Tag Archives: life insurance

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whole life insuranceAt sometime in your life, you're likely to need life insurance — or to at least consider it. For me, that revelation came after taking on some adult responsibilities: marriage, buying a condo with my wife, and our plan to have a child.

What I didn't want to enter into the equation, however, was a long presentation by an insurance salesman on a topic I didn't know much about: whole life insurance. But that's what I got, and it didn't end well.

Unfortunately, the wrong insurance salesman tried selling whole life insurance to us, and the ordeal was so confusing and full of insurance salesman cliches that it could have been cast for a short video on how not to sell insurance.

We were young and had enough income to buy a condo and consider adding to our family — which sounds like the best time to buy life insurance. If one of us died, having a child, mortgage and other expenses would be too much for the other to pay without insurance.

An insurance salesman knocks on the door...

I thought it was a pretty straightforward scenario, and one that could be solved relatively quickly with an insurance expert. I called an insurance agent, and we set up a time for him to come over and explain policies to my wife and I.

I didn't know then what I know now about life insurance — that a term policy was much better for our needs than whole life.

When the salesman arrived at our door, his first and only pitch was for whole life insurance. I don't remember all of the details, but the main thing that stands out is how he kept trying to show us how whole life insurance was an investment we should take advantage of. ...continue reading

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motherhoodThis guest post on motherhood is from Catherine Alford at Budget Blonde. After you read her post, head over to her website, where I'm guest posting today.

Having and raising children is expensive, and I should know because I got a two for one special with my adorable boy-girl twins. In fact, by some counts the cost of raising a child to adulthood can be around $245,000 not including college! That’s insane!

Even though I don’t feel that raising a child actually costs that much for most families, mine included, having children is still a big financial burden if you aren’t adequately prepared for motherhood.

Because I’m a planner by nature and like to have things as organized as possible before I make any big, life-altering decisions, I approached motherhood with that same attitude.

I asked everyone I knew how to get prepared financially for motherhood and now that I’ve been through it myself, here are my top 4 ways to do so: ...continue reading

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life insurance over age 60Can you still buy life insurance over age 60?

The answer is yes and you might be surprised at just how many people still need to have life insurance over age 60.

We’ll explain some of the main issues that might cause you some concern including changes to your health, underwriting guidelines for people older than 60 years of age, reasons you might need life insurance and what products are available.

Applicants Over 60 with Health Issues

The good news is that for many people, people looking for life insurance over age 60 in this day and age are a lot more health conscious than they used to be.

Additionally, rapid advances in medical technology and pharmacology have come a long way in the successful treatment of both disease and a multitude of health conditions.

free life insurance quotes

Simply put, life insurers have also begun to take notice because it’s not as hard to get approval for an affordable life insurance policy even if you have health issues.

The key point any insurer wants to know in respect to any health issues, and for any age, is whether the condition is under control. ...continue reading