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 [...]

29 October 2013 0 Comments

The Age 55 “SPEED BUMP!”

If you are close to age 55 and haven’t reviewed your life insurance in the past few years, consider this a speed bump.  It means slowing down enough to spend some time with your agent to review what you have, determine what your objectives are over the coming years and make any adjustments that might [...]

25 October 2013 0 Comments

The Doc Says “I’m As Good As New”, Or “It Was Just A Little Lump”

Recently I was speaking with a personal friend of mine who happens to be a medical doctor.  I was grousing about how I had recently visited a doctor for a shoulder problem who had me fill out a long form pertaining to prior medical history and then appeared to pay no attention to my answers.  [...]

2 October 2013 0 Comments

The Cruelest Tax Of All

This may be an exaggeration, but many people feel that having their Social Security retirement benefit taxed is the cruelest tax of all.  But that’s what has been happening for the past few years.  Even though you have made after-tax contributions, up to 85% of your Social Security retirement income could be subject to federal [...]

20 September 2013 0 Comments

Managing Life Insurance Proceeds After You Are Gone

Some individuals are convinced that their spouse would have no ability to manage a large life insurance payout at their death, so they want to control how the benefits are paid to her.  Oops, I didn’t mean to be sexist, but the fact of the matter is that this concern is more often heard from [...]

27 August 2013 0 Comments

What’s Good — And Not So Good — About The U.S. Life Insurance Industry?

The good thing about the Life Insurance Industry in the United States is that the cost of policies has dropped over the past 20-30 years to the point where most people can afford to provide adequate protection for their families.  How many products or services can you name whose cost has followed this same downward [...]

29 May 2013 0 Comments

Indexed Universal Life: What It Will Do

My last entry outlined what Indexed Universal Life (IUL) will not do:  provide low cost death benefits as well as traditional UL.  So, what is IUL good for? IUL can produce meaningful cash values to be used during the lifetime of the insured as supplemental retirement income, or to support the policy’s death benefit after [...]

24 May 2013 0 Comments

Indexed Universal Life: What It Won’t Do

Indexed Universal Life (IUL) seems to be the permanent life insurance policy of choice today.  That’s because the return from investing in debt instruments (bonds and mortgages), which is the primary investment vehicle for life insurance companies, has tanked.  So, tacking returns to outside indexes primarily tied to equity investments produces higher, projected policy cash [...]

30 April 2013 0 Comments

The “Marketing Dedication” Factor

My last entry discussed pricing of term insurance and how it’s easy to overpay for a policy.  I ended by saying that next I’ll be covering permanent insurance pricing, but before I go there I want to spend a little time on…well, on the uncertain. Applying a test of financial strength to the company from whom you [...]

12 April 2013 0 Comments

Mary Jane

Years ago anyone who admitted to smoking marijuana would, at the very best, be charged the same premium assessed to cigarette smokers.  Today, most insurance companies do not take such a harsh view of an applicant who admits to having smoked “a joint” in the past 12 months.  Though a person who has smoked a [...]