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Permanent Life Insurance - Life Coverage Policy Guide Albany GA

Life insurance companies make good money on these policies. There are generally incentives to life insurance agents to sell them. Insurers profit from people who buy these plans young and then drop them early.

TURNER FINANCIAL SERVICES - Herb Turner
(229) 435-1481
1277 Hwy 82 W
Leesburg, GA
 
Jonathan Neal
5425 Peachtree Parkway
Norcross, GA
Company
Company: CCG
Service
Annuities,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Insurance,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Retirement Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning

Data Provided by:
Daniyal Inamullah
4751 Best Road
Atlanta, GA
Company
Company: Waddell & Reed
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
Emory University/BA Economics
Service
Stock Market Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Individual Income Tax Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Life Insurance,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insur

Data Provided by:
James R. Faucett (RFC®), CSA
(478) 329-8564
601 Russell Pkwy Ste B
Warner Robins, GA
Company
Personal Wealth Management
Qualifications
Education: BS
Years of Experience: 18
Membership
IARFC, SCSA, NAIFA
Services
Invoice, Estate Planning, Retirement Planning, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Compensation Plans

Data Provided by:
James D Loftin (RFC®), CFP
(404) 419-2311
3500 Lenox Rd, NE
Atlanta, GA
Company
GERLOFTIN Wealth Advisors, LLC and United Planners
Qualifications
Education: BA
Years of Experience: 14
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Education Plan, Charitable Foundations, Asset Protection, BuySell

Data Provided by:
Mr. Alfred Lee Dingler (RFC®), CHFC, CLU
(770) 471-8888
1205 Hwy 92 South
Fayetteville, GA
Company
Prime Financial Services
Qualifications
Education: BBA Georgia State University
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Mr. Jonathan J. Neal (RFC®), CSA, MBA
(678) 906-2850
55425 Peachtree Parkway
Peachtree Corners, GA
Company
CCG-Capital Consulting
Qualifications
Education: BS
Years of Experience: 33
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Pension Planning, Retirement Planning, Seminars Work, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Charitable Foundations, BuySell, Compensation Plans

Data Provided by:
Mr. John E. Redfearn (RFC®), CFP, CHFC, CLU, CSA
(678) 579-0488
7000 Central Pkwy. NE
Atlanta, GA
Company
MD Planning Group, LLC
Qualifications
Education: BA, MEd, MA (Bus Admin)
Years of Experience: 17
Membership
IARFC, MDRT, FPA, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Asset

Data Provided by:
Mr. Maurice O. Miller (RFC®), CEP, MBA
(404) 298-0054
PO Box 1366
Stone Mountain, GA
Company
TM Financial Group, Inc/PBBIC Strategies
Qualifications
Education: BS, MBA
Years of Experience: 16
Membership
IARFC, NAPFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Mr. John R. Murray (RFC®), LUTCF
(912) 265-1932
PO Box 1733
Brunswick, GA
Company
John Murray & Associates Financial Group
Qualifications
Education: 31 Years in Public Accounting and Tax Services.20 Years in Insurance andFinancial Services.
Years of Experience: 25
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Seminars Work, Family Offices, Mortgage Loans, Annuities, Life Insurance, Long Term Care Insurance, Medical Insurance, Business Coach, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

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Permanent Life Insurance - Life Coverage Policy Guide

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Permanent Life Insurance

The only reason to buy permanent life insurance is that you are going to hold this insurance for life.

By holding the "permanent life insurance for life," we mean for life. There are usually up-front charges which considerably impact the savings component. Eventually, the savings will begin to pay off, but it can take 10 to 20 years for things to begin moving your way.

So what are you really getting? Well, it works like this: part of your monthly payment pays for the actual life insurance (This will normally be close to the amount you'd pay for term life insurance ). The rest of your payment (minus management charges; which are a fee over and above the cost of premium) is applied to the savings component. Therefore, in order to actually build savings, your premiums are higher than term life insurance by the amount of your savings contribution, plus fees to the life insurance company to 'manage' your money.

Now, if you want someone to manage your money, wouldn't you want a specialist? Maybe a bank?

Originally, the cash value that you built in your permanent life insurance was designed to continue to pay your premiums when you get older and premiums become REALLY expensive. This was a selling point because you banked money to pay high premiums to keep life insurance in force after retirement - when you don't make as much.

Another of the big selling points has been that you (as the life insurance policy holder) could access those savings if you need them. Sounds good, right? Well, it doesn't always work as planned. If you want to use those savings for something other than life insurance payments you will likely pay income tax on them; which negates any "tax shelter" status and could even push you into a higher tax bracket (with higher taxes).

Rules to borrow against a permanent life insurance plan can be very complicated, can cost interest, and what if you don't want to pay it back? It's supposed to be "your money" afte...

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