Tax Status: Qualified vs. Non-Qualified Funds

Posted by Bill Bruce on July 1, 2020

How much do you know about qualified versus non-qualified funds? In case this topic is new to you or you're looking to jog your memory, we've laid out the basics. 

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Topics: Taxes, Retirement

What Are My Insurance Options for Paying Final Expenses?

Posted by Bill Bruce on April 27, 2020

To lighten the burden on their loved ones, many people choose some type of life insurance that covers their final expenses, such as funeral and burial or cremation costs and other expenses that can arise at the end of one’s life. Final expense insurance can be a simple way to provide this peace of mind. Depending on your age and state of health, you may qualify for different types of final expense policies. 

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Topics: Final Expense

Benefits of Buying Whole Life Insurance While You're Young

Posted by Bill Bruce on February 26, 2020

When you’re young, a host of opportunities are open to you. As a young adult, you set a course for where you think you want to be later in life. That might mean choosing a career path, a community to call home, a life partner, and when (and whether) to have children. You also have a rare opportunity to set aside a little extra each month to provide financial security in the future. While people can start saving at any time of life, young people have more time for their investments to grow, which can make an enormous difference on the return they ultimately see.

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Topics: Whole Life Insurance

The Difference Between Compound and Simple Interest

Posted by Bill Bruce on February 21, 2020

If you’re borrowing money, interest is the cost you pay to borrow. In the case of investment, interest is a way invested funds can generate a return for the investor. Interest is expressed as a percentage, but to understand the amount of interest that you will be charged for a loan or earn on an investment or another financial product, you have to look beyond this number to whether the interest is calculated as a simple or compound rate. If two accounts both have an interest rate of 5%, for example, but one is simple and the other is compound, they will accrue ...

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Topics: Annuities

Help! I Can't Keep Up with My Life Insurance Premiums!

Posted by Bill Bruce on February 13, 2020

If you find yourself struggling to meet your monthly life insurance premiums, you have options. The last thing you want to do is simply stop paying and lose all the benefits you’ve been paying for since the time you first purchased your policy. If you have accumulated cash value in your whole life policy, this can be the tool you need to get yourself out of a tight financial spot.

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Topics: Life Insurance

How Can I Prepare For the Rising Costs of Funerals?

Posted by Bill Bruce on February 7, 2020

The National Funeral Directors Association (NFDA) recently released its annual report on funeral costs, illustrating how many of the costs involved in a funeral have risen over the past five years. While some costs, such as fees for facility usage, car services, and embalming, have risen less than the rate of inflation, the basic, non-declinable costs quoted by funeral homes have increased nearly 10%, and some costs have gone up even more. How can you prepare to meet the costs of your final arrangements without placing the burden on your loved ones? First, ...

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Topics: Final Expense, Preneed Insurance

5 Things You Should Know If You’re Considering Whole Life Insurance

Posted by Bill Bruce on December 11, 2019

When you’re shopping for life insurance, you have a lot of choices. Whole life insurance can be an attractive option because it can build cash value and it never expires. If you’re considering buying a whole life policy, read this first. These are some fundamental things you should understand about whole life insurance before you buy. 

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Topics: Life Insurance, Whole Life Insurance

How to Financially Prepare for End-of-Life Expenses

Posted by Bill Bruce on November 25, 2019

In order to successfully prepare for the future, there are several things to consider when it comes to your financial plans. Make sure your family is protected against potential financial obligations by preparing for your end-of-life expenses. 

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Topics: Term Insurance, Final Expense, Preneed Insurance

7 Myths About Life Insurance

Posted by Bill Bruce on April 26, 2018

Over the years, you've probably heard stories about how many spiders the average person swallows in their sleep and have never thought twice about its validity. But is it true? Fortunately, no.  There is no evidence to support that you are eating seven spiders a year while sleeping. This well-known "statistic" is nothing more than a popular myth that someone invented years ago to terrorize anyone who has a fear of the 8-legged creatures. So, what are myths? has a few different answers, but perhaps none more appropriate than this: Myth /miTH/ noun:

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An Introduction to Life Insurance

Posted by Bill Bruce on April 25, 2018

Buying life insurance is about as exciting as buying your first minivan and as depressing as watching the movie Marley and Me. Still, owning life insurance is a significant part of anyone's financial planning due to its ability to protect your family in a variety of ways. In this post, we will briefly go over some of the basic concepts of life insurance, the different forms of coverage available, and some of the striking statistics about the vast amount of people who struggle with purchasing a policy. Are you ready to get started? Well, let's jump in.

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