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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 [...]

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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