Life And Health Choices

The only dumb question is the one you don't ask.  You've heard that before. Having taught at local universities for more than 20 years, I don't like that statement and it's not so. There are no dumb questions! Period! If you feel the need to ask a question, about anything, the answer is important to you. That's all that matters. You may have a reluctance to ask questions about life insurance coverage. You don't want to appear to be uninformed but having the answers, the right answers, makes you a smarter consumer and leads to a better choice about your coverage. Here are a few questions you might have: Don’t I have life insurance through my employer already? You may have. Check with the benefits administrator. Even if your company offers the best plan ever, you’ll lose it once you stop working there. You may have the option to continue the coverage on your dime but is it affordable? That doesn’t mean you should forego life insurance offered by your ...

Get Your Money Back If You Never Use it. Mike is a 35 year-old who just bought his second home. He's married, has a great wife and 3 children, ages 9 , 7, and 2. That new home is going to provide them much satisfaction and great memories in the future. Right now, Mike sees it as a 30-year, $300,000 responsibility he wants to protect as well as the wife and kids. The group insurance Mike has through his employer is not enough to cover his entire mortgage and he's looking for additional insurance on his own. He's heard about Return of Premium insurance and is considering this option. Mike is building his 401k at work and is following other retirement strategies. Does this Return of Premium work into his retirement picture? Insurance companies began offering return-of- premium   riders  on their term policies in the early 1990s as a solution to the "live-and-lose" dilemma presented by traditional term policies. As the name implies, this rider will allow a  p...