For most people, determining how much life insurance one should have is not an easy task. Confronting the subject of death is difficult enough, but add to that the question, “How much is my life worth?” and you now have a subject that most folks would rather avoid. We have looked at many life insurance calculators that have line items for every family expense one can think of and multiply those expenses by an estimated time one would need income to support those expenses. While this is a great exercise, we have found the task to be too time-consuming for most people.This income-replacement approach has been used by many life insurance agents over the years and it’s fairly simple to use.
Life Insurance Terms You Should Know Just like with lawyers, members of the insurance industry use unfamiliar terms when they discuss the various products they represent. Not because they’re smarter than anyone else, it’s just the nature of the industry. Certainly, anytime you’re speaking with an agent, you can … Continue reading Life Insurance Terms You Should KnowRead More
As a general rule, every type of insurance can be confusing, especially when a layperson listens to life insurance myths and attempts to read the content of an actual policy. Not because they don’t understand the concept of insurance, because most people do; but because policy information is typically written … Continue reading Life Insurance Myths DebunkedRead More
The amount of money that you pay every month for your life insurance policy is based on a number of different factors. You might be surprised to know that your driving record is one of them. Insurance companies are always assessing the risks involved in taking on a new policyholder. … Continue reading Like to Drive Fast? It Could Be Costing You in More Ways Than You ThinkRead More