7 Reasons to Buy Life Insurance (Besides Replacing Income)

One of the most common reasons to buy life insurance is to replace income if a spouse dies. … That’s a great reason and one that makes a lot of sense if your family depends on your income. But there are other times when life insurance can be a smart thing to have. For business…

→ Read More

Largest Life Insurance Policies Ever Sold

In my previous post, I outlined 3 instances when paying $100,000 or more for life insurance is a no brainer. … but the examples I used in that post were “sample cases”. After sharing the post, many of my friends and family asked if people actually spend that sort of money on life insurance. I can…

→ Read More

Life Insurance Weight Charts: Lose Weight & Save on Premiums

Did you know your carrier has a life insurance weight chart? Yep and they’re not all the same. Each life insurance company has its own “build” chart that provides critical information about the maximum height and weight combinations required to qualify for specific rating classes. Now if you’re aiming to get the best possible premiums, your height…

→ Read More

Is Life Insurance Taxable?

One of the top 10 questions that clients come to me with is: “Is life insurance taxable?” So I decided to answer that question and provide a guide to life insurance gifting to give you some tools to use in case you step over the state and federal estate tax threshold. Your taxes absolutely can be…

→ Read More

Drug Use and Life Insurance

When a famous actress like Brittany Murphy dies at a young age, Google gets inundated with questions about whether or not the star took drugs, if they owned life insurance and how much.  The drug searches seem logical. It’s less commonly known, however, why another popular search is for details about the deceased actor’s life…

→ Read More

Best Life Insurance for 50 to 59 Years Old | Tips & Sample Quotes

If you’re between the ages of 50 to 59 years old, choosing the right life insurance is essential. This may be the last policy you ever buy. Here are some of the most common concerns individuals over 50 typically have: What type of life insurance you actually need? Health concerns / approval Your AGE –…

→ Read More

What Are the Benefits of Donating Your Life Insurance Policy to Charity?

How can a charity turn penny donations into dollars? Life insurance. Let’s talk about how this works and why every charity should be looking for gifts of life insurance. Tap Into the Ocean of Charitable Bequests In a recent report, CharityNavigator.org stated that during 2001 in the U.S.: $24.4 billion dollars were donated to charities…

→ Read More

5 Reasons Dave Rasmsey and Suze Orman Are Right – Term is Best!

Financial gurus Dave Ramsey and Suze Orman say you should only buy guaranteed level term insurance. They say that permanent insurance policies like whole life insurance are a bad investment. And why do they care about insurance? Because the money you don’t spend on the wrong insurance policy is money you can save and use elsewhere! If…

→ Read More

5 Critical Tips Before You Buy Life Insurance

Look: Buying life insurance isn’t like buying a shirt or a computer. You’ll likely own your policy and be paying on it for 1o to 30 years (or more), so don’t rush in without reading these critical tips. I’ve been an agent for a long time.  These are the tips I’d give my own mother….

→ Read More