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 →
Tag: Insurance
What life insurance company should I choose?
Yes, it matters. It does matter what company you choose. And what specific product. Life insurance policies are not “commodities.” There are significant differences among them. In my opinion, people need the services of a good life insurance agent/broker/producer. Errors in information, judgment, or communication can result in losses of hundreds of thousands, or millions of dollars. Why pay more?… Read more →
About insurance…
Insurance is about risk management. Insurance is a device to manage risk. So, what is risk? Risk is a condition in which there is a possibility of an adverse deviation from a desired outcome that is expected or hoped for.¹ For example, the desired outcome for most families would be that both parents remain healthy and able to provide for… Read more →