Universal Life Insurance: Does It Boost Your Retirement?

Wealth transfer to children and even through multiple generations is one of the key concerns among affluent and high-net-worth individuals. The reasons are understandable: to be good stewards of wealth, whether built or received and to give their children better opportunities in life. Often, such transfer-of-wealth planning commonly known as legacy planning, typically involves the […]
A Comprehensive Look at Legacy Planning and Gifting with Universal Life Policies – Part 1

Since 2003, we have been advocating the use of term insurance instead of whole life policies. The thinking is pretty straightforward: the primary purpose of insurance is to replace income loss due to death, disability and a medical crisis. And since there will come a time in our life when we either no longer earn […]
A Comprehensive Look at Legacy Planning and Gifting with Universal Life Policies – Part 2

In my previous article dated 28 November 2020, I wrote about universal life policies (ULPs) being touted as good instruments that allow the affluent to free up more cash for their retirement while still leaving a significant legacy. But ULPs are not the holy grail to legacy planning as there may be a more cost-effective […]