Category Archives: Life Insurance

What is Keyman Insurance? Is Your Business Protected From Death?

What is Keyman Insurance? Is Your Business Protected From Death?

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

Why the Type of Life Insurance you Buy Doesn’t Matter

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

When Calculating Life Insurance You Are Replacing Two Incomes!

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

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

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