Many families are struggling just to pay their bills today as inflation remains high and interest rates climb. When forced to choose between paying for groceries or rent and something larger like life insurance, it’s no wonder they might have missed a payment or let their policies lapse. But buying a life insurance policy is...
Life insurance is a tricky process when you’re doing it on your own or working with an agent who has little experience. Arming yourself with information now can save you from making mistakes that may cost you in the future. We’ve reviewed many term life policies. Here are the top 3 mistakes you should avoid...
I was at an Estate Planning meeting recently. The room was filled with attorneys, CPAs, and investment advisors – it was a great cross-section of the various professions who serve as advisors and provide guidance and advice to their clients. The program was a case study. We were asked to discuss the issues that concerned...
Over the years, we have seen and collected too many examples of the damage “conditional” insurance policy guarantees can create. The following is a real life example that happened to one of our clients. Every January for the last 27 years, Fred has paid the $1,500 annual premium on his life insurance policy. Last September...
Before he became a famous television star, Fred Flintstone had a career hunting saber-tooth Tigers. It was very risky. The worker’s comp was so expensive he couldn’t turn a profit. Frustrated, he decided he wanted to go into a career that eliminated risk, so he went into the life insurance business. Life insurance policies had...
If we’ve ever been fortunate enough to enjoy a conversation, hopefully, I’ve learned something special about you, and you probably know I love classic cars! Life is just more fun when there’s an interesting car needing to be driven somewhere. Take for example the 1958 Chevy Corvette C1. Just because I don’t fit in it...
How has COVID-19 affected the insurance industry in any way? It’s a common question that a lot of folks might ask. After all, the pandemic has turned the way we look at public health on its head. Here are Frank’s thoughts on the issue: Not as Great as You Would Expect While COVID-19 has made...
Did you know that if a policy is issued at a preferred rating and your health deteriorates the company is not going to increase the cost? However, if the policy was issued at a higher rating, underwriting guidelines have evolved. Some medical conditions are now viewed more favorably than before. Reconsideration to a more favorable...
I was recently a webinar guest of attorney Dennis Sandoval of Sandoval Legacy Group. Early into the program, he asked this question about a policy review. Here, in a 90 second clip, is the answer so anyone who wants to can be confident about their life insurance plan. Held to a Higher Standard Here at...
As National Life Insurance Awareness Month comes to an end, we’ve seen an upsurge of articles relating to what life insurance is, why you should have it, and what type of policy is best. One common theme, however, is that all this content is centered around the acquisition of a new policy. Now, getting a...