Insurance is shifting the risk to someone or something that is more likely to be able to handle the catastrophic event.  People often insure their life through life insurance, their income through disability insurance, their business through business overhead insurance, etc.

How To Take Care Of Your Finances If You Become Disabled

Unless someone has a well-established career, taking care of their finances is difficult in today’s economy simply because the cost of living is usually higher than the cost of labor. This means that it’s difficult to avoid a lower standard of living. Many jobs at or near minimum wage simply don’t pay enough to cover basic living expenses. Still, it can be even more difficult to balance finances if a person has a disability that limits how many hours they can work a week. According to the U.S. Census Bureau's American Community Survey, "Individuals with disabilities were less likely to be employed than [...]

By |2018-08-23T09:24:06-04:00July 24th, 2017|Insurance|0 Comments

Top Discounts on Car Insurance

In today’s world anything you can find a discount on can be a real help to the wallet, right? That’s why we have put together this list of the top discounts you can get on your car insurance. Now, remember some of these might apply to you while others might not, this is a general list of discounts the other thing to keep in mind is each insurance company is different and while some may honor these discounts others may not, the best course of action is to call your car insurance provider and ask what discounts are available to you. Loyalty [...]

By |2016-06-13T12:18:06-04:00June 10th, 2016|Insurance|0 Comments

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 often seen as too morbid for most.  There are two main reasons why I am such a proponent of buying life insurance on a child, and why I just completed the process myself. Full Disclosure may be important - I do not sell life insurance through this [...]

By |2015-08-15T15:00:38-04:00May 26th, 2015|Insurance|2 Comments

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 is still working and eventually they will likely rely on both spouse's social security (of which one will disappear should there be a premature death).  However, like most people they took out a 20 year term policy, and is often the case survived the term.  Can they [...]

By |2014-06-24T00:32:35-04:00June 24th, 2014|Insurance|2 Comments

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 the other is having this part of the conversation. Since the Death Benefit of Life Insurance May be Included in your Taxable Estate Ownership Matters It is often repeated almost like dogma that life insurance is tax free.  Well as with most absolutes there are notable and [...]

By |2016-03-07T23:12:35-04:00December 5th, 2013|Insurance|2 Comments