September was Life Insurance Awareness Month, but it is always a good time to explore the insurance options that will help to protect your family. And especially when it comes to your kids, it’s never too late to start considering what benefits would enhance their financial future. When I see my adult clients procrastinating about [...]
Traditionally, conventional wisdom was that life insurance was generally not needed once you retired. This may or may not still hold true and will vary based upon your personal situation. Here are a few thoughts. As you near retirement, life insurance can be… An excellent estate-planning tool. If you have a large estate, life insurance [...]
Financial advice is unique. Most of it is dead wrong. The advice given by brokers (or “financial consultants,” as they like to be called) frequently has nothing at all to support it. If you ask most financial advisers about cash value life insurance, this is what you will hear: Buy term and invest the difference. [...]
Life insurance is one of my favorite insurance products to sell. Why? Because it’s a selfless investment you make in the ones you love so they can continue their lives after you’re gone without a financial hardship. Financial relief helps survivors to focus on recovering from the emotional hardship of losing someone they love. Life [...]
If you're thinking about buying life insurance, there are several policies to consider including a universal life insurance policy or cash value policy and term life insurance. With a universal life insurance policy, you pay over time and part of the premium goes into a savings plan with little value unless you stick with it for the long run. With term life insurance, you pay a smaller yearly premium for a certain length of time. Because term life insurance costs less, it offers more of an opportunity to save on your own.
What are some actions you can take to improve your personal finances? To improve your personal finances you should save money for an emergency fund, not buy anything you don't need and put together an estate plan. Following these tips will put you on more firm financial footing.
