We don’t need no stinkin’ Life Insurance

So why do you take out life insurance? Well, Dateline or 48 hours might lead you to believe it’s so you can benefit from the unexpected death of someone you intentionally kill specifically for their life insurance. However, that will land you in jail, and is never really a great idea. I watched a Dateline [...]

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 [...]

A Verbal Contract isn’t worth the paper it’s written on

A Verbal Contract isn’t worth the paper it’s written on. – Samuel Goldwyn I first came to realize the surplus of contracts out there after getting engaged. There’s the marriage contract and prenuptial agreement (needless to say, we did not need this). There’s the contract required to join bank accounts and another to put someone [...]

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