Posted May 21, 2009 - 21:44 by Nora Dunn
At some point in your parenting adventure, you may be introduced to the concept of getting life insurance for your children. There are a number of reasons why you might want to insure the life of your child, and about as many other reasons not to. Here is an analysis:
Posted April 7, 2009 - 22:19 by Nora Dunn
Buying Life Insurance seems to be one of those “I’ve finally grown up, I guess I need life insurance” sorts of decisions you make. It often comes into play when you buy a house, get married, or have children.
As it should.
But getting life insurance simply because you think you might need it, without really understanding how much to get or the options you have is a mistake – one that could cost you now in overbearing and unnecessary premiums, or one that will cost you (or your loved ones) later, when you realize that there wasn’t enough to cover your needs.
Here is a basic guide to get you started.
Posted March 26, 2009 - 16:41 by Nora Dunn
For many of us 30-somethings (and some of us both younger and older), our parents took out whole life insurance policies for us when we were kids. When we became income-earners and were deemed responsible enough, a ceremonious transfer of papers occurred, where we were told gravely that this policy is to be kept paid up, as it will be worth a lot of money. Sometime.
What is this insurance all about? Why will it be worth a lot of money? Should I just cancel it and take the cash? Or is there something else I don’t know?
If you have any of these questions, read on. You may discover that your whole life insurance policy is worth much more than you thought.
Posted February 8, 2008 - 18:13 by Nora Dunn
All too often, business owners will insure their property, assets, and loans. But they don't stop to consider what is most valuable in the business: people. Here are a few ways in which business owners can preserve the lives of their companies with Life Insurance.
Posted October 22, 2007 - 14:46 by Nora Dunn
So your credit card company just called offering you balance protection insurance against job loss, disability, life, or critical illness. The cost will be just pennies, calculated monthly based on your outstanding balance. Do you take it?
Posted September 17, 2007 - 19:44 by Nora Dunn
You (or somebody you know) can have your cake and eat it too utilizing the Insured Annuity concept. It's a way to provide a guaranteed tax-preferred lifetime income while guaranteeing all your capital too. Too good to be true? Read on....
Posted August 21, 2007 - 17:47 by Julie Rains
What is better: buying life insurance at a low price that lasts for a certain term (typically, the income-generating part of the insured’s life) or purchasing a whole life policy for a substantially greater amount that lasts forever (from now until the insured dies or cashes in the policy)? I'll give you some ideas on how to sort out what's best, which you may not hear from your insurance agent.
Posted July 13, 2007 - 10:47 by Julie Rains
When my second child was born, I was approached by an insurance agent who thought that I should consider purchasing life insurance policies for my children. The case, as I recall from my then-still-foggy-from-baby-tending mind, was to have money available in case of the unthinkable; equally valuable, it was suggested, was a life insurance policy guaranteed for...for...well, life, if my child happened to have a chronic condition that would render him unable to obtain coverage later in life. The idea of obtaining life insurance coverage for my children seemed unnatural and creepy. But, was I being an irresponsible parent if I didn't buy a policy?Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.
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