Category Archives: Insurance

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… Continue Reading

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… Continue Reading

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… Continue Reading

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… Continue Reading

Why Kris Jenner and Most People Should Talk to a Professional When it Comes to Life Insurance

There was a recent story about how Kris Jenner, Kim Kardashian’s mom, wants her daughter’s baby daddy, Kanye West, to pick up a Ten Million life insurance policy naming the child as primary beneficiary and Kim as contingent beneficiary which raised some interesting issues that can be applied to non-celebrities of normal wealth.  While no… Continue Reading

Situations When A Retiree Should Own Life Insurance

Most personal finance bloggers or gurus would say that Retirees or near retirees no longer need insurance, however, like most personal finance advice when you start applying real life situations the hard and fast rule starts to crumble.  There are situations when retirees or near retirees should have life insurance and just like my view on… Continue Reading