Inheritance tax, unfortunately, is a hard reality that causes a lot of families to dissolve generations’ worth of assets. But Life Insurance can come handy to protect your estate. Here’s how we protected my client’s estate with the right Life Insurance policy.

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