Insurance is shifting the risk to someone or something that is more likely to be able to handle the catastrophic event.  People often insure their life through life insurance, their income through disability insurance, their business through business overhead insurance, etc.

Top Discounts on Car Insurance

In today’s world anything you can find a discount on can be a real help to the wallet, right? That’s why we have put together this list of the top discounts you can get on your car insurance. Now, remember some of these might apply to you while others might not, this is a general list of discounts the other thing to keep in mind is each insurance company is different and while some may honor these discounts others may not, the best course of action is to call your car insurance provider and ask what discounts are available to you. Loyalty [...]

By | June 10th, 2016|Insurance|0 Comments

Why I am Buying Life Insurance on my Second Child

I know I am in the minority when I say I think that if you can afford it, life insurance on a child is not only a reasonable purchase, but a good one! Regardless of whether I am having this discussion with a friend or even in professional circles it seems that the topic is often seen as too morbid for most.  There are two main reasons why I am such a proponent of buying life insurance on a child, and why I just completed the process myself. Full Disclosure may be important - I do not sell life insurance through this [...]

By | May 26th, 2015|Insurance|2 Comments

The Guaranteed Renewability on your Term Life Insurance Policy is Likely Not a Viable Option

The guaranteed renewability option on your term life insurance is likely to have no real value if you are like many adults who survive their initial term and still need insurance. My in-laws are about 60 years old and there is still a real need for life insurance on my father in law's life.  He is still working and eventually they will likely rely on both spouse's social security (of which one will disappear should there be a premature death).  However, like most people they took out a 20 year term policy, and is often the case survived the term.  Can they [...]

By | June 24th, 2014|Insurance|2 Comments

Ownership of Life Insurance may be Important

Since we all know the main purpose of life insurance is to provide for those when you aren't around the conversation often focuses on the beneficiary and almost no time is spent discussing the owner.  I think this is a huge shortcoming of both the legal world and the financial world because usually one side thinks the other is having this part of the conversation. Since the Death Benefit of Life Insurance May be Included in your Taxable Estate Ownership Matters It is often repeated almost like dogma that life insurance is tax free.  Well as with most absolutes there are notable and [...]

By | December 5th, 2013|Insurance|2 Comments

Don’t be a Jerk Get Life Insurance if You are Raising Children

Last week, I wrote about updating my life insurance and while it isn’t finalized yet revisiting the topic on a very personal level rather than for a faceless client has reinvigorated my feelings on the subject.  Granted, I work with the product, daily, but being in the in the middle of my own protection planning has really reminded me that the main purpose of life insurance shouldn't be forgotten - PROTECT YOUR CHILDREN SHOULD YOU PREMATURELY DIE.  For most relatively healthy young adults term life insurance is cheap.  So, if you are raising children, are relatively healthy, are relatively young and you [...]

By | March 25th, 2013|Insurance|10 Comments