Sometimes our understanding is “incomplete.” Over the years we have observed that most people operate under one or more misconceptions regarding certain financial matters. In an effort to clarify a few of those misconceptions we offer the following brief quiz. Four questions are presented. Please click the hyperlink to indicate your response and view additional information. Question #1. Do you… Read more →
Tag: Life Insurance
How much life insurance do I need?
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 →
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 →