September is Life Insurance Awareness Month (LIAM), and as a big producer I like to joke that I love Life Insurance so much that I would name my second son…
Finding the Right Path
Our Dublin CPA firm has the experience and credentials to assist our clients in meeting their wealth strategies and family financial planning goals using the same Life Insurance strategies of banks and the super wealthy. We’ll guide you along the right financial path that suits your needs best with the confidence that your loved ones will be taken care of.
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Real Estate Investors Utilize Infinite Banking Concept
Whether using this strategy for down payments or entire property purchases, the infinite banking concept enhances the real estate investor’s overall returns.
The concept and reasons for using this concept are highlighted in our blog: Becoming the Bank to Beat the Bank | Palma Financial Services, Inc.
Infinite Banking Concept Additional Benefits
When you take out a life insurance policy, you pay premiums in the expectation that when you die, your spouse and/or your children will receive the death benefit. But audits of the nation’s leading insurance companies have uncovered a systematic, industry-wide practice of not paying significant numbers of beneficiaries. In a little-known series of settlements, 25 of the nation’s biggest life insurance companies have agreed to pay more than $7.5 billion in back-death benefits. However, about 35 insurance companies have not settled and remain under investigation for not paying when the beneficiary is unaware there was a policy, something that is not at all uncommon.The beneficiary never comes forward because he or she doesn’t know the policy exists. But the companies know says Kevin McCarty, the insurance commissioner of Florida, who led the national task force investigating the industry. And the companies don’t pay, he says, unless a beneficiary makes a claim.
~ 60 Minutes
Insurance Companies: Caught Breaking the Basic Tenet of a Life Insurance Policy
Recent Interview with US News on College Saving Plans
I was recently interviewed by US News Education on what are the best types of College Savings Plans. It was a great experience to share my own plans that I put in place years ago for my daughter. Seeing the results of that plan in my own life has only made it easier to help benefit my clients.