Category Archives: Life Insurance

How to Pull Yourself Out of Debt Using Your Unneeded Life Insurance Policy

Evan’s Note: I have discussed various uses for life insurance, but came across this topic from a view I am rarely involved with. The uncertainty of the stock market over the past several years has done more than diminish the savings and investments of consumers – it has, in fact, led to a substantial amountContinue 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 knowContinue 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 andContinue Reading

If You Have been Thinking About Getting Life Insurance Now is the Time

I recently updated, upgraded and increased my life insurance and with the paperwork finally all completed I can finally say…there is no reason to delay and I should have looked at my insurance sooner!  For purposes of this post it doesn’t matter what type of life insurance we are talking about, if you are thinkingContinue Reading

Choosing a Life Insurance Beneficiary

I think that the beneficiary status on a life insurance policy is an often over looked when handling one’s finances and estate planning, however, for many it is the largest asset they leave behind for their heirs and should be handled with care.  As with everything on this site, I am not providing legal or financialContinue Reading