When you're lying on your deathbed, you're probably not going to be thinking, "I'm so glad I had that social productivity app for my professional and personal life to constantly distract me when I went on my honeymoon, played with my kids and hiked up half dome.It seems like everyone has a productivity app these days, but do they make our lives better? Lets start with what is the "better" life. I would define it as actually having...more
Need life insurance? If you have a family, life insurance is a necessity today. Life insurance is there to provide your family with financial coverage in the event that you no longer can. Life insurance comes in many different forms, so it should be easy to find a policy that is affordable and provides the coverage that is right for you. Since life insurance is so important today, let's take a closer look at some of the options you have when buying life insurance.First of all, there is a basic choice between term life insurance and whole life insurance. Term life insurance is the more affordable option, as it is simply life insurance. You pay for the coverage and if you should pass away during the term of the policy, the amount of coverage is paid to your dependents. A term policy can be from a few years to 30 years, and is quite affordable under the age of 50. Past the age of 50, it is still affordable if you live a very healthy life, but as we are nearing the end of life in our later years, the rates on term insurance definitely go up.Whole life insurance is a whole different ball game. There is more to whole life than just the fact that it lasts for your entire life. The...more
There are a number of times in your life that you’ll need to review your life insurance to ensure you’re adequately covered and you have the right policy for your circumstances.Failing to reevaluate your needs can mean that you end up underinsured- something that many American families are facing, with an average insurance gap of almost...more
People commonly worry about what will happen to their families should the latter pass on quite unexpectedly. Apprehension doubles when they know their children are yet to go through school and not be able to fend for themselves. Perhaps the best way to encourage people to let go of their apprehensions is to give them a secure future with the help...more
A lot of people have been approached about using life insurance as an investment tool. Do you believe that life insurance is an asset or a liability? I will discuss life insurance which I think is one of the best ways to protect your family. Do you buy term insurance or permanent insurance is the main question that people should consider?Many people choose term insurance because it is the cheapest and provides the most coverage for a stated period of time such as 5, 10, 15, 20 or 30 years. People are living longer so term insurance may not always be the best investment for everyone. If a person selects the 30 year term option they have the longest period of coverage but that would not be the best for a person in their 20's because if a 25 year old selects the 30 year term policy then at age 55 the term would end. When the person who is 55 years old and is still in great health but still needs life insurance the cost of insurance for a 55 year old can get extremely expensive. Do you buy term and invest the difference? If you are a disciplined investor this could work for you but is it the best way to pass assets to your heirs tax free? If a person dies during the 30 year term period...more
Make your decision on what you would like to begin purchasing a plan. You can either do this by yourself or even get it through your employer. You can also get perception from a fee-only economic planner, buy a policy through a financial advisor who...more
Beneficiaries Of Unclaimed Life Insurance Policies Can Really Use The Money It is just a shame that money owed to some beneficiaires of unclaimed life insurance policies never get to them during their lifetimes. I spoke with some...more
So why write this article with the scary headline, simply to say it's more dangerous to not have life insurance? Because every day you continue living without an insurance policy is another day you risk leaving your family with nothing but...more
Secret #1: Don't spend too much time on a life insurance quote.Do not be fooled by the low price quotes you get online - they don't apply to you unless you are extremely healthy. Statistically only 10% of people who apply actually get the lowest...more