I admit that the topic of selecting the right insurance beneficiaries isn’t exactly riveting. OK…it’s actually a super snooze topic. You got me. But that’s the root of the problem. Most people don’t give this the attention it deserves and their family ends up paying the price. People typically jot down the name of their […]
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.
What is Disability Insurance?
Disability insurance can be really confusing. There are a lot of caveats and options to add to policies. Finding solid information that is easily understood can be challenging. But that’s no reason to forgo owning disability insurance if you need it. The stakes are just too high. Let’s look at some of the key areas […]
How To Read Term Life Insurance Quotes
Insurance companies and agents don’t necessarily try to make life insurance quotes difficult to understand. But they don’t make them easy to read either. I believe that term life is better than whole life for most people. But not all term life insurance policies are equal. Let’s assume that you know how much life insurance you need […]
What Is Mortgage Life Insurance? Is It Worth It?
Private mortgage insurance is a fancy name for life insurance. It pays off your mortgage – whatever the balance – if you die. While it sounds spicy, it’s not always a very good deal. Before we dive in, let me be clear the private mortgage insurance is not PMI mortgage insurance – which is also commonly referred to simply […]
How to Borrow From Life Insurance
One of the biggest benefits of having a whole life insurance policy is that it can potentially build up cash value – in addition to the death benefit. If the policy does accumulate cash value you may borrow against it and you may be able to do so tax-free. If you need that money and the […]
How to Buy Term Life Insurance Part II
Yesterday we discussed the basics behind saving money when you buy term life insurance. This is over and above the amount you save by purchasing term vs. whole life. We talked about how to determine how much coverage you need and how long you need it for. By having the right amount of coverage for […]