Modern medicine has made great strides in combatting illnesses. In the past, a diagnosis for a dread disease meant that you had just a few short years or months left to live. Today, that same diagnosis means something completely different. However, a long-term illness could prevent you from working regularly.

While life insurance does not cover long-term disability, a waiver of premium rider can help you keep your policy in force while income is much lower.


There are many different points when a third party may want an accounting of family assets. We live in a world of progressive taxation, where those who earn and save carry a heavier load. On the other hand, having extra assets comes in handy when applying for mortgages.

Cash value life insurance sometimes counts as an asset, and sometimes not. Even term life can count as an asset when the policyholder invokes the living benefit clause.


Insurable interest is an important industry term worth understanding if your children’s father provides support. Without insurable interest, this is nothing worth protecting.

You may rely on his support to provide food, clothing, shelter, and other necessities. Protecting the support is an important step. You can purchase life insurance on your children’s father prior to marriage, during marriage, and after a divorce, if there is an insurable interest.


You commonly see people asking which life insurance policy type is best. There is one single right answer. Each policy type has different features and benefits designed to address specific needs.

Understanding your family needs is the primary role of a well-trained agent. Then after understanding your needs, the agent can make specific recommendations that best match your needs. He can discuss the pros and cons of each policy type relative to needs.


This author has a twenty-year term life policy. It would take over 600 years of premium payments to fund the death benefit amount. There is no way he will live that long. The math seems very wrong.

How do life insurance companies make money when charging so little for such a big death benefit amount? You have to look at the odds of his passing away while the policy is in force.


Women pay more for health insurance. At least they did until the Affordable Care Act made it illegal for companies to charge more for population segments that utilized more healthcare services. Women use more healthcare services than men do.

Women live longer than men do, which is one reason why men pay more for life insurance. Their lack of cohesive voting is another.


Young families have the greatest level of financial need, and the busiest life-styles. The moment that first child arrives in your home; your life turns upside down. You have new responsibilities, without the luxury of extra time to address them.

Young families can make life insurance comparisons to quickly sort through the various options, and make an informed decision. Make educated decisions about the best way to protect your newest loved ones.


Open enrollment time rolls around again, and employees are faced with a barrage of confusing choices to make. One of the more important choices revolving around whether to purchase employer sponsored programs, or go out and buy a similar program directly as an individual.

Life insurance through your employer has unique advantages and disadvantages. Cost is the primary advantage. Portability could leave you without coverage if you leave your employer.


The last thing parents want to think about is the premature death of a child. Nothing is more devastating to parents. Most children will outlive their parents by twenty or thirty years, so why take steps to address the risks.

There are many more reasons to purchase life insurance for children than parents often realize. It may not be the right choice for every family, until it is too late.