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Life insurance is often the “JR Ewing” of estate planning.  It’s the asset everybody loves to hate.  It’s viewed as an “expense” that should be minimized—a necessary evil for only one purpose:  “estate liquidity” (paying estate tax).

But limiting your view of life insurance to just paying estate tax is like looking at your luxury car with the big engine, the fancy gadgets, and the comfortable amenities as merely a way of going to and from the grocery store!  Of course, it will do that, but that misses 99% of its utility.

In a prior lifetime I earned my living by suing (and defending) people. It gave me a healthy understanding of the difference between what works on paper and what works in a real, live courtroom. From this perspective, I believe many “asset protection plans” have a “chink” in their armor, just waiting for a deadly bolt from a plaintiff’s crossbow. I will point out this chink and I’ll share my ideas about how it might be fixed.

In a prior lifetime I earned my living by suing (and defending) people. It gave me a healthy understanding of the difference between what works on paper and what works in a real, live courtroom. From this perspective, I believe many “asset protection plans” have a “chink” in their armor, just waiting for a deadly bolt from a plaintiff’s crossbow. I will point out this chink and I’ll share my ideas about how it might be fixed.

We all think of life insurance as a way to protect our families and/or business associates from the economic impact of premature death. The purpose of this article is to show you how, in addition, you can benefit by using Whole Life Insurance as a supercharged, multi-purpose, fixed income asset, which also protects you and your family with a unique combination of benefits, unavailable in any other financial asset.

These days, everybody wants the best deal on EVERYTHING. The Internet has resulted in an explosion of “Quote Giving” websites: You want an airline ticket? You can get a quote. You want widget XYZ from China, you can get a quote. You want LIFE INSURANCE, you can get a quote. For airline tickets and widgets, this is a wonderful thing. Unfortunately (or fortunately, depending on your perspective), LIFE INSURANCE isn’t like a seat on an airplane or a widget.

Term life insurance is just like most other insurance. If you don’t die during the term, i.e., prematurely, the premiums are gone forever—non-recoverable costs. Permanent life insurance, on the other hand, is totally and fundamentally different.