Years ago I ran into a long time friend of mine while on a cross-country business trip. Steve was a legitimate business magnate. He owns and runs 35 different companies with multinational operations. I agreed to meet Steve for dinner one evening to catch up on family and business.
He sat up in his seat while we each ordered... Read more
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Looking at Life Insurance
It's part of the human equation. Just as we rarely give thought to our health, unless something goes wrong, most of us are too busy living life to stop and wonder if our life insurance coverage is adequate. Would we be able to create security for our family if we should die unexpectedly? If you know anyone who's endured the sudden loss of a loved one, it goes without saying that it can be a devastating blow. Now think how much more overwhelming this would be without sufficient life insurance. What can life insurance do? If something were to happen to you, what could you expect your life insurance to do for your family? It could provide: A comfortable standard of living for your family Payment of any debts or expenses A source of income for loved ones A legacy to your favourite charity Today's life insurance policies aren't limited to providing for loved ones after you're gone. They can be used to build savings. You could use these tax-saving funds to supplement your retirement earnings or to provide long term care for a spouse. You'll want to ask your financial advisor about the many options available for accessing your policy cash values. From creating an instant estate for your loved ones to getting a quick cash value return if you should ever need money in an emergency, life insurance can do more for you than you may have thought. Insuring your plans Whatever dreams you're planning for, even when your circumstances have changed, life insurance can help you reach your goals. What if you've been fortunate enough to build a large estate? A provision to pay off any taxes due after you are gone will insure that your beneficiaries won't have to shoulder any unexpected costs. While there isn't really a right or wrong time to buy life insurance, it is wise to shop for life insurance when you don't need it. In other words, when you are building and creating plans for the future. You can always make adjustments as your circumstances change, but the key is to know what your insurance needs are right now. The provider will usually contact you once or twice a year. You may opt for a permanent life insurance policy, with a cash surrender value. Young couples that are just starting out might prefer the lower cost term life insurance. The best solution for you could be a combination of permanent and term policies. Some people aren't comfortable with brokers because of all the personal questions they ask. Although financial planning and estate planning is a personal thing, bear in mind that the best possible coverage for you and your family is one that is tailored to your needs. It will benefit you to have a professional who understands life insurance and who can explain the various policy advantages to you. That includes asking the right questions along the way. After all, those few uncomfortable moments could mean years of security for you and your loved ones.
The best car safety device is a rear-view mirror with a cop in it.
~Dudley Moore (1935-2002)
Whether you own a unique sports car that you tuck safely in the garage every night or you drive a worn out hand-me-down, the laws... As the life insurance industry web site lifeiline.org says: “If someone depends on you financially, chances are you need life insurance.”
It’s simple. Having life insurance is the way to make sure your loved ones will have th... The most common questions we get in the thousands of inquiries we get about disability insurance are the “who, what and when” questions: Who do I buy it from? Who should get it? These are accompanied by: What type of disability ... Workers’ compensation insurance, commonly called workers’ or workmen’s comp, is a form of insurance designed to provide compensation to workers who have been injured while on the job.
While the details can vary significantl... Perhaps the most commonly purchased type of insurance is automobile insurance, also called driver’s insurance or car insurance. Although laws vary somewhat, virtually all states today require drivers to carry some sort of auto... When it comes to buying life insurance the most important comparison is between term insurance and whole life. Here is an explanation of each.
A term life insurance plan provides life insurance - plain and simple. A whole li...
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