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The Whole Truth and nothing but.

Whole Life Insurance: Whole Life Insurance would seem to be self-explanatory, yet there still seems to be confusion – so much so that authors will spend their precious time writing entire books explaining it. The confusion may stem from the fact that so many of the details of the policy are kept secret.  But fear [...]

Life=math problem: + irritation, – sleep, × problems, ÷ happiness.

“The quality of life that you have is determined solely by the effort you put into giving your life value, purpose and a reason.” – Steven Redhead, the Solution. Sorry Mr. Redhead, but that’s not entirely true when it comes to life insurance. Rather, your annual salary and the number of years left to work [...]

Premium, Loading, Reserves. Oh my!

MIE – nope, this isn’t what Miss Piggy is famous for saying. Rather, it’s an acronym for the three factors considered in figuring rates for an individual life policy. “M” is for Mortality. “I” is for Interest Rates. “E” is for Expenses. Mortality are the death claims the company expects to pay. This uses a [...]

Younger and Thinner is the Name of the Game

If younger and thinner is the name of the game? Then I don’t want to play. Perfect health? Good cholesterol and blood pressure? Not on any medication? No family history of heart attack and stroke before the age of 65? No history of alcohol or drug abuse (including tobacco)? Play it safe? If you said [...]

Is my age all that matters?

Pick a feature, any feature – age, sex, occupation, physical condition, personal activities, financial status, and moral hazards. These are all characteristics the insurer could look at when underwriting an individual policy. Mortality Tables are ignored and race, ethnicity and nationality aren’t a consideration. In addition, poor taste in clothes and a bad sense of [...]

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