If you already have life insurance, that’s wonderful. But do you have the right kind? And even if you do, are you spending too much for it? Very few people know how to buy life insurance the right way. The good news is, there is only one key to unlock big savings (even though most […]
Insurance - How To Save Money
Life insurance is the bedrock foundation for a solid financial future. If people depend on you financially life insurance is the cheapest way to make sure your loved ones are provided for in case you die prematurely.
Having said, it’s important not to overpay for this protection. The life insurance industry has created some wonderful products. But they’ve also come up with a schemes that only work for the people who sell them – not for you. I want to make sure you don’t fall into any of those expensive and dangerous traps.
The following articles will help you understand the truth about life insurance and will help make sure you get the right coverage at the right price.
Who You Can And Can Not Buy Life Insurance For
I get a lot of questions and calls from people interested in buying insurance on the lives of other people. Some are shocked when I tell them they can’t buy the coverage they want because they have no insurable interest. What Is Insurable Interest And Why Does It Matter? If you would suffer an economic […]
Why Buy Life Insurance?
You may not need life insurance. Plenty of people don’t. But when I meet people who should have life insurance and don’t I go nuts. I also go nuts when people get sold the wrong kind of life insurance. I’ll get to all this. But first, let’s address the question of who should buy life […]
Do You Need Long Term Disability Insurance?
So long as you work for a living you have to consider long term disability insurance. Don’t get me wrong, not everybody needs disability insurance coverage of course. I received an e-mail from a loyal Wealth Pilgrim a few days ago that illustrates the point. Here’s his story: Jim is about to leave his work. […]
Should You Buy Life Insurance Through Work?
The answer to this question is almost always yes. If you buy insurance through your employer it will usually be far cheaper than buying it yourself. That said there are a few major pitfalls you need to be aware of when considering employer-provided life insurance. I like informed Pilgrims making good financial decisions, don’t you? […]
7 Ways to Lower Your Life Insurance Premiums
There are various ways to lower your life insurance premiums, however in order to take advantage of them, you’ll need to do some advanced preparation. Here are seven strategies: 1. Buy term life insurance Term life insurance is not only less expensive than whole life insurance, but much less expensive at that. You can often […]