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May 18th Self-Directed Power Lunch Recap

Welcome to the relaunch of our popular Self-Directed Power Lunch (SDPL) meetings. At our SDPL meeting on Thursday, May 18 co-host Peter Holmes CLU, ChFC, RHU, REBC, CASL (Life Insurance Consultant at The Guardian Life Insurance Company of America) did a superb job addressing questions posed and shared a couple…

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Guaranteed Choice Whole Life Ranks #1 for Income

Guaranteed Choice Whole Life Ranks #1 for Income Take a look at the PML Competitive Edge to see how Guaranteed Choice Whole Life with the Overloan Protection Benefit Rider outperforms the competitions’ optimum retirement income designs. Penn Mutual’s Overloan Protection Rider supports stronger retirement income by ensuring the policy will…

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What consumers want to know about life insurance, according to Google

The top five terms people used to search online for life insurance information were "term life insurance," "whole life insurance," "life insurance policy," American life insurance and "health insurance," an analysis of Google Trends and Google AdWords found. Other frequent search terms include "burial insurance," "global life insurance," "life insurance…

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Data show increased sales for whole life insurance in 2014

Sales of whole life insurance rose in 2014, while sales results for universal life were less uniform, Eastbridge Consulting Group says. New products could have been responsible for both types of insurance representing a higher-than-usual percentage of voluntary sales, Eastbridge notes. Carriers said they expect interest-rate uncertainty to prompt more…

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Variable universal life has pros and cons, experts say

Variable universal life has pros and cons, experts say Sales of variable universal life insurance grew by nearly one-fourth last year, according to LIMRA. Such policies provide a death benefit, tax deferral on earnings and the opportunity to benefit from a rising stock market, experts say. But critics say the…

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Americans underutilizing permanent life insurance

Americans underutilizing permanent life insurance As longevity and the cost of living continue to increase, Americans may be overlooking a key opportunity to strengthen their financial foundation. Despite the many advantages of permanent life insurance, only 22% of Americans currently own a permanent life insurance policy, a fraction of the…

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Adviser uses annuity trust to solve complex estate issue

Adviser uses annuity trust to solve complex estate issue The discovery that a client’s estate plan was based on a universal life policy that was severely underfunded triggered a search for a solution. The client’s financial adviser ended up establishing a grantor remainder annuity trust to resolve the issues. The…

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Surviving spouses get second chance at estate tax exemption

Surviving spouses get second chance at estate tax exemption The IRS is offering an extension for taxpayers whose spouses passed away in 2011, 2012 or 2013 to file an estate tax return and claim portability of the deceased spouse’s unused exemption amount. Michael Kitces details the requirements, legislative history and…

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Commentary: Permanent life insurance has many uses

Commentary: Permanent life insurance has many uses Permanent life insurance, long an estate-planning tool for the well-off, has grown in importance over the past decade for clients of more modest means, write David Appel and David Shannon of Appel Insurance Advisors. Among its uses are as an alternative investment, for…

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Commentary: Now is a perfect time to sell cash-value life insurance

Commentary: Now is a perfect time to sell cash-value life insurance With interest rates likely headed up, cash-value life insurance policies will likely perform up to their initial projections, agent Van Mueller writes. That’s in addition to the traditional benefits of cash-value policies, such as tax-free death benefits, and the…

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