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 […]
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 […]
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 […]
How Does Life Insurance Work?
“For by the grace given me I say to every one of you: Do not think of yourself more highly than you ought, but rather think of yourself with sober judgment, in accordance with the measure of faith God has given you.” (Romans 12:3) The kind of life insurance that you want, whole life from […]
Ben’s Story of Whole Life in Action in His Life
Ben & Kim have a regular American family. The have two kids – Jack and Rick – who they love with all their hearts (and probably spoil just a little too much!). They’ve done okay financially, following a lot of financial advice that they’ve heard over the years. They’re no experts, but Ben tries to […]
Permanent Life Insurance as a Savings Vehicle
“Misfortune pursues the sinner, but prosperity is the reward of the righteous. 22 A good man leaves an inheritance for his children’s children, but a sinner’s wealth is stored up for the righteous. 23 A poor man’s field may produce abundant food, but injustice sweeps it away.” (Proverbs 13:21-23) Life insurance is a severely misunderstood […]
How to Enjoy Your Money, and Still Give it Away
“He who gives to the poor will lack nothing, but he who closes his eyes to them receives many curses.” (Prov. 28:27) We looked at the typical retirement plan yesterday. What if you took a different path? What if you had put in place a guaranteed death benefit that would last as long as you […]
Whole Life: What Kind of Company?
First, you should understand that there are two major types of life insurance companies. Most (all?) companies used to be Mutual’s. A few decades ago, it became popular for many companies to “go public.” Which meant becoming Stock companies with their ownership publicly traded on an exchange. Mutual companies are owned by thier Whole Life […]