Life Insurance is Confusing – Here’s Everything Millennials Need to Know

5 Aug

The last thing you want to think about in your twenties is your own death. It’s difficult enough to juggle brunch plans, your love life and your micromanaging boss, let alone plan for what could happen to you decades from now. But life comes at you fast — and suddenly you’re 35, living with your partner and two gorgeous kids in the suburbs. OK, maybe you’re not quite there yet, but some version of adulthood is likely staring you in the face. More >>

4 Ways to Make Life Insurance More Affordable

29 Jul

You’ve probably been told time and time again that you should have a life insurance policy, but if you’re like many consumers, you’ve been putting it off due to one key factor: money. It’s true that life insurance isn’t always cheap, but there are steps you can take to make it more affordable. More >>

Life Insurance and the Foreign Nationals Market

24 Jul

Advisor interest in the foreign national space is on the upswing. This is good news since it’s arguably the most lucrative market the life insurance industry. It’s also good news that more U.S. life carriers are comfortable with foreign national business and are actually welcoming it. More >>

I Signed Up For $1 Million of Life Insurance Before I Ever Had a Family, and it Sounds Like A Lot – But If I Could Do it Again, I’d Get Twice as Much

22 Jul

When it comes to life insurance, signing up sooner rather than later is usually a good idea. The cost of life insurance typically only goes up as you get older, so I wanted to lock in the best possible rate in my 20s. While I didn’t have my family yet, I planned to have kids in the next few years and wanted to make sure they would be covered in case of a sudden loss of my income. More >>

How Much Life Insurance Do You Really Need?

15 Jul

Like annuities, the subject of life insurance tends to be one of the most controversial, hotly contested financial planning topics, often sparking debates bordering on fisticuffs between purveyors of policies, and those who eschew the juicy commissions such policies frequently pay. More >>

As Family Dynamics Change, Your Life Insurance Should, Too

8 Jul

As you move through your life, changes to the dynamics of your family and business life may have a direct impact on the type and amount of life insurance you need. The term “family” has a much different meaning today than it had for previous generations. More >>

Taxes on Life Insurance: Here’s When Proceeds are Taxable

1 Jul

Life insurance: It isn’t a fun topic to think about, but it’s an important investment that can protect and financially take care of your loved ones after you pass. The magic of life insurance — whether it’s a term or whole life policy — is that most of the time, proceeds for beneficiaries aren’t taxable. But there are certain situations where payouts will end up getting split between individuals and Uncle Sam. More >>

6 Reasons Americans Don’t Have Life Insurance, and Why They’re All Bogus

24 Jun

Without life insurance, your loved ones might be left in the lurch financially if you were to pass away unexpectedly. But despite the importance of having life insurance, many Americans go without it, and for reasons that really read more like excuses. Here are the top reasons Americans don’t have life insurance. More >>

Best Ways to Manage Life Insurance Proceeds After a Spouse Dies

10 Jun

I handled all the household finances and bills throughout my 32-year-marriage to my husband, Dale. But when he suddenly died of a massive heart attack at 57 last year, I was so traumatized by the loss, I couldn’t think clearly about managing his life insurance proceeds. In an instant, I had more cash rolling in from it than either of our incomes had ever produced. More >>