New book: Navigating the Complex World of Life Insurance
By Ken Godfrey
Life Insurance Financial Evaluations, LLC
ARLINGTON, VA, AUG. 20, 2012 Life insurance industry veteran, Kenneth W. Godfrey, CLU, ChFC, CFP®, recently teamed up with his father and tax and accounting expert, Dr. L. Howard Godfrey, to co-author their first book together. This book merges the fifteen plus years of life insurance planning expertise from Kenneth Godfrey with the forty plus years of tax and accounting expertise from Dr. L. Howard Godfrey, making it a one of a kind resource for both consumers and financial industry professionals.
Life insurance is one of the most important assets available today to manage risks and create wealth. However, it is often one of the most complicated, misrepresented, and misunderstood assets.
Life insurance products can provide attractive long term returns that may be received income and/or estate tax free if properly structured and managed appropriately. As a result, many insurance agents and consumers promote or purchase life insurance products as alternatives to other investment alternatives.
However, many consumers (and industry practitioners) do not understand: 1) how to accurately compare life insurance products to other investments, and 2) the potential tax risks and pitfalls if policies are not properly managed until mortality. This book clarifies these issues and misconceptions regarding life insurance, whether purchased for estate planning/wealth transfer or for retirement or income planning scenarios.
"Navigating the Complex World of Life Insurance" is written for both consumers and industry professionals and focuses on the important characteristics and key issues to understand when selling or considering a purchase of life insurance. This book can be your guide to making educated life insurance decisions and lead you through your successful life insurance journey.