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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 [...]

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 [...]

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 [...]

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 [...]

I only married you for your insurable interest

Insurable interest is created in one of three ways – by blood, marriage, or by a business relationship. It exists when an insured person derives a financial or other kind of benefit from the continuous existence of the insured object. You would have unlimited insurable interest in yourself. It must exist when the policy is [...]

They always argue that I shall someday die, which is not so

I detest Life-Insurance Agents; they always argue that I shall someday die, which is not so. – Stephen Leacock Uberrima Fides. The insurance contract must be entered into in utmost good faith by both parties (or uberrima fides if you will). The insured has a reasonable and just cause to assume something – that the [...]

Are your intentions with our Insurance Pure?

Insurance is only designed to cover a PURE risk. This is definable in terms of a dollar amount. It can’t cover SPECULATIVE risk – so don’t think the money you lost gambling will be covered! Speculation is the idea of making money, but insurance is designed to replace a loss – not make money for [...]

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 [...]

Don’t hate me because I’m Single.

I recently came across an article on Investopedia that lists the top 10 Insurance myths, and two stood out in my mind. Myth #1 I’m Single and Don’t Have Dependents, so I don’t need coverage:  I have to admit, when I was single, making sure I had life insurance was not only not a priority, [...]

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