31 January 2014 0 Comments

When Replacement Is Not Bad

In my last entry I described “twisting” as an unethical procedure used by insurance agents causing you to replace an existing policy with a new one.  But, not all policy replacement is bad.  There are times when it makes sense to replace an existing life insurance policy with a new one.  As long as the [...]

21 January 2014 0 Comments

The Life Insurance Review

How often should you review your life insurance program?  If you liken a meeting with your life insurance agent to a trip to the dentist, you will probably approve of my answer:  Once every 5 years is enough unless you have a change in your financial picture. Here are changes in the financial picture of [...]

14 January 2014 0 Comments

The One Way Street

A Life Insurance Policy is like a One Way Street… in the good sense.  Once a policy has been issued there is no turning back—not for you—but for the insurance company.  When you buy an automobile or homeowner’s policy the insurance company has typically only committed to you for a one year period of time.  [...]

10 January 2014 0 Comments

Should You Wait And See?

You’re age 57, in reasonably good health and your term insurance policy you bought 10 years ago is coming to its end. You figure at this point in your life a $200,000 policy is what you want to carry until the day you die.  Now, if you’ll tell me when that fatal day will arrive, [...]

7 January 2014 0 Comments

The Retirement Planning Process

It may be true that it is never too early to start planning for retirement, but let’s face it—there are a lot of other things that are at the fore of your financial plans at young ages.  Retirement is a long ways off and easy to defer for later planning.  Still, here are a few [...]

3 January 2014 0 Comments

Transferring Capital For Maximum Effect

Many people whose family has grown and are in a reasonably sound financial position are sitting on substantial money in bank CD’s.  The interest credited, they admit, is lousy, but it’s their safety cushion.  They don’t want to risk it.  Here’s an interesting option: Pete and Sue have been married for many years and, at [...]

31 December 2013 0 Comments

What If Your Life Insurance Company Goes Out Of Business?

In my last two entries I’ve discussed when your life insurance company might deny or delay a claim.  But there is one other contingency to consider:  What if your Life Insurance Company goes out of business? All insurance companies in the U.S. are regulated by state laws, not by the Federal Government, so any specifics [...]

27 December 2013 0 Comments

Can Your Life Insurance Company Refuse To Pay A Claim? (Part 2)

In my last entry I discussed circumstances that might cause a life insurance claim to be denied during the first two years of the policy:  fraud and material misrepresentation—and—suicide.  I also discussed how a claim might be denied due to premiums not being paid.  With only one exception, these are the only conditions that could [...]

24 December 2013 0 Comments

Happiness And Health To All My Friends

During this time of year I take leave from my usual blog to wish each of you a very happy, healthy and prosperous holiday season.  Take time to enjoy your life to the fullest and to express your love to your family and thanks to all friends who have been by your side during your [...]

20 December 2013 0 Comments

Can Your Life Insurance Company Refuse To Pay A Claim (Part 1)

Insurance Companies occasionally make headlines because of claims they refuse to pay.  But, those news stories are usually about health, disability and property and casualty insurance claims.  The company is probably contesting, stating that there has been no bone fide loss covered by the policy. But life insurance is a different story.  Dead is dead!  [...]