by Michael Isom | Dec 5, 2019 | Utilization
Depending on which company your policy is with and the amount of loan you want to take, we may be able to request the loan on your behalf, bypassing any paperwork to complete. The easiest way to request a loan would be to contact our office so we can either request...
by Michael Isom | Dec 5, 2019 | Review
How often should I review my life insurance needs or wants? We suggest at a minimum on an annual basis. The annual review document and the assessment are for you to assess what’s gone on over the last year. Maybe there’s been a job promotion, maybe...
by Michael Isom | Dec 5, 2019 | FAQ-Policy, Utilization
Why do I want to meet with you annually? There are a couple of reasons. First, we want you to keep the fire of why you’ve done what you’ve done with us here at Vault AIS and we want you to utilize that in your life personally and professionally. How many...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
If you have a qualified plan, what do you do with it? Do you continue to fund it? Is it the most efficient place for you to put your cash? First of all, when you fund a qualified plan, you’re relinquishing control of cash and you’re putting it into a...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
What is a buy-sell agreement? I am not an attorney and I am not an accountant. So I am not giving tax advice or legal advice here. Simply put a buy-sell agreement is a document inside your LLC, S-corp, C-corp. It’s a legal agreement that you have with a partner...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
Do I need life insurance on key employees? Yes! Yes, you want life insurance on your key employees. Do you remember the conversation about transferring the risk versus retaining it? The #1 Asset in your business is you! People are assets, things are not. Human life...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
How do I know how much life insurance I need? Producers buy as much life insurance as they can get. That’s a pretty bold statement, is it? Producers Vs Consumers. Consumers consume more than they produce. Producers produce more than they consume. However,...
by Michael Isom | Dec 5, 2019 | Calculations and Tools
Do we have a budgeting tool? We have something better than a budgeting tool. We have an empowering spending plan. Budgeting tools are boring, right? Download the Family Finance Guide We have a workable PDF that will allow you to first eliminate emotion and get to the...
by Michael Isom | Dec 5, 2019 | Utilization
Life Insurance statements. What should you know? What would you want to know? You get them on an annual basis. Open them. Read through them. These whole life insurance policies are not a registered security. You’re not going to get monthly or quarterly...
by Michael Isom | Dec 5, 2019 | Utilization
When do I pay back my policy loan that I took against my cash value? You can get that loan amortization schedule by going to calculator.net and put in the amount that you’re borrowing, the interest rate, and the time period that you want to pay it back and...
