Life Insurance Tag

3 Oct 2017

A discussion about deductibles

If you have any kind of insurance - and who doesn't - you have likely paid or at least, discussed a deductible with your insurance provider. The basics are pretty easy to understand: You, as the policyholder, agree to pay a certain amount or percentage toward the overall claim paid by your insurer. In the case of auto or home insurance, the amount of your deductible usually ranges from a few hundred to a few thousand dollars. But why do deductibles exist anyway? It's a matter of shared risk. The insurer pays the claim, and in turn, you are rewarded with a lower insurance premium. Generally, the higher the deductible, the lower your premium cost. While it may not seem like much,...
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21 Sep 2017

6 Questions asked and answered about life insurance

Life insurance. Yeah, your eyes glaze over and you start checking your Instagram just at the mention of it. But keep your attention here for just a few moments and I promise it won’t be painful. Life insurance is something that takes care of your loved ones, plain and simple. And that’s something we can all make a little time for, isn’t it? And actually, according to the 2016 Insurance Barometer Study by Life Happens and LIMRA, 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner died. And, the study also found that 40% of respondents had not bought life insurance or more of it because they were unsure of how much or what...
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9 Sep 2016

No one knows the future #FlashbackFriday

Life keeps us busy. With work, school, activities and errands, we often don’t take time to stop and plan for the future. Life insurance isn’t sexy, and no one likes to think about the worst, but it’s important to make sure your family is taken care of, in case you’re not around. Here are some things to consider regarding life insurance: Start with term. Term insurance is a great way to get started and the least expensive option. Term is for a specific period and will expire at the end of the term. You can use it to pay off a mortgage or helping with college needs for your children. They depend on you. If you have a spouse, partner or children or others...
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4 Sep 2012

September is Life Insurance Awareness Month

September is a busy time of year for everyone. The kids are back in school, the office gets back to normal following summer vacations, the lawn still beckons to be mowed, and the usual household chores and errands pile up. It’s also Life Insurance Awareness Month.

With our current economy, many families are just trying to make mortgage payments, cover household bills and get through the month. Life insurance may not be on the radar, but it should be. What if something happened and you leave your loved ones behind to pick up the pieces? Aside from the emotional strain, your family could be forced to struggle financially because of the loss of your income.

2 Jul 2012

Can You Insure Anything?

If you thought about what types of insurance you have, we could probably only think about the most common ones. We all think about health, life, homeowner’s, auto, motorcycles, collectibles and boat coverage.  Most of us don’t know it, but you can get insurance on just about anything for a premium.

Have you ever thought about celebrities?  They’re insuring body parts.  Yes, insurance companies offer policies that pay if something damages the appearance or functionality of a body part. I think we would all have to seriously ask if insuring a body part was worth it.   For most of us, the answer is undoubtedly no. But if you’re Peyton Manning, maybe he would think it was worth it to have an insurance policy on his right arm. Celebrities have also been known to insure their voices.  Wonder what the cost to insure would be?

18 Jul 2011

Are All Insurance Agents Created Equal?

Ten years ago, you didn’t expect to turn on the television and see insurance companies battling it out for commercial time in between your favorite shows. You also didn’t see them as some of the biggest sponsors of the sporting event of the year, the Super Bowl.

Times have changed though—and some of the big insurance companies out there are spending millions of dollars each year to tell you that you can save 15% in 15 minutes.

Their focus is price-driven and I understand why.  Customers want to save money.  You want to save money. I want to save money too. But I don’t agree with the fact that they simplify insurance as if it’s a commodity like gasoline.

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