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 ...

You can trust in what experts say about a subject - as long as you understand your own personal situation is unique and that no single solution fits all. Let's take the subject of having term life insurance . Financial experts such as: Dave Ramsey, Suze Orman, and Clark Howard have weighed in on the matter of having term life vs. whole life and other life insurance products. Consider the purchase of term life by asking these questions: - What are the main reasons to buy any insurance? - How much insurance should I buy? - When should I buy insurance? The answers can address more than one question. That's good! It makes things simpler. Give me a reason to buy term life. 1. You got married. You have had an addition to the family. You bought a new house with a mortgage attached. They are really all the same reason: you've had a "life event" and now your life has changed. You need to protect those changes. 2. Term Life is more affordable and eas...

Term Life Insurance including Living Benefits Ben and Barbara are a young couple, healthy and in their early thirties with two young children, ages 6 and 3. They both had jobs and between the two of them, they managed to provide a good home and a comfortable lifestyle for themselves and their kids. Like most families, they realized they needed a little more living space and a larger yard to enjoy. Ben and Barbara found that new home in a well established neighborhood which was close to everything. The lender offered them mortgage protection insurance which would pay the mortgage if something happened to either of them. It was pricey and didn't fit their budget. Besides, if they moved or paid off the mortgage, the coverage ended. Solicitations from agents hounded Ben and Barbara and the more they looked, the more confusing term life insurance became. They had many questions but they hated the pressure from salespeople. Then they found a website which allowed them to ...

A man goes to see a fortune teller. She begins with: "your name is Steve",  - "wrong". "Your favorite color is green",  - "wrong". "You have a dead uncle who passed away 2 years ago",  - "wrong". "Your wife's name is Carol", - "wrong". "You have 2 children named John and Christian", -  "wrong". Getting  flustered the fortune teller asks "What in hell do you do then?"  "I investigate fraud". It's no laughing matter that some people will try anything once and try it a second time if they can get by with the first time. Insurance companies have entire departments dedicated to finding fraudulent claims. Did you ever see "Double Indemnity"? Most people who try to run a scam on their insurance company get caught. After all, this is a multi-billion dollar industry whose entire business model depends on weeding out the truth from the lia...