A couple of weeks ago, a 40-something friend of mine gave me the dreaded news: She has an aggressive form of breast cancer, and her prognosis is grim. She worries about who will take care of her 6-month-old son and 4-year-old daughter and how her husband will juggle it all if she’s not there to [...]
Life insurance and disability insurance are both important types of insurance to consider, especially if you have family members who depend on your earnings. Consumers might want to consider weighing these two different forms of insurance to determine if they want to purchase just one or if the benefits to getting both outweigh the costs. [...]
If you want to throw your hard-earned money into a hole, then buy permanent life insurance. While life insurance is a key component of your financial planning, it shouldn't be an expensive investment vehicle. Your policy should cover enough to replace the lost income if you die, or your spouse dies, so that the remaining [...]
In today’s difficult post-Great Recession economy, I find that more of my clients are renting out their single-family homes. This allows them to move to a smaller place so that they can make ends meet or save money for the future more easily. Some of my clients who have second homes are also renting those [...]
Life insurance can give you the peace of mind that your spouse or children will be taken care of in the event of your death. Unfortunately, there are fraudsters out there who know how to prey on your fear for your dependents and scam you out of thousands of dollars. When you’re shopping for a [...]
Life insurance is one of those topics about which I often hear questions. Many people don’t quite understand why they need to pay for a life insurance policy—or they are afraid that they might eventually need to use one. Most of us want to insure that our partner and/or children are taken care of financially [...]
No one wants to talk about death, but unfortunately far too many people put off discussing life insurance until it is too late. When you have others relying on you and your income, your death can spell disaster for them. The bottom line is that it is imperative to have a good life insurance policy in place [...]
September was Life Insurance Awareness Month, but it is always a good time to explore the insurance options that will help to protect your family. And especially when it comes to your kids, it’s never too late to start considering what benefits would enhance their financial future. When I see my adult clients procrastinating about [...]
Traditionally, conventional wisdom was that life insurance was generally not needed once you retired. This may or may not still hold true and will vary based upon your personal situation. Here are a few thoughts. As you near retirement, life insurance can be… An excellent estate-planning tool. If you have a large estate, life insurance [...]
Financial advice is unique. Most of it is dead wrong. The advice given by brokers (or “financial consultants,” as they like to be called) frequently has nothing at all to support it. If you ask most financial advisers about cash value life insurance, this is what you will hear: Buy term and invest the difference. [...]
