Insights

explain life insurance

Using Analogies to Explain Life Insurance Options

Do you have trouble understanding life insurance? You’re not alone. Multiple research studies have found that today’s complex insurance plans, with intricate cost calculations and complicated legal language, cause problems for policyholders who want to understand and have more control over their policies. One way to understand difficult life insurance concepts is by comparing them...

Avoid Financial Surprises

Stratus Case Study: Avoiding Financial Surprises

Background: A recent UBS study found that 56% of widows experience a financial surprise at the death of their spouse. Additionally, a widow can expect an average 37% decline in income – money that won’t be there to maintain their standard of living. Many times, those bad outcomes result from the absence of a good...

Stratus Case Study: Anticipating Pitfalls

Background: I recently attended an Estate Planning Council meeting. The program was based around case studies. They throw out a scenario; and have an interdisciplinary discussion about how to deal with all the ensuing pitfalls. The Problem: Upon reflection, it occurred to me that a majority of the people in the room make a living...