Atlanta Financial Newsroom

Fact or Fiction

AFA
December 11, 2018

Fiction:
Insurance policy loans are an attractive, easy and inexpensive way to access cash.

Fact:
A loan on your insurance policy can be a useful benefit but requires require careful planning. A policy loan puts up your policy’s cash value as collateral. If you defer your loan interest, it will be added to the next year’s loan principal. If unwatched, your loan may exceed the maximum collateral limit. Then, if you choose not to make a repayment, the insurance company will recover the amount due from your cash values, potentially resulting in termination of your life insurance. Careful planning and ongoing monitoring of outstanding policy loans is essential to avoid unexpected consequences. If you are considering borrowing from your life insurance policy, consult your advisor today for insight into whether this technique makes sense for you. If you have an outstanding loan on an existing policy, please allow us to work closely with you to carefully monitor policy performance.

Share This:

Facebook
LinkedIn
Twitter
Google+

Ruminating About Resolutions

As we begin 2019, many of us are taking a fresh look at our goals and the things we want to accomplish in 2019. According to Fidelity Investments’ 10th Annual New Years’ Resolutions Study, almost one-third of Americans are considering making a financial resolution for 2019, with the top three resolutions being to save more, pay down debt, and spend less. Research has shown that there is a connection between financial wellness and happiness. So, if you can start this new year by making resolutions and taking some actions to improve your finances, I believe that your long-term financial wellness and happiness will increase. Below, are six actions for you to consider implementing in 2019:

Read More »

The New “ATL Financial” App: Account Information in the Palm of Your Hand

We are excited to announce the rollout of our very own ATL Financial app! Simply go to the App Store on your smartphone and search for “ATL Financial.” If you have already established your credentials and accessed the AFA portal, you will simply need to enter the same user id and password to log in to the app. You will be able to view the same information available on our portal right in the palm of your hand.

Read More »

Key Retirement and Tax Numbers for 2019

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2019.

Read More »

Famous People Who Failed to Plan Properly

It’s almost impossible to overstate the importance of taking the time to plan your estate. Nevertheless, it’s surprising how many American adults haven’t done so. You might think that those who are rich and famous would be way ahead of the curve when it comes to planning their estates properly, considering the resources and lawyers presumably available to them. Yet there are plenty of celebrities and people of note who died with inadequate (or nonexistent) estate plans.

Read More »

Yearly Archive

Author Archive