Life insurance pays a cash benefit to a beneficiary upon the death of someone. The human life value. What is the value of a human life? Of course, a human life has great value with regard to achievement, companionship, inspiration, and so on. There is also the financial value of a human life. To understand this concept, ask the question,… Read more →
Author: Carl Goodin
“What goes up must come down. Spinning wheel got to go round…”
Perhaps you recognize this opening line to a popular song from 1969. David Clayton-Thomas was probably not thinking about portfolio theory when he wrote that lyric, but it does apply. Inefficient diversification can result in unnecessary risk. To cite but one fairly recent example, many investors can confirm that what went up in the 1990s did, indeed, come down in the early… Read more →
About long term care insurance.
Long term care insurance pays a benefit when someone cannot physically take care of himself or herself. The benefit is used to pay for expenses related to home health care, skilled nursing care, intermediate care, or custodial care. Tax qualified long term care insurance policies must pay benefits based on the insured’s need for assistance with the two or more… Read more →
What kind of life insurance should I buy?
The short answer? Most people should buy 20-year or 30-year level premium term insurance. This type of insurance offers the lowest cost for most people during their working/providing years. Of course, there can be reasons why another type of life insurance would be more appropriate, but, for most people, most of the time this is what I recommend. The main… Read more →
Some of our clients have asked if we should invest in gold. (Posted August, 2013)
Don’t you wish you would have purchased gold early in 2009? Remember? The global credit crisis? The “world is going to hell in a handbasket” scenario? Many speculators rushed to buy gold, and the price shot up, and up some more. The airwaves were jammed with talking heads reporting record profits from investing in gold, and there were advertisements a… Read more →