In order to price a life insurance policy correctly, insurance companies of course have to weigh the odds that they will have to pay the death benefit as well as to determine when they have to pay it (payment now is much more costly than payment in ten-years’ time). Obviously it is extremely difficult to [...]

Universal Life Insurance Universal Life Insurance, also called Flexible Premium Adjustable Life Insurance, is a more flexible version of Whole Life Insurance.  Universal Life was introduced during the latter half of the twentieth century (the early 80’s) as a way to offer the protection of Term Life Insurance along with a savings element.  It provides [...]

Understanding Trusts Trusts are extremely useful tools for estate planning and asset management. They offer multiple benefits, from avoiding probate to continuing to control the use of your assets after your death. Conferring your life insurance policy to a trust is a very powerful way to ensure that your beneficiaries receive maximum value from the [...]

Whole-life insurance policies are complicated financial instruments. Consumers should develop a thorough understanding of a policy before purchasing it. There are a wide variety of policies and while the industry offers certain “standardized” policies, each insurance provider may offer terms that are unique. Additionally, policies can have significant tax implications that should be thoroughly understood [...]

We would like to point out that the following article discusses the concept of self-insuring. A self-insurance strategy should only be pursued by individuals with a robust understanding of financial instruments and concepts, and the risks associated with them. While a self-insurance strategy may be perfectly suitable for financially sophisticated individuals, most people who are [...]

Understanding Term Life Insurance Term insurance policies are the oldest form of insurance and are found across the spectrum of insurance contracts, from auto insurance policies to homeowner insurance policies. It is also the most common type of life insurance policy. Most people find that term life insurance meets their needs and it is the [...]

Most people don’t enjoy thinking about their own mortality and let’s face it that is exactly what you are doing when you are considering buying a life insurance policy. If you are here though, reading this article, doing the research, it is because you understand that this purchase is not about you or your feelings, [...]

The biggest choice a person will need to make in choosing the right life insurance policy will be to decide whether a term, whole, or other type of policy will best fit the individual needs of the person and their beneficiaries. There are many differences between the various types of policies and the right solution [...]