So, you want wisdom.

Wisdom

One attribute that people consistently desire is wisdom. One great Christian value that folks hope to have is wisdom. One appreciated characteristics we see in others is again, wisdom. One thing that many of us request of GOD for ourselves is wisdom.

So, you want wisdom. What is wisdom, exactly? The dictionary helps a little, but there is still a small quandary. Within the description the dictionary uses words like understanding, judiciousness, prudence, suitability, and discernment.

Want to know a short (3 words) definition? Wisdom: Correctly applied knowledge. Or even better: Correctly applied accurate knowledge.

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Insurance-based retirement plans

Insurance-based retirement plans

Insurance-based retirement plans (IBRP) may be able to protect your family’s future through a death benefit while you save for retirement with the same product.

As your personal situations change (i.e., marriage, birth of a child or job promotion), so do your life insurance needs. Care should be taken to ensure your strategies and products are suitable for your long-term life insurance needs. Weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing.

Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy.

Life insurance fees and charges associated with plans include costs of insurance that vary with such characteristics of the insured as sex, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

Potential problems may exist with life insurance policies

Potential problems may exist with life insurance policies purchased from ANY life insurance company during the 1980s, 1990s and pre 2008.

Many of those life policies have sustainability that is linked to interest rates and performance of the stock market. Interest rates have steadily declined and are at historic lows; also the stock markets over the last decade have under performed.

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