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Monthly Archives: June 2005

Whole life insurance, term life insurance, universal life insurance which way to go?

Posted on June 30, 2005 by The Life Insurer

I’d like to give a simple answer to which kind of life insurance is right for you but, unfortunately, there isn’t one answer that fits all. There is one thing that is universally true (no pun intended) regarding life insurance: … Continue reading →

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The Irrevocable Life Insurance Trust (ILIT)

Posted on June 29, 2005 by The Life Insurer

The following is general information.  You should consult an attorney to advise you and to construct any legal documents.  An irrevocable life insurance trust, often called by its abbreviation, ILIT, is a unique legal document to help keep the proceeds … Continue reading →

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Guarantees and Universal Life Insurance

Posted on June 28, 2005 by The Life Insurer

A difficulty with universal life insurance has been that if projections of interest and costs in the policy did not work out, one could lose or “lapse” the policy because of insufficient funds in the policy. Over the last few … Continue reading →

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