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.

Navigating the Decision: Canceling Life Insurance with Cash Value

Life insurance is a cornerstone of a family’s financial safety net for many people. But as life situations change, sometimes it’s no longer needed. With term insurance, canceling your policy is as easy as telling your agent you want to cancel, and then you stop paying premiums. For canceling life insurance with cash value, that…

how to do a partial surrender of life insurance

Partial Surrender of Life Insurance: A Strategic Financial Move

Life insurance policies are a way to provide financial security for beneficiaries (family, businesses, etc.) after the policyholder’s death. However, sometimes life happens, and a policyholder needs financial security during their lifetime, too. A partial surrender of life insurance is one way to help offset sudden financial needs. This article covers what a partial surrender…

sell term life insurance policy for cash

Getting a Cash Offer for Your Term Life Insurance Policy: What You Need to Know

What if you could sell your term life insurance policy for cash instead of letting it expire? This process is called a life settlement. It’s a way for someone to sell a policy they no longer want or need rather than letting the policy lapse. For a comprehensive article about life settlements, read What Should…

EMA Critical Care Max 2.0 – Is This Critical Illness Insurance Worth It?

Today, let’s take a look at the EMA Critical Care Max 2.0 insurance. It’s a type of critical illness insurance that pays a benefit upon diagnosis of specific illnesses, namely the big, scary, and potentially expensive ones. EMA Critical Care 2.0 Max Overview EMA Critical Care 2.0 Max provides critical illness insurance. That means it…

EMA AcciProtect AD&D (Accidental Death & Dismemberment) Review

Today, we’re going to review the EMA AcciProtect AD&D insurance. It’s an accidental death and dismemberment policy. It’ll pay your beneficiaries if you die resulting from an accident. Or it’ll pay you some or all of the benefits if you lose specific limbs or senses. It’s an extra policy that you can get through EMA…

Unused Annuity? How to Avoid Leaving Your Kids With the Taxes

Annuities are arguably the best way to create a stream of guaranteed retirement income that you cannot outlive. We help our clients use them in a comprehensive retirement plan that avoids the usual retirement risks. It’s a popular option, too, with an estimated $2.52 trillion of retirement assets held in annuities just in the United…

EMA Value 20 Term Life Insurance Accepts Often-Declined Medical Conditions

The EMA Value 20 membership plan includes: Value 20 Life Features: Where Is Value 20 Life Available? Three Qualifying Questions As long as you’re 18 years old, you can apply all the way up through age 74. They guarantee acceptance to anyone answering “no” to the following questions: 1. Are you terminally ill? (Life expectancy…

Protect Your Kids and Your Business – 3 Kai-Zen Case Studies

We have three Kai-Zen life insurance case studies here showing how business owners provided for their children through: This is part of our series on gifting leveraged life insurance to your children to give them tax-free income rather than leaving a later inheritance. For more details on the mechanics, read the main article on Life…

Gifting Kai-Zen – A High Earner Case Study

We work with a lot of folks who have set up one of these leveraged life insurance contracts, make their 5th and final premium payment, and then ask, “Now what?” Usually, it’s a physician or a well-compensated executive. They have a couple of options. They can have more than one plan. They’d set up a…

How A Couple Turned an Unneeded RMD Into Over $9 Million

In this case study for gifting a leveraged life insurance policy, we’re looking at how one couple took their required distributions from their retirement policies and found a tax-efficient way to gift it to their grandchildren. They chose this over the alternative of reinvesting and paying more taxes later. If you aren’t familiar with the…