Chris Abrams, Author at Abrams Insurance Solutions

All Posts By Chris Abrams

I'm a life insurance and financial planning specialist. My goal is to help my clients build wealth and save time and money when shopping for insurance. Learn strategies to build wealth with less risk, taxes and fees. Read our client reviews to learn what it is like to work with us. My team is licensed in all 50 states and represents over 70 insurance companies. If you have been declined for coverage, have a special need or have questions; contact us. We have creative solutions for almost every situation.

Buying Low Cost Life Insurance with Fibromyalgia (Complete Guide)

Fibromyalgia and life insurance are not mutually exclusive, regardless of what some people may lead you to believe. Whether your fibromyalgia is severe or mild, there are options for everyone. Surprisingly affordable choices at that. Quick Summary: Fibromyalgia might affect your life insurance rates. It all depends on the severity, what medication you’re taking, and…

4 methods for reducing premium financing risk

How to Avoid Premium Financing Risk (The 4 Safest Methods)

Premium financing presents some risk. It is vital that prospective buyers understand premium financing risk when funding a significant life insurance policy. Every financial strategy involves a potential downside. Savvy investors do everything they can to mitigate potential losses. While using premium financing to fund your insurance policy can reduce the amount of assets you…

Buying Low Price Life Insurance at Age 57 (Simple Ways to Cut Costs)

When you’re looking at life insurance at age 57, you know that premiums aren’t going to be what they were in your 30’s. But there are several ways to make sure that you can find the best rates. The best part is that none of them involve much (if any) work. Quick Summary Life insurance…

tax advantages of premium financing for life insurance

How to Take Advantage of the Estate and Gift Tax Benefits of Premium Financing

The estate and gift tax benefits of premium financing are the most attractive components of this life insurance strategy. There are several methods within premium financing you might employ to avoid these taxes. Which ones you pick will depend on your financial situation. These financial strategies will apply in different circumstances. Keep in mind that…

The Ultimate Guide to Finding Life Insurance with HIV

For decades, the phrase “life insurance with HIV” carried a heavy stigma. Applicants were routinely denied coverage, told outright that HIV or AIDS meant they were uninsurable. But the world has changed. Modern treatments allow people living with HIV to live long, healthy lives, and insurance companies have slowly begun to recognize this reality. If…

How to Get the Best Life Insurance for a 63 Year Old (The Easy Way)

Before you buy the first policy that comes along to get this over with, there are some things you should know about saving money on life insurance for a 63 year old versus life insurance at any age. Quick Summary Health conditions seem to magically crop up once people reach their 60s. Everything can matter,…

Using an Irrevocable Life Insurance Trust for Premium Financing

The first step in setting up life insurance with premium financing is creating an irrevocable life insurance trust. An irrevocable life insurance trust (ILIT) sets up tax benefits to protect large estates from exorbitant estate tax obligations. This type of trust requires several critical legal and financial decisions. To get everything right while avoiding pitfalls…

Waiver of Premium Rider for Life Insurance (How it Works)

Waiver of premium allows you to skip your life insurance payments if you become disabled and cannot work. It’s an extra layer of protection for folks who may not have enough emergency funds set aside to cover a year or two of life insurance payments. It’s a small additional premium for extra peace of mind…

How to Get Super Low-Cost Life Insurance at Age 31

Life insurance rates stand on three main factors, your age, biological sex, and current health. When looking for life insurance at age 31, you’ve done almost as well as you can on the age range for life insurance. There are a few other tricks to saving money. With a quick bit of research, you can…

How to Get Great, Low-Cost Life Insurance for a 70 Year Old

Most people think of life insurance as a young person’s thing. Something you buy to make sure you can support your children through their childhood. But there are other important reasons to get life insurance for a 70 year old. It could be supporting a spouse or just making sure your estate has the money…