life insurance for diabetics
In Life Insurance
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Many diabetics fear that affordable life insurance is out of reach. But, there is Life insurance for diabetics and it is affordable. It simply takes an agent skilled in insuring people with preexisting conditions to get you the best policy at the best price.

It happens every day; a person walks into a doctor’s office expecting to need a new prescription to cure what ail them and instead hear a diagnosis that is life changing. It’s scary uncertain time and even if their illness is not immediately life threatening the full consequences of the diagnosis slowly come to light. Oddly enough, we get telephone calls almost every month from a person who just had such an experience and then asks; is their life insurance for diabetics?Read More →

Term Life Insurance vs. Cash Value
In Life Insurance
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Whole life insurance is a permanent insurance; which means it will continue to insure you for your life time as long as you pay the premium. The premium never increases and the benefit never decreases. Like all insurance policies, the best time to purchase whole life insurance is when you are young and healthy. Doing so will lock in a low insurance rate for your entire life. It will also allow the policy the time it needs to compound your cash value without taxation into a serious nest egg.Read More →

Term Insurance vs. Whole Life Insurance
In Life Insurance, Mortgage Protection Insurance
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Term insurance is a great tool to insure against the financial consequences of a premature death for a limited amount of time. Examples of needs that may be ideal for term insurance include a mortgage or other major loan payment and dependent children. Your financial obligation toward your children ends once they are out of college and live on their own. While the exact time period is different for every family, unless there is an underlying disability issue few people expect to be supporting their children well into adulthood. Similarly, mortgages and other major debts will typically have a finite period. Eventually the debt is paid off and the need to insure that expense against a premature death expires. Mortgage protection insurance can be either term or permanent depending on the consumer need and budget. Term insurance vs. cash value insurance should both be considered.Read More →

In Life Insurance, Mortgage Protection Insurance, Retirement Income
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Every life insurance we know of that also offers living benefits will have some conditions that require a loss of two or more activities of daily living to receive benefits for chronic illness. (There is no such requirment for critical illness) Every Long-term Care policy we know of includes these loss of activities of daily living as a condition for benefit. It is important that consumers understand the concept of activities of daily living so that they understand the benefits of long-term care insurance and long-term care riders within some life insurance policies.

Because of the advent of living benefit life insurance, consumers no longer need to purchase two separate policies to protect themselves and their families. In some cases, the long-term care benefits within a life insurance policy do not require a higher premium than the old life insurance, no other cases the premium is nominal.

This means that we can now own a life insurance policy that also acts as a long-term care policy without paying extra! This substantial cost savings means more families can protect themselves from life events that can destroy their next-egg and severely disrupt their quality of life.Read More →

Insurance for retirement income
In Life Insurance, Retirement Income
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While term (or temporary) life insurance offers insurance coverage with the lowest monthly outlay when we are young, permanent (or cash value) life insurance is usually the lowest cost over our lifetime. In addition, cash value life insurance can be an important part of your retirement plan as you can use that insurance for retirement income.

Cash value life insurance comes in several forms, but they all have common features; the insurance will not expire as long as you pay your premiums and they build up a cash value on a tax deferred basis that can be accessed during your life time. In fact, you can access that cash value tax free, for any reason, by “borrowing” the cash from your policy. In this case, you become the banker. You must charge yourself a reasonable interest for borrowing the funds. If you choose not to pay back the borrowed funds, then the amount borrowed plus the interest is deducted from your death benefit when you die. Either way, you can use the cash value in your insurance for retirement income.Read More →

how to shop for life insurance
In Life Insurance
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Why should we purchase life insurance for our young children? It seems inevitable that young families at some point in our consultation will ask if life insurance for children is a good idea. Some consider the question too macabre and distressing to think about. As a father I would agree that there is nothing more disturbing than the thought of outliving our children. It is a difficult subject to think or write about. Unfortunately, the possibility of premature death is the very subject that brought about the life insurance industry in the early 1700s, and leads us to the first reason that every parent should at least consider life insurance for children and for every member of their family.Read More →