Category Archives: Life Insurance

Life Insurance Companies are Starting to Use Big Data for Premium Discounts

For the most part, purchasing life insurance is pretty standard – you apply, the company will do a medical exam and then provide the insured/owner with terms and pricing for those terms.  If you take up smoking or heroine after your exam, your rates don’t change.  I always thought that was interesting, but if rates could…Continue Reading

9/11 and Remembering to Plan for Your Family

I have mentioned it in the past, but my brother is FDNY.  He was the second class after 9/11 occurred and was recently promoted to Lieutenant after studying and applying himself like I have never seen before.  It makes 9/11 a reminder that something could happen to him. I recently came across the video below,…Continue Reading

Why Don’t People Audit their Life Insurance?

It seems that everyone who pays close enough attention to their finances audits their auto/homeowner’s insurance as well as compare credit cards to make sure they are getting the *best* deal out there, but no one talks about auditing their life insurance. What Does Auditing One’s Life Insurance Look Like? Just like everyone should know…Continue Reading

What is an Insurable Interest?

It just seems almost self evident that if you are applying for life insurance there is probably a reason for it (i.e. a close family member, a business partner, etc.), however, it may not be simple.  Whether it be based on common law or statutory law every State has a different definition for insurable interest.…Continue Reading

How Do You Want Your Survivors To Live? Are You Set Up That Way?

I believe that people often forget the real reason for most life insurance policies which is to provide for your family if you were to prematurely pass away.  With that being said, the next question is “how much” do you want to provide? I was talking to The Wife recently about my previous upgrade and…Continue Reading