Why Should I Buy Whole Life Insurance?

by Joel Dansby* on Sep 15, 2020

For generations a debate has raged on over whether it’s best to buy whole life insurance or to buy term life insurance and “invest the difference”.  Proponents of each method are adamant in their positions and both offer sound reasoning in their answers.  But, for anyone to tell you which is the best for you without knowing anything about you is tantamount to someone

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The 4 Essential Elements of a Retirement Plan

by Joel Dansby* on Sep 12, 2020

Until recently, many retirees have been able to rely upon the three-legged stool of retirement income sources: A defined benefit pension plan that guarantees a lifetime income, their own savings, and Social Security.

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Universal Life Insurance as a Financial Management Tool

by Joel Dansby* on Sep 8, 2020

When universal life insurance debuted in 1982, it quickly became a popular alternative to whole life insurance policies which had been losing favor due to its low yields, high premiums and nontransparent structure.  In the high interest rate environment of the 80’s, consumers were looking for competitive rates on their money and more flexibility in the way they could structure their

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The 4 Keys to Effective Investment Diversification

by Joel Dansby* on Sep 5, 2020

At its core, diversification is deliberate uncertainty recognizing that it is difficult to know with particular subset of an asset class, or sector is likely to outperform another. Broad diversification, done effectively, seeks to capture the returns of different types of investments over time but with less volatility at any one time.

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5 Ways to Safeguard Your Finances Against a Second Wave of Coronavirus

by Joel Dansby* on Sep 1, 2020

The Coronavirus pandemic has affected us all in ways that we didn’t anticipate at the start of the year, especially when it comes to our finances. And unfortunately, just as federal emergency benefits are starting to run out, signs of a second wave of the virus are looming—and some may even say it’s already here. 

The good news is that there are ways to protect your finances in the event of a second wave of Coronavirus. Whether you took a hit over the past few months or not, here’s some advice on what to do next to safeguard your finances moving forward. 

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Retiring as a Small Business Owner

by Joel Dansby* on Aug 29, 2020

There are over 30 million small businesses in the United States. Many people start their own businesses in order to become their own boss and take control over their schedules, career goals and finances. It can be incredibly rewarding to start and own a successful small business. But one thing that many small business owners may not think about is a retirement plan. 

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Do You Have a Debt Wish? What Happens to Your Debt after Death

by Joel Dansby* on Aug 22, 2020

Many people deal with credit card debt all of their lives with most of them giving little or no thought to what happens with their debt after they die. The fact that nearly 60% die without a will is a strong indication that they’ve given absolutely no thought to it.

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Do You Still Need Life Insurance When You Retire?

by Joel Dansby* on Aug 15, 2020

4 Reasons You May Consider Keeping It

When it comes to retaining life insurance in retirement, there are two schools of thought regarding its necessity. The primary purpose of life insurance is to protect your family against a loss of income should you or your spouse pass away. Life insurance benefits are especially important for individuals who still have dependents or have accrued a significant amount of debt.  So, if you don’t fit this description and have plenty of income to live on in retirement, is it really necessary for you to retain a policy?

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