Recently I saw a commercial on TV about life insurance. They used a handsome TV personality to tell me that I was eligible for insurance, no matter what my medical condition was. That sounded too good to be true since I have applied for life insurance before and had to take medical exams. The guy delivering the message appeared trustworthy. I had seen him on television shows and he always seemed like a good guy. The advertisement said eligible ages were from 50 to 85 so I logged on to the website. I keyed in a minimal amount of information and immediately got a quote back. At age 55, I could buy $25,000 worth of life insurance for only $85 a month. Guaranteed. Continue Reading…
Life Insurance: Your Land-Based Parachute
They say life insurance is similar to a parachute: if it’s not properly in place the first time you won’t need it the second time. I seem to be going to more and more funerals lately. It’s not always the people you expect, age wise at least. Sometimes it’s younger folks, often leaving behind families that aren’t completely raised yet. A parent’s death when kids are still young brings a host of issues, including financial. If you are looking for places to cut your budget in today’s tight economy, you might be thinking about cutting back on life insurance. My suggestion is to just make sure you’re getting the most bang for your buck on what you’re buying. Continue Reading…