A Real Whole Life Policy’s Returns
“If you are willing and obedient, you will eat the best from the land” (Isaiah 1:19) We became frustrated that the companies were showing such an artificially low projection (as we discussed in the last Whole Life Insurance post) while knowing that they had historically performed much better. So we went to one of the […]
Ben the Investor
Ben was thrilled with the whole life policy he purchased 8 years ago. He now had just over $200,000 of cash value in it. And his original death benefit of just over $1M was now worth $1,538,078, so it seemed to be doing a good job of keeping up with the inflation that was just […]
What is the Internal Rate of Return of a Whole Life Policy?
“Little by little I will drive them out before you, until you have increased enough to take possession of the land.” (Exodus 23:30) Historically, the Internal Rate of Return (IRR) of Whole Life insurance has been very strong and yet, pinpointing the IRR is not as simple to answer as you would think and is […]
Tragedy Strikes Ben, But He Owns a Whole Life Insurance Policy
Everything was going well for Ben and Kim. They had broken free from the groupthink of financial planning that seemed to yo-yo their friends from elation when markets are up, to horror at their savings disappearing when markets are down. Everything was going exactly according to plan with their whole life insurance policy. But this […]
Velocity- the Multiple Benefits of Whole Life Insurance
“Now he who supplies seed to the sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness. 11You will be made rich in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving […]
Ben Needs a New Car, But He’s Got Whole Life Insurance
Everything has been going according to plan for Ben. After 3 years with his whole life policy, he notices that his car is pretty beat up and starts to think that he needs to get another one soon, or he’ll find himself without one. His situation doesn’t seem too different from before except that instead […]
Differences in Accessibility Between Life Insurance and IRA’s
“Make plans by seeking advice; if you wage war, obtain guidance.” (Proverbs 20:18) The government did not invent life insurance. This is good news to you as an owner of some of it. Because the government did invent all Qualified Plans (such as IRA’s, Roth IRA’s, SEP IRA’s, 401k’s, & 430b’s, etc), there is a […]
Ben Doesn’t Have Any Extra Money, So How’s He Going To Fund His Whole Life Policy?
It’s one thing to decide that you love what a whole life policy can do for you, but it’s a whole other thing to find the money to pay for it. Ben was perplexed by this. For years he had done what all the financial talking heads said to do with his money, but he […]
Premiums and Overfunding Life Insurance
“At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. 2Five of them were foolish and five were wise. 3The foolish ones took their lamps but did not take any oil with them. 4The wise, however, took oil in jars along with […]
Ben Wanted to Own Something!
“The rich rule over the poor, and the borrower is servant to the lender.” (Proverbs 22:7) As Ben contemplated the big change he was going to make from the standard financial advice that most Americans follow, but for whom it doesn’t work, he began to think about life insurance in a new way. He still […]