Life Insurance

If I asked you right now how much life insurance you need, would you know the answer? A million dollars? Two million? Ten times your income? You've probably heard some of the common rules of thumb. Take your income and multiply it by 10. Make sure there's enough to pay off your mortgage. Those can be helpful starting points. But here's the problem: Your life isn't a rule of thumb. Two people can earn exactly the same salary and need completely different amounts of life insura

If you pull out a life insurance policy you have owned for 20 or 30 years, you may find yourself asking a simple question: Do I still need this? Maybe your children are now financially independent. Maybe the mortgage has been paid off. Perhaps your spouse has passed away, or the premiums no longer fit as comfortably into your budget as they once did. Many people assume they have only two choices: continue paying for the policy or cancel it. Depending on the policy and your ci

September is Life Insurance Awareness Month, making this a good time to ask an important question: When was the last time you reviewed your life insurance policy? Many people purchased life insurance 15, 20, or even 30 years ago. At the time, that policy probably had a very specific job. Maybe it was intended to replace your paycheck if something happened to you. Maybe it was there to protect the mortgage or make sure your young children were financially taken care of. But fa

Life insurance is one of those financial tools that many people hear about but don’t always fully understand. As a result, a lot of myths...

Life insurance is one of those financial topics that many people know is important but often put off dealing with. Between the jargon,...