November 2018

Making Sense of Whole Life Insurance Premiums

Submitted by Blue Chip Financial on November 27th, 2018

Critics of whole life insurance point to the higher premiums these plans require and the inflexibility of the payment schedule. However, when the structure and features of whole life insurance is fully understood, a fair-minded person would see that it offers affordability and flexibility along with unmatched long-term security. When whole life premiums are clearly explained, it becomes evident why whole life insurance still remains the most popular permanent life insurance plan on the market.

Tax Changes That May Be Overlooked

Submitted by Blue Chip Financial on November 9th, 2018

Some alterations to the Internal Revenue Code were less publicized than others. Late last year, federal tax laws underwent sweeping changes. Nearly a year later, you can be forgiven for not keeping up with them all. Here is a look at some important (yet underrecognized) adjustments that may affect the numbers on your 2018 federal return.1

What are Disabilities Policies and Why Would You Need One?

Submitted by Blue Chip Financial on November 9th, 2018

The prospect of suddenly having to face life with a disability that limits your ability to work in the way you’re used always seems unlikely. Disability is something other people face, maybe in old age, but not you. While disability insurance may seem unnecessary right now the facts give cause for the preemptive action. Approximately 12% of the total American population and more than 37 million Americans are categorized as disabled; more than half those disabled Americans are between the working ages of 18-64. Additionally, just over 25% of current 20-year-olds will become disabled before they reach retirement age.

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