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 [...]

17 January 2014 0 Comments

Life Insurance Is A Lousy Investment?

A friend recently told my wife that she thought life insurance is a lousy investment.  Here’s my answer to this apparent slam:  Yes, life insurance is a lousy investment.  If you don’t die when the policy is in force, the entire premium you’ve paid is down the toilet. You see, life insurance is insurance, not [...]

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.  [...]

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 [...]

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]