What’s the difference between term and whole life insurance?

Term life provides coverage for a specific period (like 10 or 20 years) and is generally more affordable upfront. Whole life lasts your entire life, builds guaranteed cash value over time, and can be used as a financial asset during your lifetime.

How does the 90/10 whole life policy work?

In a 90/10 split design, 90% of your premium goes toward building cash value and only 10% toward base insurance. This maximizes your ability to borrow from your policy early on while still maintaining long-term death benefit protection.

Can I borrow from my policy, and how does that affect my coverage?

Yes, you can borrow against your policy’s cash value tax-free. However, any unpaid loan balance will reduce the death benefit paid to your beneficiaries if not repaid.

Do I need a medical exam to qualify?

Some policies require a medical exam, but we also offer simplified issue and no-exam options, especially for smaller coverage amounts or certain age groups.

What happens if I stop paying premiums?

If your policy has built enough cash value, it may stay active through automatic loan payments or reduced benefits. If not, it may lapse. We’ll help you structure it properly to avoid surprises.

How long does it take to build cash value in a traditional whole life policy vs a 90/10 design vs term life?

Traditional whole life policies typically begin building cash value slowly, often taking 3–5 years before the growth becomes noticeable. Early premiums primarily cover policy fees and the cost of insurance. In contrast, a 90/10 whole life design, where 90% of your payment goes toward paid-up additions (PUAs) and 10% toward the base premium, builds cash value much faster, often showing significant growth in the first year. These are often used by individuals who want to maximize living benefits and treat the policy like a long-term savings asset. Term life, on the other hand, does not build any cash value at all. It’s pure protection, you’re paying for a death benefit only, with no savings component.

What is your approach to debt elimination?

We help you build a customized plan using proven strategies like debt snowball, debt avalanche, or strategic refinancing. Our goal is to free you from high-interest payments while improving your credit and financial control.

Can you help me improve my credit score?

Yes, we offer education and step-by-step guidance on how to boost your score — including how to dispute errors, build good habits, and strategically manage credit use.

Do you negotiate with creditors or offer consolidation loans?

We do not directly negotiate or issue loans, but we work with clients to explore trusted solutions that may include consolidation, settlement, or smart refinancing depending on your situation.

How long will it take to become debt free?

It depends on the total amount, interest rates, and your monthly commitment. Most clients see significant progress within 6–12 months of consistent effort.

Is budgeting included with this service?

Yes, every client receives a custom budgeting plan when they purchase the Debt Elimination & Wealth Strategy Session or the Financial Literacy Coaching Call to help manage cash flow, avoid new debt, and build savings habits aligned with your goals.

What is financial literacy coaching and how does it help?

We teach you the essentials of money management, insurance, credit, and investing so you can confidently take control of your financial future — not just rely on guesswork or trends.

Do you help with retirement or college savings plans?

Yes, we provide education and referrals for IRAs, Roth IRAs, 529 plans, and insurance-backed strategies that support long-term goals.

How do I know which services I need?

Start with our free “My Legacy Assessment” — it gives you a personalized recommendation based on your goals and current financial standing.

Is this only for people with high income or investments?

Not at all. We specialize in helping everyday individuals and families, especially those in underserved communities, build generational wealth starting with what they have right now.

How do I get started with My Legacy Assessment?

Just click the “My Legacy Assessment” button on our website. After you finish, schedule a consultation to go in depth your plan. Here’s a link to our appointment page to Schedule Your Legacy Plan.