Should you buy life insurance for children? No. Never. Forget it. Bad idea. Life insurance is a tool to protect your family. There are two ways this tool helps your family. 1. Protecting You from Estate Tax This is what whole life and universal life are for (and these insurances are ONLY for that purpose). […]
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.
Do You Need a Disability Insurance Policy? Maybe Not.
You may be pleasantly surprised to learn that the odds of needing employee disability insurance are much lower than you previously thought. This is the case if you work for someone or work for yourself. Disability insurance replaces a portion of your income if you are unable to work. Usually, it pays up to 60% […]
Should You Replace Your Employee Disability Insurance?
When you leave your job, one thing you’ll have to consider is disability insurance. I received an e-mail from a loyal Wealth Pilgrim a few days ago with exactly that concern. Here’s his story: Jim is about to leave work for good. He’s made enough money to retire from his current job and is going […]
Flood and Fire Damage Insurance Companies Don’t Want You To Know This
When it’s time to make a claim on flood or fire damage insurance, all you care about is getting taken care of. Even if you buy the right flood damage insurance, you aren’t out of the woods. I know this firsthand. Several years ago we had a huge flood in our home. When all was […]
Guaranteed Life Insurance – The Best Choice?
Is guaranteed life insurance a good choice? You’ve seen it advertised by has-been celebrities. They make it sound “sooo” attractive. No medical exam. You can’t be declined. They don’t even ask you about your medical condition or the medications you take. This pitch might really appeal to you if you think you can’t get coverage […]
Term Life Insurance vs. Whole Life Insurance – In Plain English
Term life insurance vs. whole life insurance. Which is a better choice for you? Term life insurance policies serve a purpose. So do whole life insurance policies. The purpose of term life insurance is to protect your family for a specific time period. If you buy the right term life insurance, it does the job […]