Life Insurance; Tony Steuer Columns

The Life-Cycle Model of Consumption and Savings

Posted on by Tony Steuer, CLU, LA, CPFFE
The Life-Cycle Model of Consumption and Savings

A new approach to calculating life insurance needs is the life-cycle model of consumption and savings, which is based on the life-cycle model. Professor Franco Modigliani and his colleagues at Massachusetts Institute of Technology developed this model in the 1950s and 1960s. Modigliani won the Noble Peace Price in 1985 for the development of this model, which was built on the early work of Irving Fisher, a Yale economist, in the 1920s. In this model,…

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What Are the Differences Between Term and Permanent Life Insurance

Posted on by Tony Steuer, CLU, LA, CPFFE
What Are the Differences Between Term and Permanent Life Insurance

As of right now, there are over 1,500 active life insurance companies, each offering a variety of policies, which makes for an endless amount of available options. This can make your decision even more difficult. No guide, adviser or reference can feasibly cover every type of policy. This column is designed to help you distinguish the differences between term and permanent life. For starters, all life insurance policies promise to pay an agreed sum of…

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Straight Answers to Seven Tough Insurance Questions

Posted on by Todd Halterman
Straight Answers to Seven Tough Insurance Questions

We give you straight answers to your toughest, and some of the most common, questions about life and health insurance. How does high blood pressure impact life insurance underwriting decisions? In the vast majority of cases, having high blood pressure doesn’t mean you’re out of luck for life insurance. The premiums may be higher than if you had a normal blood pressure number, and in some extreme instances insurance companies might decline your life insurance…

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Ways To Calculate Your Life Insurance Needs

Posted on by Tony Steuer, CLU, LA, CPFFE
Ways To Calculate Your Life Insurance Needs

Capital preservation and capital liquidation is a method of calculating life insurance needs, which can be used independently or in conjunction with the need analysis. When used separately, it can serve as a quick calculation, if you want to just do an income replacement approach. Either way, once the amount of income replacement is determine, a decision must be made as to whether the pool of capital should be preserved or liquidated.

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