Buying life insurance can be confusing at the best of times, but it needn’t be. With a bad economy and newer products available, term life insurance can look particularly attractive if you’re trying to save money – but now more than ever, it’s important to ask your insurance agent the right questions upfront.Read More
Financial security is a top concern for anyone these days, especially for young families or those just starting out in life. Saving up for a down payment on a house, car or college tuition means the topic of life insurance can take a back seat to seemingly more pressing issues.
Yet this is precisely the kind of financial instrument that can provide parents with the financial security they and their offspring would need in case of an untimely death—through a tax-free payout from the insurance company.Read More
You’ve read the stories; some billionaire leaves an entire estate to their favorite dog, without leaving their kids a dime. While your first reaction might be, “oh, well, they are rich and eccentric,” what if you wanted to leave your favorite furry friend ALL of your worldly possessions? If a “regular” person had a decent-sized life insurance policy, could he or she leave it all Fido?Read More
When determine how much life insurance to purchase, you can use either the Human Life Value Approach or the Needs Approach to help make your decision.Read More