6 Books You Have To Read Before Buying Life Insurance

Having life insurance coverage is an important step in providing financial security for your family. It is a way to ensure that your loved ones are taken care financially in the event of your death.

Life insurance can provide a variety of benefits, including helping to pay off debts, paying living expenses, and paying any medical or final expenses.

It can also replace lost income and provide a financial cushion for your family during difficult times - it all depends on the amount of coverage you get. Life insurance coverage is especially important if you are married with children or have other relatives who depend on you financially.

Life insurance it's not just to provide financial security, it will also give you peace of mind knowing that your family will not be left in a bind if something happens to you. As Schuerman Insurance mentions on their site, life insurance policies are tailored to meet individual needs, so it is important to learn as much as possible about all the life insurance options before deciding what type is the best for your situation.

Here are a few books you should read before purchasing life insurance:

1. Look Before You LIRP: Why All Life Insurance Retirement Plans Are Not Created Equal, and How to Find the Right One for You

In The Power of Zero, David McKnight teaches readers how to get to the 0% tax bracket in retirement. But why is this so important? Because if rates increase, such as the double tax rate predicted by some, two times zero is still zero! In order to reach the 0% tax bracket many people use a Life Insurance Retirement Plan (LIRP).

In Look Before Your LIRP, he delves into the specifics of using a LIRP for tax-free retirement and compares it to the search for a life-long partner. What should you look for in the perfect LIRP? It's all outlined in the book! Look Before Your LIRP outlines the qualities to consider when selecting a LIRP and even reveals the one best suited to help you reach the 0% tax bracket.

2. Questions and Answers on Life Insurance: The Life Insurance Toolbook

Are you in need of help navigating the complex world of life insurance policies? Tony Steuer has the solution. With 35 years of experience in the industry, Steuer offers a unique guide to understanding and selecting the right life insurance policy for you.

This book is a must-have for consumers and financial advisors alike, as it simplifies the process of choosing and monitoring a policy. Using an easy-to-follow question-and-answer format, Steuer dives into the details of life insurance, including how to differentiate between types of policies, find and evaluate a policy and company, hire a trusted agent, understand the practice of underwriting, and monitor a policy's performance.

Steuer's guide will help you make the best decisions possible when it comes to life insurance, so that you can get the most out of your policy. This book is the perfect resource to help you navigate the daunting task of selecting life insurance and avoiding any unpleasant surprises along the way.

3. Unraveling The Universal Life Scam (The Shorter Truth)

Buying a Universal Life insurance policy as an investment may seem like a great idea, but insurers often make use of illustrations supplied to agents and brokers as sales tools, which can be deceiving. If you've bought or are considering a Universal Life policy, it's time to learn the truth.

This book will show you the scam behind the illustrations that promise unrealistic cash values. Don't fall for the sales pitch without learning the facts. Discover how to make an informed decision about Universal Life insurance. Get the knowledge you need to make sure you're getting the most out of your investment.

4. Busting the Life Insurance Lies: 38 Myths And Misconceptions That Sabotage Your Wealth

Is life insurance a bad investment? Do I lose all my cash value when I die? Should I just make a bundle and invest it? Do my spouse or kids need life insurance? Is it against the policy to borrow money? My advisor said one thing, my financial planner said another, and an expert on TV said something else. What do I do? Help!

Confusion surrounding life insurance abounds. Misinformation, myths, and even outright lies cloud our understanding of what it is, how it works, when you need it, and—most importantly—what great benefits it can bring.

Kim Butler and Jack Burns have over 50 years of experience in the industry between them. They've seen what works and what fails. They know what's true and what's not. They're tired of seeing smart, well-meaning people struggle to make the right decision because of a lack of reliable information.

Busting The Life Insurance Lies is here to clear up the confusion. This book takes 38 of the most pervasive myths and smashes them to pieces.

Whether you're wondering if life insurance is right for you, want to know how it can help you while you're alive, or work in the industry yourself, this book will provide the answers you need to make the best decision possible - one you can feel good about for the rest of your life.

5. The Financial Pocketknife: Beating the Dream Killers

Dream Killers are financial and life issues that prevent us from living life to the fullest and achieving our dreams. They include financial issues such as inflation, taxes, and market risk and life issues such as premature death, job loss, and fear.

Our success or failure in achieving our goals and dreams are often dependent on how we battle these Dream Killers. But in today’s modern economy, life is busy and financial issues can be confusing.

The result can often lead us to great struggle in our lives and cause us to “settle” and give up on our dreams. Ideally, it would be optimal if we had a convenient and effective way to combat these Dream Killers with a powerful and versatile tool. Just as a pocketknife combines many valuable tools into one “super tool”, The Financial Pocketknife® incorporates many financial tools into one financial product…Indexed Universal Life insurance.

The Financial Pocketknife® explains why Indexed Universal Life Insurance is one of the most powerful financial tools ever designed to help families beat the Dream Killers and build a strong financial foundation.

6. Money. Wealth. Life Insurance.: How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings

In this book, you won't find the typical investment strategies taught by Wall Street, but a powerful form of cash value life insurance instead. This elite financial tool has been used by the wealthy to stockpile wealth for centuries. With its benefits, you can create a personal bank on steroids and a secure financial bunker for difficult times.

Discover how to win with taxes and keep more of the money you make, how to create a reliable and predictable foundation to boost your financial decisions, and how to leverage your life insurance policies to earn over 300% returns.

We will also explore three case studies that show exactly how cash value life insurance works, from how it grows to how it's accessed and the income you can take in the future. Banks and corporations place billions of dollars into this vehicle for its wealth-building benefits.

Discover why Walt Disney, JC Penney, and Ray Kroc relied on it and how you can too. Finally, understand why cash value life insurance is a highly efficient way to supercharge your savings and stockpile wealth. It's a product so powerful, it's responsible for the success of many.