9 December 2013 0 Comments

When It’s Your Business …

If you own a business or are a self employed professional you should consider business life insurance.  The two most common uses of life insurance in a business are to fund a buy and sell agreement (22 Oct. 2013 blog) or as indemnification for the loss of a key employee.  When looking at these needs, […]

6 December 2013 0 Comments

How Much Is Enough?

How much Life Insurance do you really need?  It’s easy saying one should purchase life insurance equal to a given multiple of current income, but how can a given multiplier be accurate for all people?  It can’t be.  If you are in your 30’s with three young kids to support, the multiple of income is […]

2 December 2013 0 Comments

What Do You Need…What’ve You Got…What Do You Know?

Maybe I got to you in my last entry and you are going to do something about getting life insurance.  But, it’s not so simple because you already have a policy or two and you don’t know whether you should keep what you have or start fresh.  Without all the details I can’t advise you, […]

29 November 2013 0 Comments

Who Really Needs Life Insurance?

Do you really need life insurance?  I guess it can be argued that no one really needs life insurance.  After all, when a claim is paid on your life insurance policy, you will be dead.  Whatever your beliefs may be about a hereafter, when your death certificate is signed you no longer have a concern […]

22 November 2013 0 Comments

A Tax Time Bomb!

Several years ago you placed $50,000 into a deferred annuity.  You are now age 71 and that annuity’s value has grown to $75,000. As a widower you plan to leave the cash from this annuity to your grandson when you die.  You have plenty of other assets and a comfortable income. This is money you […]

19 November 2013 0 Comments

What’s Happened To Term Life Premiums?

In my last entry I promised to tell you why term insurance premiums have been plummeting over the past 50 years.  In the early 1960’s I was sitting at kitchen tables talking to young couples about protecting their families against the financial devastation of early death, most of the term insurance I sold was as […]

15 November 2013 0 Comments

Responsibility

There are many reasons given by young people with families who have not purchased enough life insurance to care for their children and spouses in the event of their early death: I don’t know what type of policy to buy. It’s too expensive; I can’t afford it. There are more important things I need to […]

12 November 2013 0 Comments

It’s No Surprise

At the end of my last entry I promised some surprises.  I have only one surprise:  Time moves much more quickly than you could ever imagine! Could it possibly be 57 years ago that I got word of my father’s sudden death as a moment of carelessness had him tangling with an oncoming steam engine […]

8 November 2013 0 Comments

Life Insurance When You Least Thought You Needed It

You’re age 68 and your wife is 65.  You had a minor heart attack a few years ago, but you’re fine now…been watching your diet and lifestyle.  Your wife is in great physical condition!  Life has been good to you.  You have invested wisely, your home is paid off and the net worth of your […]

5 November 2013 0 Comments

Can You Get Life Insurance With A History Of Strokes?

Strokes are typically the result of a blocked or ruptured blood vessel in the brain.  They are classified as a full stroke (also Cardiovascular Accident [CVA}) or mini stroke (also Trans Ischemic Attack [TIA]). TIA’s resolve themselves without any permanent damage to the brain.  Most TIA’s are due to a small temporary blockage of a […]