Many business owners, especially smaller businesses owners rely heavily on one or two key employees; but what happens if that key person dies? How long will it take to get that business up back to its previously efficient way? How much will it cost to retrain someone? Those are obviously questions that only a business… Continue Reading
Category Archives: Life Insurance
Why the Type of Life Insurance you Buy Doesn’t Matter
For a lot of people who are shopping for life insurance, one of the first questions they ask themselves is, “what type of life insurance should I buy?” This question usually ends with some form of “whole life” or “term life,” as though those are the only two options. That’s the wrong way to think… Continue Reading
When Calculating Life Insurance You Are Replacing Two Incomes!
Purchasing life insurance is a bigger discussion than just replacing one income…sometimes you have to replace two! Over the years I have watched a lot of my favorite personal finance bloggers talk about calculating life insurance need, and I never understood why their calculations only take into account replacing one income. Two recent posts on… Continue Reading
Create Your Own Pension Using Whole Life Insurance
In order to fully understand this post I am going to have to ask you to put down your $19.95 Suze Orman book or shut off your podcast of Dave Ramsey – and give me a chance to describe and illustrate how to create your own Pension Using Whole Life Insurance before leaving me comments… Continue Reading
Buying Life Insurance on a Child Part Two
I received an interesting e-mail in response ot my post about buying life insurance on a child. In that post, my basic contention was that if someone isn’t able to work because of a loss of child, why wouldn’t they insure the child’s life so that one can grieve without the worry of working? The e-mailer… Continue Reading
Buying Life Insurance on a Child’s Life
Warning this post might be considered too morbid for some people. I had an interesting conversation the other week with one of the financial planners in my office that got me thinking. There was a client who was in the midst of buying life insurance on a young child (about 5 years old), I had… Continue Reading
