No Roth, No Problem

No Roth, No Problem

Personal Uses for Life Insurance

Is Your Income Too High To Use A Roth IRA? Having too much income will prevent you from using a Roth IRA (Roth) to save after-tax money, and grow that money, tax-deferred, as well as use that growth, tax-free.    And the type of income you have may prevent you from...
Estate Tax Recovery

Estate Tax Recovery

Personal Uses for Life Insurance

Checking your exposure to estate taxes At a minimum, estate tax and inheritance taxes can be imposed at the federal and state level, given this, individuals should check with their CPA and/or a tax attorney, regarding the potential for exposure to either of these...
Universal Life Insurance

Universal Life Insurance

Types of Life Insurance

Flexible premium policies A Universal Life (UL) — or flexible premium policy — is a form of cash-value policy where the cost of insurance increases every year. Typically, this annually increasing cost of insurance isn’t noticed by the policyholder, as the initially...
Traditional Universal Life Insurance

Traditional Universal Life Insurance

Types of Life Insurance

The three methods of cash-value crediting You should first read the Universal Life article to get a general understanding of universal life insurance, and then come back to read this article.There are three main cash-value crediting/growing methods used in universal...
Variable Universal Life Insurance

Variable Universal Life Insurance

Types of Life Insurance

Mutual fund sub-accounts and variable universal life insurance There are three main cash-value crediting/growing methods used in universal life policies: Traditional, Variable and Indexed.The second type of crediting mechanism is the use of accounts that are tied to...