Similar to whole life, Indexed Universal Life has a cash value component. But the gains in an IUL are benchmarked to an index
We are going to spend some time on life insurance. As you may have seen, we already have. I’m taking the time to help you understand the power it can have because it can help you make an impact on missions. I’m also taking the time because it’s important to understand how it works. For this article I am going to describe a made up policy. I am using made up numbers. Why would I do this? So we focus on the concepts and avoid getting into the weeds over numbers. The time to get into the weeds over the numbers is when you are actually looking to establish a policy. Let’s dive in.
We are going to take a moment here and talk about taxes. You may ask, “What do taxes have to do with giving to missions?!” In a word, everything. Because…
Permanent life insurance includes whole life, universal life and variable life and any version of each. Such as indexed universal life. The common denominator is that the policy is for life. It’s permanent.
When it comes to safeguarding the financial future of yourself and your loved ones, life insurance plays a crucial role.
When it comes to making a generous and meaningful gift, charitable gift annuities can bring many desirable benefits. Not only are gift annuities tax deductible
Financial Planning can produce enhanced reserves for your senior years, an increased legacy for your dependants, and continued support of the ministries you loved in life long after your death….