All Posts By Danny Gallant
Danny is a second-generation life insurance agent licensed in all fifty states. He lives in Kennebunk, Maine, with his wife and three dogs.
IUL vs Roth for Retirement

IUL vs Roth IRA for Retirement

An IUL and a Roth IRA can both be used toward retirement. However, they function very differently and are entirely different vehicles, so should be considered independently. What is a Roth IRA A Roth IRA is an investment vehicle. It enables you to make post-tax contributions into an account that can then be invested in…
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IUL provides stability in retirement

An IUL Provides Stability in Market Downturns

As people approach retirement, a big concern is gaining stability during market downturns. Accessing cash from traditional investments and selling stock can really hurt your portfolio, and put your principal in a compromising position. An IUL can provide stability in market downturns in a way that allows you to keep your higher risk investments stable.…
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IUL Calculators – Do They Work?

While its tempting to try to get a quick answer regarding an IUL (indexed universal life insurance), or other type of insurance using a calculator, it is difficult to get an automatic quote using one. What is Indexed Universal Life insurance? Indexed Universal Life Insurance, more commonly known as an IUL, is permanent life insurance…
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IUl vs 401k for retirement

IUL Versus 401k for retirement

You may be wondering which investment strategy is better – an IUL or 401k. While both vehicles will help you grow investments toward retirement, they are structured very differently and offer different benefits. Which you choose depends on your goals, personality, employment scenario and where you are in your investment journey. What is an IUL…
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What is Whole Life Insurance

How Whole Life Insurance Compares to Term Life

Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as premiums are paid. Whole life differs from term life in the following ways: Policy Length and Cash Value Unlike term life insurance, which covers a specific period, or term (20 or…
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Why should life insurance policies be reviewed?

A life insurance policy review can accomplish several things. When properly done a review can uncover things about your existing coverage that you may not be aware of…and might not like. On the other hand, it can also serve to assure you that you’re properly protected. A lot of people I talk to on a…
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How life insurance can help secure a business loan

How life insurance can help secure a business loan

Obtaining business funding can be a little challenging, especially for a startup or young company. Lenders usually require some type of collateral from the business owner(s). Life insurance is often part of that requirement. It’s used to protect the lender in the event of the borrower’s death. In this article, I’ll discuss how life insurance…
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How to protect your business with life insurance

How to protect your business with life insurance

When most people think of life insurance they imagine someone who wants to provide for a loved one in the event of their death. At it’s most basic, life insurance is designed to pay out a death benefit to the insured person’s beneficiaries. That’s often a spouse, parent(s), children, a charity, or anyone the insured…
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Using Indexed Universal Life for Real Estate Investing

Stop overpaying for mortgage protection insurance

Despite what the name implies, mortgage protection insurance is almost never the best option for homeowners to protect their mortgage. It’s expensive, the death benefit decreases every year and it usually involves post-claim underwriting (which favors the insurance company). In this article, I will make my case for why I think you should stop overpaying…
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No medical exam

What is no medical exam life insurance?

Unlike traditional term, universal or whole life insurance, no medical exam life insurance does not require that you submit to blood & urine testing or a physical examination. You do have to answer health & lifestyle questions as part of the application process, however, so your overall risk level is still taken into consideration.  As…
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