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 [...]

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 [...]

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 [...]

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 [...]

22 October 2013 0 Comments

Binding A Business Agreement

In my last entry I discussed the importance of business owners entering into an agreement to sell their business interests in the event of death.  It is so important to enter into a buy-and-sell, or stock redemption agreement prior to death.  The agreement should require that the heirs of the deceased business owner sell and that the [...]

27 September 2013 0 Comments

Random Questions And Comments About Life Insurance

Over the years I’ve been asked many questions and heard many comments from people just like you about life insurance.  Here are a few more of them and my answers: Q.  What is Waiver of Premium and is it a good deal? A.  Waiver of Premium is a rider that can be added to a [...]

24 September 2013 0 Comments

When Do You Need Insurance?

When do you need insurance?  To many, that depends on what type of insurance we’re talking about.  You need car insurance when you register your car because the state most likely requires proof of insurance.  You need insurance on your home when you apply for a mortgage loan.  But no one requires that you have [...]

17 September 2013 0 Comments

A Set Of Non-Emotional Principles For Purchasing Life Insurance

Here’s a question I was recently asked: What is a (non-emotional) set of principles for life insurance purchases that represent the best use of money and best balance of low cost, disaster versus investment choices as you age? Here was my answer: In a typical family setting, the first principle is to realize that the [...]