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Income Tax Advantages

Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” On February 25, 1913 the 16th Amendment to the U.S. Constitution, giving Congress the power to levy and collect income taxes, was declared in effect by Secretary of State Philander Case Knox. But did you know that […]

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Wealth Transfer

A sound wealth transfer strategy focuses on two important goals: 1. Ensuring that your assets will pass to your heirs according to your wishes. 2. Minimizing the reduction in value, expenses, and delays in the disposition of your estate. But often, wealth transfers can become a liability. A liability can mean something that is a […]

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Rate of Return

Whole life insurance provides a guaranteed minimum rate of return on the policy’s cash value, but whole life should never be bought solely for its rate of return. You should choose a policy based on the protection it offers. The rate of return on a policy’s cash value is based on the total amount of […]

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Tax Status of Dividends

Keeping in theme with last week’s post about dividends, today’s blog dives into the tax status of dividends. Internal Revenue Code Sec. 72 states that a life insurance policy dividend, when received, is a return of premiums paid into the policy and, as such, is not considered to be taxable income until the total amount […]

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Policy Dividends

Many whole life policies are eligible to receive dividends that are paid annually. Dividends are not guaranteed. Policyowners may use any dividends they receive to pay off some or all of their out-of-pocket premiums or to provide additional life insurance protection and cash value. Many policyowners use their dividend payments to purchase paid-up additional whole […]

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Policy Loans and Direct Recognition

You may borrow a portion of the cash value of the policy, including the cash value of dividend additions left in the policy, at any time. Annual interest is charged on a policy loan at either a fixed or an adjustable rate, selected at the time the policy is issued. If a policy loan is […]

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Comparing Whole Life to Term Insurance

Whole Life is a permanent life insurance product. Unlike term insurance, which provides coverage for a specified period, it provides life insurance protection for a lifetime.

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How Life Insurance May Have Affected NFL History

 “Individual commitment to a group effort– that is what makes a team work, a company work, a society work, a civilization work.” -Vince Lombardi The following article was brought to our attention from Philadelphia native Bryan McCloskey, an agent at our affiliate, Paradigm Life. How Lombardi almost became Eagles coach Frank Fitzpatrick, Inquirer Staff Writer […]

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Rebecca Rice

Rebecca A. Rice is the founder of Rebecca Rice & Associates, Inc., headquartered in Little Rock, Arkansas. With 23 agents in 7 states, Rebecca Rice & Associates serves the financial needs of small businesses, non-profits and families across the country.

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Rebecca and her team don’t just sell you a life insurance policy and move on to their next client, but instead they do an excellent job teaching the concepts of Infinite Banking and consulting with their clients. They understand that each client’s needs are unique and what works for one may not work for another.

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