March 23, 2009
If you haven’t priced life insurance lately, you probably want to take a fresh look. Mortality experience has improved and rates have fallen. The most common need for life insurance is to replace lost earnings that would have supported your family. If you plan to retire (and who doesn’t?), your need for life insurance will reduce over time – the closer you get to retirement. While there are purposes for other kinds of life insurance, consider term products to meet temporary needs. If you truly have a decreasing need for life insurance, you may be interested in annual renewable term life insurance and gradually reducing the death benefit over time.
March 9, 2009
Most folks think of insurance for protecting their assets. A commonly overlooked asset is the ability to earn a living. Your income stream may be your most valuable asset. Disability Insurance or Disability Income (either referred to as DI) protects your income in the event you are injured and unable to work. Since the most common injuries are things you can recover from in a fairly short time, some people prefer to “self-insure” that short-term loss of income by having personal savings set aside.
March 2, 2009
People are only interested in insurance when it is time pay for a renewal, find new coverage, or file a claim. Although I never set out to be an insurance agent (who does, really?) I spent ten years as an independent insurance agent, five as a Certified Insurance Counselor (CIC). In coming weeks I plan to discuss ways of insuring your income, your life, your health, and your stuff.
