23 August 2013 0 Comments

Life Insurance – Myths Revealed

MYTH:  Don’t apply for life insurance if you think you have a medical problem because if you are turned down by one company you’ll have a hard time getting a policy from another company. FACT:  If you are declined coverage, or offered a policy that is rated up in price by one insurance company due to [...]

30 July 2013 0 Comments

Repeal Of DOMA Effect On Life Insurance Planning

On June 26, 2013 the United States Supreme Court struck down the Defense of Marriage Act (DOMA).  Essentially the court stated that advantages provided to married couples of opposite sexes could not be denied to married couples of the same sex.  So, if a couple of the same sex is married in any state within [...]

12 July 2013 0 Comments

The Doctor Will See You Now

Once you have decided to proceed with an application for life insurance your agent will set up a time for you to have a medical examination.  Unless you are applying for a very large amount of insurance or a treadmill ECG is required, the exam is more likely to be completed by a Paramedic than [...]

25 June 2013 0 Comments

We All Gotta Go Sometime, But Tony Soprano??

It’s not Tony Soprano who died.  It was James Gandolfini, the bigger than life, tougher than nails, sweeter than syrup actor who portrayed the godfather of the Soprano clan who died.  At only 51 years of age, the gentle giant is no longer with us.  Leaving behind a young wife, children ages 13 and 2 [...]

4 June 2013 0 Comments

IUL: The Last Word

After spending my last 4 blogs on Indexed Universal Life (IUL) here are my conclusions: IUL is likely to be a better form of permanent life insurance than Whole Life, due to equity investments providing a better long term return than debt investments. Variable Universal Life (VUL) might be considered as an alternative to IUL for [...]

11 May 2013 0 Comments

Pay Forever, Or For A Shorter Time?

Should you pay your life insurance premium forever, or would you rather be able to stop paying after a stipulated number of years?  That sounds like an easy question, but it’s a little like, “Have you stopped beating your wife?”  It’s a loaded question. With Universal Life, you can design the premium paying period just [...]

19 April 2013 0 Comments

THE ABC’s OF RATING LIFE INSURANCE COMPANIES

As a kid, when I brought home a report card with an “A” that was about as good as it got.  Even a “B” was to be commended, especially when it was for Latin, which I never could get into.  But, when you look at the ratings doled out by the top four financial rating [...]

16 April 2013 0 Comments

CAN YOU BET YOUR LIFE ON IT?

When you buy a life insurance policy you pay a premium to a life insurance company in exchange for their promise to pay your beneficiary a sum of money that is vastly greater than that premium.  You intend to provide your beneficiary with financial stability if you die during the term of the policy.  Can [...]

6 April 2013 0 Comments

When There’s Smoke…

Where there’s smoke…there’s an increase in life insurance premiums.  Those who are regular users of tobacco/nicotine products will pay a substantial amount more for their life insurance than those who do not use.  How much more?  Many factors go into this answer, including duration since last use of tobacco, age at issue, type of tobacco [...]

10 January 2013 0 Comments

How to Select a Life Insurance Agent

It’s not hard to find a life insurance agent.  Finding a good one with whom you can develop a rapport may not be so easy.  In my next blog I’ll identify some professional designations that will help you determine the degree to which an agent has studied his craft.  But those degrees, in themselves, do [...]