Insurance That Deserves a Second Look
We’re starting a new series on types of insurance that deserve a second look. We’re calling it that because each has seen an incredible transformation over the years. Over three years ago, we gave an introduction to the insurance topic here. We’ll be focusing on 3 types of products in this series (that will really […]
The Trunk
Your Savings make up the core strength of your financial life or the Trunk of Your Fruitful Tree. Sound financial growth stems from your foundation of savings. Many people don’t have enough money in savings because they don’t know how to structure it to best benefit their lives. When structured properly, you should have a […]
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 […]
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 […]
How Do Life Insurance Tax Benefits Compare to IRA’s/401k’s?
“Be sure you know the condition of your flocks, give careful attention to your herds; for riches do not endure forever, and a crown is not secure for all generations.“ (Proverbs 27:23-24) When the US government changed the Constitution to make legal the income tax, they applied it to certain types of income. Over the […]
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 […]
Comparison of Safe Money Vehicles
“Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.” (Proverbs 6:8) Yesterday, we discussed what to look for and how to situate your Cash Reserve. Today, let’s compare each of the […]
The Trunk of Your Fruitful Tree
“Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches? And if you have not been trustworthy with someone else’s property, […]
Trusts and Estate Taxes
In some states, probate is such a brutal, miserable affair that it is a serious mistake to not own the vast majority of your assets in trust. If privacy is a big concern for you, then setting up a trust should also be considered for this reason alone. Probate is a public process and so […]
Do You Really Need Life Insurance?
Anyone who has a family can imagine how dying prematurely would devastate the family, including financially. But most people fail to realize the huge financial shortfall such a death would cause, which is why insuring your HLV is so important. At Kingdom Calling, we have clients that insure themselves for more than they can imagine […]