A few years ago, I did a webinar where I explained some of the basics of whole life insurance. I also answered several questions and something that came up in the chat box was how someone had bought a life insurance policy and their premiums had increased over time. They said they owned a whole […]
How to become your own financial expert
Recently, a “financial expert” posted a question in a public online forum: ***** “Anyone here good at breaking down how to channel money an invest for quicker return…” ***** OK… ***** “I help families with long term planning an being set decent later down the road but haven’t figured out a way to get a […]
Why whole life vs term insurance is (mostly) a bogus debate
Here’s a question you’ve never seen or heard before: “Should you buy whole life insurance or buy term and invest the difference?” Wait. What’s that? You say you HAVE heard this question before? And you say you’re still not 100% sure about which is which and what you should do? I can relate. When I […]
The “hidden” cash value of term life insurance
Lest ye think I’m down on term life insurance, allow me to regale you with happy tale. Recently talked to a guy who dropped his term life policy after paying premiums for like 30 years. Lots of people have told me a similar story. They dropped their policy because… their insurance agent or financial planners […]
The only people who think whole life insurance is a good idea are the ones selling it
There is a common misconception among random financial bloggers, quite a large number of professionals, and most amateur investors (and people trying to scrape together enough savings for their future) that the only people recommending life insurance are the ones selling (and presumably making money from) it. There are a couple of issues with a […]