Legacy, “a gift by will especially of money or other personal property” is the definition taken from Merriam-Webster’s online dictionary. Anything given to you by someone, who has marked you as beneficiary, after death. An article of clothing or a piece of jewelry. It could be a letter or land. However big or small, what…
Would you be affected if you or the primary wage earner in your family passed? One in three homes say that they would have immediate trouble paying living expenses1. September is Life Insurance Awareness month, meaning companies like Life Happens and LIMRA are working together to help educate the masses about the importance of life insurance.…
You’re just out of college, ready to start a family and you’re fairly healthy. You decided to purchase a 30-year term life insurance policy. By then, you’ll only be in your middle to late 50s. You’re still in the prime of your life. That term life insurance policy you bought and paid premiums on for…
It may seem like a long time, but in just a month it will be time again for the Open Enrollment Period for Health Care. On November 15th we have the opportunity to change or keep the coverage we’ve had for the last year. Now is the time to start thinking about whether or not…
“Mom, I got a call the other day from our insurance agent,” said my now 20-year old daughter. “She wanted to talk to me about life insurance, but I didn’t know what to tell her.” My bright young off-spring knows her father and I both carry life insurance policies and have paid premiums on…
Several years ago I worked with a business owner for whom I had great respect. One particular day I was in the office, she came in talking about estate planning and reported that she and her husband had finally decided to sit down together and plan for both their home and business in-case one or…
“I already have a term life insurance policy through work that will pay triple my salary if anything happens to me. I really don’t need anymore than that, right?” The simple answer is, you only need that term insurance policy if you don’t plan to outlive your employment. That policy only covers you for the…
“I’m not that far from retirement and I’ve still got some debt. I don’t have a lot of savings, but I have some. I don’t know if I have enough time left to save now.” It really is never too late to start saving. It just takes planning and the right savings options. Sure hindsight…
“Oh, but if we don’t talk about final expenses now, the kids could be strapped with bills later that will make their grief seem like a cake walk. We’d better talk about leaving something behind besides a mountain of debt.” The truth is many people are reluctant to talk about how much it will cost…
“I’m trying to decide whether to purchase Term Life or Whole Life and can’t make up my mind. What is the biggest difference?” The biggest difference is that a Whole Life policy actually earns you money over the life of the policy. Term Life won’t. When my parents had me and my siblings purchase Whole…