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Permanent Life Insurance - Life Coverage Policy Guide Gardnerville NV

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.

Mr. Ronald C. Rollo (RFC®), CLU
(702) 382-4961
2505 Anthem Village Dr.
Henderson, NV
Company
Rollo, Hodgman & Associates
Qualifications
Education: S
Years of Experience: 47
Membership
IARFC
Services
Invoice, Estate Planning, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, BuySell

Data Provided by:
Timothy Bock
1635 Villiage Center Circle 140
Las Vegas, NV
Company
Title: President
Company: Summit Portfolio Management
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
Arizona State University Five
Years Experience
Years Experience: 27
Service
Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Captive Insurance,401k Rollover From Employer,CD Alternative,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Pension for Highly Compensated Owners,Income for Life/ Preserve Principal,Alternative Investments,Life Insurance,Alternative Asset Class Planning,Invest

Data Provided by:
Corey Zimet
10620 So. Highlands Pkwy
LAs Vegas, NV
Company
Company: CBZ Retirement Solutions,LLC
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Business Income Tax Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Pla

Data Provided by:
Joann S Zwagerman, Professional Corp
(702) 306-7500
PO Box 531482
Henderson, NV
 
Farmers Insurance Group
(702) 804-5600
5595 Simmons St
North Las Vegas, NV
 
Dale Ehrgott
890 Mill Street
Reno, NV
Company
Title: President/Broker
Company: Advanced Insurance Consulting
Years Experience
Years Experience: 20+
Service
Medicare Planning,Health Care Insurance,Retirement Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Disability Insurance,Annuities,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Medicaid,Life Insurance,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning

Data Provided by:
Jeffrey Goldman
450 Hillside Drive #A107
Mesquite , NV
Company
Title: Financial Consultant
Company: Jeff Goldman
Type
Investment Advisor Rep: Yes
Education
Rensselaer Polytechnic Institute/Bachelor of Science
Years Experience
Years Experience: 6
Service
Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Fee Only Portfolio Managem

Data Provided by:
American Family Insurance-Michele Weith
(702) 733-5820
6775 Edmond St Ste 300
Las Vegas, NV
 
Accurate Insurance Services
(775) 673-3229
5468 Sun Valley Blvd
Sun Valley, NV
 
Farmers Insurance Group
(702) 649-2331
1616 Civic Center Dr
North Las Vegas, NV
 
Data Provided by:

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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