Can I decide how much money goes into premium and how much goes into cash?
YES! Of course, there are just a couple guidelines to stick to when deciding how much money to put towards each. Your insurance premium must be at least 10% of your total deposit. So however much your insurance premium expense is, you are allowed to put in 10 times that amount as your TOTAL deposit.
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Should You Be Offering Whole Life Insurance at Your Business? Yes! — And Here’s Why
Offering whole life insurance at your business benefits more than just your employees. It can help you gain independence from bank loans and also has tax advantages. At IBC Global, Inc., we help small businesses, large corporations, and medical practices implement corporate-owned life insurance policies. Learn the top five benefits of investing in this insurance
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All About The Fixed Loan Rate
Fixed loan interest rates are common among many insurance companies. Fixed loan rates are much easier to understand as the term “fixed” means just that – the rate is fixed and will not adjust. With that said, it is beneficial to be aware of what features exist with policies that carry a fixed loan rate. Most companies/policies that have a fixed loan rate usually have a rate
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All About The Variable Loan Rate
Variable loan interest rates on a life insurance policy are very common today. Some hear the term “variable” and hesitate at moving forward due to the lack of control. In general, products with variable loans can result in a consumer’s paying more in interest because an institution decides to increase the rate. The question is: How do variable loan
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What Is The Loan Interest Rate?
The loan interest rate on a policy will vary depending on the company. Typically, interest rates will vary from ~5% – 6% with most insurance companies, although some companies still carry an 8% loan interest rate. Most Insurance policies offer a fixed or variable rate. Some companies offer both, but the policyholder must select whether we want a fixed or
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