Life Insurance

/Life Insurance

Life insurance is something that is vital for every adult, and some children. Life insurance provides a death benefit when one is needed most, when someone has died. There are multiple types of life insurance including term, universal life and whole life.  Within those broad categories there are certain subsets like annual renewable term insurance, variable universal life insurance, indexed universal life insurance, blended whole life insurance etc. I try to help people understand how much and what kind they might need to research.

Learning from Others: 5 Common Life Insurance Mistakes and How to Avoid Them

As long as you choose term life insurance, you’re doing well for yourself. But even the best term life insurance policies can be rendered less effective when you make certain mistakes. Finally, ready to get life insurance, and do it right? Here are five mistakes you should be careful not to make. Waiting it out. Death is a tough topic for some people. It always seems like something in the distant future, which is why we make excuses as to why we don’t need it now. Instead, we say we’ll look into life insurance after age 40, or 50, or whenever. But [...]

By |2018-08-29T13:32:00-04:00August 27th, 2018|Life Insurance|0 Comments

Step by Step Guide to Choosing the Best Life Insurance Plans

Long gone are the days when life insurance was deemed the rich man’s indulgence. The world keeps getting busier, more hazardous by the day—a fact well reflected by the boon in the life insurance sector, with more and more people looking to purchase a policy. But with so much competition in the market, so many different plans, deciding upon the best life insurance policy can be quite perplexing. Here’s a step by step guide to help you with your quest… Figure Out Your Requirements The primary objective of a best life insurance policy is that it safeguards the financial future of your [...]

By |2018-08-07T00:04:00-04:00June 5th, 2018|Life Insurance|0 Comments

Buying a TINY Permanent Whole Life Insurance Policy

I have discussed why I like whole life insurance policies in the past, and why I have bought policies on myself, my son, my daughter and The Wife.  I am well aware this isn't a particularly popular position to take on interwebs as buy term and invest the difference is the common mantra.  However, with a national average of 5% odds say that those that are claiming that is their plan aren't following through. Nonetheless, this past week I converted a tiny piece of The Wife's policy which led to some interesting items I thought I would share. Why Did I Convert a tiny portion [...]

By |2018-01-16T22:10:13-04:00December 7th, 2017|Life Insurance|2 Comments

What is a Blended Whole Life Insurance Policy?

It is amazing how many people do not understand the life insurance product they own.  I do not blame the consumer, rather, I blame the advisor who didn't explain it well enough.  Everyone understands what term insurance is, although most people do not understand that it is not a viable option after the term period, and everyone understands their group term benefits not everyone understands their permanent life insurance which may be a bit more complicated. While I clearly am a fan of whole life insurance, I can appreciate that not everyone is, and the debate as to whether one should actually [...]

By |2019-04-23T15:08:18-04:00February 20th, 2017|Life Insurance|0 Comments

Types of Life Insurance: Know What Works for You

The reality of life is that it can be really confusing and complicated sometimes. Also, all of us have our expiry date, meaning that we have to leave our loved ones someday. It may be hard to swallow for some people, but you better think about it one way or another. As we think more of our loved ones and what can happen to us during fateful days, there's one thing that can help ease those worries. It's this reality that merits the existence of life insurance, which is indeed important if you don't want your exit to be entirely wasteful. But it's [...]

By |2017-02-23T14:20:14-04:00January 29th, 2016|Life Insurance|2 Comments