Guaranteed Universal Life Insurance Internal Rate of Return

IRR Definition If you look up the definition of internal rate of return (IRR), you will see something like this: the IRR is the discount rate at which the net present value of all cash flows from a project or investment is equal to zero. This definition is pretty straightforward, but there are a few […]

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What Are the Differences Between Term and Permanent Insurance?

Term vs. Permanent Life Insurance Understanding the differences between term and permanent insurance is very important when deciding on an insurance policy. While both are considered life insurance in general, they have key differences that set them apart. They serve many different purposes and depending on which product you choose and how you structure it, […]

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A Simple Tip to Pay off Debt Faster (with Spreadsheet)

Download Spreadsheet There are a variety of strategies to pay down debt, such as snowballing, paying down debts in order of interest rate, etc. The spreadsheet we made shows the difference between paying a loan monthly or paying one-fourth of the monthly amount each week. This isn’t a new idea, but it’s simple and effective. […]

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Does Term Insurance Pay Out?

Why do most term insurance policies never pay out? It is well known that the majority of term insurance policies never pay a death benefit. There are a few reasons for this: policies lapse, convert to permanent policies, or the insured outlives the term of the policy. Although many people view the low frequency of […]

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All About Survivorship Life Insurance Policies

What Is a survivorship life insurance policy? A survivorship life insurance policy, also known as a second to die life insurance policy, covers the lives of two insureds. As its name implies, a policy of this type only pays a death benefit after both insureds have passed away. What are common uses? The primary use […]

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