When it comes to life insurance for retirees, it’s essential to understand the different options available and their respective benefits. Two common types of life insurance are term insurance and permanent insurance. While both serve as valuable tools for protecting your family and your assets, they function differently and are suitable for different stages of…
In this blog post, we will explore the contracting relationship between insurance brokerages and carriers and explore the application process for purchasing life insurance. We will also discuss the benefits of life insurance and the tax implications associated with it. The Role of Insurance Brokerages Insurance brokerages, such as US VetWealth, play a crucial role in…
Retirement comes with its own set of financial challenges, especially when it comes to managing your income and minimizing taxes. In this blog post, we will delve into the world of tax-free income options after retirement, specifically focusing on the experiences and advice shared by Trevor, Scott, and Mike, experts in financial planning for military retirees….
Life insurance is an essential financial tool that provides protection and financial security to individuals and their loved ones. However, choosing the right life insurance strategy can be a daunting task, especially considering the different life stages and unique circumstances each person may face. In this blog post, we will explore various life insurance strategies, including…
Indexed Universal Life Insurance (IUL) is a type of life insurance that focuses on what happens while you’re alive, rather than just what happens after you pass away. It offers flexibility and allows you to save and invest at your discretion, making it a powerful financial tool for individuals and families. When you hear the term…
Indexed Universal Life (IUL) insurance has gained popularity in recent years as an alternative to traditional life insurance policies. It offers a unique combination of protection and financial growth, making it an attractive option for many individuals, especially for those concerned with financial planning for military retirees and seeking a Survivor Benefit Plan (SBP) alternative. In…
We recently received the hardcover copy of our latest book, “Don’t Forget Your War Chest,” and we couldn’t be more thrilled with the outcome. In this blog post, we will provide you with an overview of our book, its purpose, and why it is an essential resource for anyone navigating the complexities of military retirement…
Mike, Trevor, and Scott discuss the relationship between the brokerage and life insurance carriers. The brokerage represents the carriers and helps clients design and implement life insurance plans. They guide clients through the application process and evaluate which carrier is most appropriate based on the client’s health and financial situation. They have access to a…
Mike, Scott, and Trevor discuss the benefits of permanent life insurance plans, like universal life insurance, compared to term life insurance for high performers and high-income earners. Permanent life insurance plans can provide higher returns of 6% to 8% annually with zero downside risk, tax-free growth, and more control. They note that term insurance is…
Scott and Mike discuss strategies for transitioning military service members to maximize their retirement income. They illustrate different scenarios comparing the traditional military pension plan with investing the same amount into a cash-value life insurance plan. The cash value plan offers several benefits including liquidity, a larger lump sum for the spouse, and the ability…