FP | May 25, 2009
Many financial advisors cast serious doubts on the investment potential of a cash value life insurance policy. It’s easy to see why. According to Moshe Milevsky, professor of Finance at Toronto’s York University, “policies that combine insurance with an element of investing- such as whole life and universal life-earn a lousy pre-tax return.” Rather then [...]
FP | May 22, 2009
1. Buy adequate coverage. Strive for enough to really protect your family. It’s tempting to procrastinate or squuze by with less protection. No one ever thinks tragedy will strike. But the point of insurance is to protect your family in the event of a tragedy! Thousands of families are now truggling because they didn’t take [...]
FP | May 19, 2009
If you have an outdated policy, and can find a better value, you may want to consider replacing it. Some general guidelines: Consider replacement when… Your family needs change, requiring more coverage. The policy is outdated. Many new policies are cheaper then those offered several years ago, even though you are older. Your investment needs [...]
FP | May 14, 2009
When it comes to life insurance, you have two basic choices: Some for of cash value life insurance (including universal life) and term insurance. Cash value policies have been sold for decades and are owned by millions of consumers. As a “bundled” policy, it requires you to buy both your death benefit and a cash [...]
FP | May 9, 2009
I speak to many people about life insurance almost daily and I can see a complete confusion over what the various types of life insurance are. Some folks have read up on what the consumer advocates have to say and demand term life insurance. Others just have to have something where they “get their money [...]
FP | May 8, 2009
How Life Works? When you’re young, you may have young children to support, a new mortgage payment, and many other obligations. Yet you haven’t had the time to accumulate much money. This is the time when the death of a breadwinner could be devastating and when you need coverage the most. When you’re older, you [...]
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