Life Insurance provides the policy holder with the reassurance that their death would not cause their loves ones financial hardship. This will help you navigate the complexities of life insurance to determine which type of life insurance policy would best suit your needs.
Many people remain unaware of the many ways in which life insurance can help families meet their key financial goals. Here are three of the biggest of these objectives, as seen through the eyes of a hypothetical couple, ...(more)
I decided to sell my motorcycle the other day.
There wasn’t anything wrong with it. It was a beautiful bike and it was in really good shape. It had low miles and ran well. The reason I sold it was because it didn’t ...(more)
There are some things in life that I would never go without. Some things are so important that whenever they run low, I make sure they are replaced. Coffee is one. Gasoline in my car is another.
Could you imagine ...(more)
Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your ...(more)
Most people don’t realize (or do, but don’t plan for it) that, as a couple, there is lost income from Social Security automatically built in. I discussed examples in a post titled “Social Security and Survivor ...(more)
While I'm sure most of you are not aware of this, but September is officially Life Insurance Awareness Month. It may not seem like a big deal at the time, but life insurance can have a tremendous impact on the lives of ...(more)
Insurance is paying – a certain small loss – a premium in exchange for recovery of a large potential loss. Most people try to calculate how they can turn insurance into an investment. Unfortunately, the insurance ...(more)
Do you need life insurance? Maybe you do and maybe you don't. You may need life insurance if you have dependents who would find it difficult to get by without your income. Or, you may want to leave a legacy to ...(more)
I’ve reviewed over two dozen life insurance policies this year. Aside from the big problems I currently see in cash value policies, beneficiary designation is important because a mistake can be costly. Perhaps ...(more)
One of the most common questions I’m asked is, “How much life insurance do I/we need?”
My most common answer to that question is, “More than you think.”
Let’s take a look at a real life scenario that I recently worked ...(more)
“Don’t trust the person who has broken faith once.”–William Shakespeare
On December 17, 2012, Instagram decided to update its Terms of Service (TOS) and hope that nobody noticed the change. For those of you who are not ...(more)
Nobody likes to contemplate the death of a child. We’d all like to assume that our children will outlive us. Nevertheless, it does happen, from time to time.
Over the years, I’ve found that some families are more ...(more)
I am a CERTIFIED FINANCIAL PLANNER™ Practitioner, who specializes in family protection, and I love what I do. The reason why I love what I do is because I can help families protect their most valuable asset—their loved ...(more)
The origins of the concept of life insurance, as we know it, can be traced to ancient Rome. Caius Marius, a Roman military leader, creates a burial club among his troops in approximately 100 B.C, so that in the event ...(more)
The potential for attractive returns can make life insurance a powerful (even surprising) way to protect your legacy and strengthen your portfolio.
Life insurance has a bit of an image problem. Many people put off ...(more)
Cash value life insurance has a lot of moving parts, and consequently is a very flexible (and complicated) vehicle that can be used for many different purposes. However, just because it is a tool that can be configured ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.