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Whole Life / Universal Life Premium Flexibility Differences
The August 2015 issue of Life INSURANCE PERSPECTIVES is now available on-line. Premium flexibility.


AAII Journal
Index Universal Life: The Latest Risky Life Insurance Product
May 2015, by Peter Katt. A clear and present danger facing cash value life insurance policyholders and those considering a cash value policy is index universal life.


Kiplinger's Retirement Report
Life Insurance At Risk of Lapsing
October 2014, By Susan B. Garland. "You assumed you were protecting your heirs when you bought a universal life insurance policy 20 years ago. Now the insurer is making an unexpected demand: Pay thousands of dollars in extra premiums a year, accept a sharply reduced death benefit, or let the policy expire. . . For the past several years . . . insurers have been crediting cash accounts at a guaranteed minimum rate of about 4%. And that's not enough to support rising insurance costs as owners age, Katt says. So insurers are dipping deeper into the cash value."


Journal of Financial Planning
Life Insurance Policy Replacements: Dos and Don'ts
July 2014, by Peter Katt. Some basic considerations, and two case studies, on replacing existing life insurance policies.
Do you need a fee-only insurance consultant?
March 13, 2013, By Jay MacDonald. "Looking for clarity before you commit to a complex whole life or universal life insurance plan? Or wondering whether Mom or Dad still needs that expensive life insurance policy that was purchased all those years ago? You might benefit from a chat with a fee-only insurance consultant."


Kiplinger's Personal Finance
Cash From Your Life Insurance
January 2013, By Sandra Block. The usefulness of built up cash values in existing whole-life policies, especially when facing retirement with decimated investment portfolios. "Before you use your policy as a bank, note that the loans could deprive your family of a tax-free inheritance when the loans are deducted from the death benefit. For that reason, you should only borrow money that you intend to repay, says Peter Katt, a fee-only life insurance adviser in Mattawan, Mich."


The Wall Street Journal
Draining Away!
Saturday/Sunday, November 17-18, 2012, By Leslie Scism and Joe Light. Low interest rates are killing your life-insurance policy. Here's what you can do about it. "In the next few years, millions of savers are in for a surprise that could cost them tens of thousands of dollars now - or hundreds of thousands later. . . It's important for policyholders to get a new illustration at lease once every two years, says Peter Katt, a fee-only life-insurance adviser at Katt & Co. in Mattawan, Mich."


The Wall Street Journal
Life Policies: The Whole Truth
Saturday/Sunday, June 9-10, 2012, By Leslie Scism. The recent market turmoil is rekindling interest in a financial product designed to provide safety and stability: whole-life insurance. "Peter Katt, a fee-only life-insurance advisor in Mattawan, Mich., recommends mutual insururers, which are owned by policyholders. . . These firms have track records for delivering vlaue, Mr. Katt says, including long histories of generous dividends."
Stern Advice: Are old variable annuities the best?
Wednesday, June 13, 2012, By Linda Stern. The variable annuity market has been sending some very mixed signals lately. Sales are down, several key players have exited the market, yet assets in the insurance products reached an all-time high of $1.61 trillion in the first quarter of the year. "All of those benefits are wrapped up in a package that was typically so fee- and commission-laden that variable annuities became the subject of complaints from consumers and warnings from the securities industry self-regulator, the Financial Industry Regulatory Authority (FINRAQ). Some experts, like Mattawan, Michigan, fee-only insurance adviser Peter Katt, still claim they are mostly without value to investors."


AICPA Insider
Index Universal Life Insurance
January 19, 2012. Beware of a possible new scam.


AICPA Insider
Life Insurance Policies in a Medical Corporation
December 15, 2011. Common errors exposed.


The Wall Street Journal
A College-Saving Strategy That Could Flunk Out
Saturday/Sunday, July 2-3, 2011, By Mary Pilon and Leslie Scism.
The problems with variable uniersal life insurance policies pitched as vehicles for college savers in the 1990s. "The problem is that variable uniersal life is also a 'particularly complex and difficult' type of life insurance that typically carries higher costs than other types, days Peter Katt, a fee-only life-insurance adviser in Kalamazoo, Mich."


PIABA Bar Journall
Updating the Life Settlement Market
Volume 17, No. 4, 2010, by Peter Katt. The recent issue of PIABA Bar Journal contains an
article from Peter Katt on life insurance settlements.


USA Today
Have life insurance? Is it enough or maybe too much?
Friday, Dec. 10, 2010, By, by Christine Dugas and Sandra Block.
Family protection life insurance, how much is enough?

"People don't think about, 'What will my family do if I am gone and not earning a living?'" says Peter Katt, a fee-only life insurance adviser. "The whole point of this kind of planning is to provide the family with maximum flexibility so they're not stuck."


The Wall Street Journal
Juicing Your Life Insurance
Saturday/Sunday, June 5-6, 2010, By Leslie Scism.
This article takes a look at indexed universal life. A form of permanent life insurance that appeals to people eager to capture stock-market gains while avoiding undue risk. The policies, however, are more complex and expensive than many agents let on. "Peter Katt, a fee-only insurance adviser in Mattawan, Mich., says one of his concerns is a lack of industry-wide standards for projections of the policies' performance in marketing materials."


Money Magazine
5 Things You Need to Know About...Permanent Life Insurance
March 2010, by Linda Stern. Permanent insurance protects your family's finances when you die, while also providing an investment component that builds within the policy and can be tapped or borrow against if needed. "That makes permanent insurance useful for high earners who max out other tax-deferred savings, says life insurace adviser Peter Katt of Mattawan, Mich. Because it lasts a lifetime, a permanent policy may also make sense for older people who'll have illiquid estates - like small-business owners - but want to pass on money.". . . "If you think you're a candidate for a permanent policy, find an independent expert to help you pick among these. Search 'fee-only life insurance' online to find pros who charge hourly fees (around $300) and eschew commissions from insurers."


The Wall Street Journal
Whole-Life Insurance, Long Derided, Gets New Lease
Saturday/Sunday, February 27-28, 2010, by Leslie Scism. Permanent life insurance was a rising star during the financial crisis. Thanks to conservative investments in bonds, whole life and universal life policies delivered positive returns during the economic down-turn. Also, "Investment gains are tax-deferred, and you are able to withdraw tax-free much or all of what you put into the policy. The policies are a good way for many people who have maxed out contributions to 401(k)s and other tax-advantaged plans to save for a variety of purposes before they die, says Peter Katt, a fee-only life-insurance adviser in Mattawan, Mich."


Forbes is now posting articles by Peter Katt on their website, To see his articles, go to their website and search for Peter Katt.



Katt & Company • 890 Treasure Island Drive • Mattawan, MI 49071
Phone: 269.372.3497 • Fax: 269.372.4681