Category Archives: Insurance Tips

Term Life Insurance: Why Pay for Something You Hope to Never Use

Insurance carries with it an irony that all policy holders know well: we realize it’s essential and yet we hope to never have to use it. So why do we spend money each month on something we hope we’ll never need? Security. Life insurance differs in one area when compared to auto or home insurance. We know when we need and don’t need auto insurance, because we know when we … Read More

Posted in Advantages of Having Life Insurance, Insurance Tips, Life, Life Insurance | Tagged , , , , , , , , | Comments Off

Do You Have a Blind Spot in Your Estate Planning?

A recent study by ACE Private Risk Services found that poor documentation may impact families harshly when it comes to managing tangible assets. The study was conducted by examining the homes of three thousand high net worth families. What they found was that almost fifty percent of the homes evaluated where under-insured. Tangible assets refer to things like jewelry, antiques, fine art and other valuables. And while high net worth … Read More

Posted in Insurance Tips, News | Tagged , , , , , , , | Comments Off

New Year, New Needs: Annual Life Insurance Review Tips

There’s nothing quite like hitting an “adult milestone”, taking action and then checking it off your grown up to-do list. For many purchasing Life Insurance is one of those milestones. But once it’s done, many fall into the “set it and forget it” category.  While it’s great to have your policy in place, it’s important to review it regularly to make sure your coverage still matches you and your family’s … Read More

Posted in Advantages of Having Life Insurance, Insurance Tips, Life Insurance | Tagged , , , , , , | Comments Off

Your Child’s Failure to Launch Affects Your Term Life Insurance Coverage

Have you heard of the Failure to Launch phenomena (AKA the not so empty nest syndrome)? Presented as a lighthearted comedy in the movie Step Brothers, this issue is actually no joking matter. The long term repercussions of adult children living at home for both the parents and children have some very real consequences. For the sake of today’s article we’re going to focus on the affect your child’s delayed … Read More

Posted in Insurance Tips, Life Insurance, News | Tagged , , , , , , , , | Comments Off

The Sobering Reality of the Life Insurance Gap

A recent study has found that the gap in life insurance coverage vs. financial needs has worsened by 11% since 2008. The 2013 study was commissioned by New York Life and conducted by the Futures Company, an independent third party research company. They reported that while many Americans say they would want a life insurance policy that would ideally cover their household’s expenses for 14 years after the loss the family’s main income producer, they … Read More

Posted in Advantages of Having Life Insurance, Insurance Tips, Life Insurance, News | Tagged , , , , | Comments Off