There are a couple of schools of thought as to how much you need. One is based on income replacement. Are you naming a beneficiary to provide them income in the event of your demise? Do they depend on your current income for their survival? If they need monthly income that would cease if you died, then you need to determine how much life insurance would be necessary to provide that income over the number of years the beneficiary will need it. Here's an example. Suppose you have a family with a spouse and three children. The family depends on your income for all their needs. You make $100,000 per year and the family has virtually no savings and a large mortgage on the house. Just how much coverage would you need to protect your family? This is not a guessing game. When you insured the house, you didn't guess on the value. You based the amount of insurance for the house based on the cost to replace. The same logic goes with this case for life insurance. How much life insurance would be necessary to replace what will be lost if you died. I can help you evaluate that need and make a sound decision.
And did you know that you can usually add another layer of life insurance protection as a rider on your health insurance?
Wednesday, March 31, 2010
Tuesday, March 30, 2010
Monday, March 29, 2010
Friday, March 26, 2010
Thursday, March 25, 2010
ObamaCare's Effects Are Already Showing - WSJ.com
"Expect changes for the worse to your health benefits as the direct result of this bill, and maybe as soon as this year."
ObamaCare's Effects Are Already Showing - WSJ.com
ObamaCare's Effects Are Already Showing - WSJ.com
Wednesday, March 24, 2010
Health Care Bill's New Winners and Losers at SmartMoney.com
Health Care Bill's New Winners and Losers at SmartMoney.com
There shouldn't be any losers if it were structured correctly. Unfortunately the bill doesn't address the skyrocketing cost of health-care. I think we'll be revisiting this problem in a few years when people cannot afford the coverage.
There shouldn't be any losers if it were structured correctly. Unfortunately the bill doesn't address the skyrocketing cost of health-care. I think we'll be revisiting this problem in a few years when people cannot afford the coverage.
Tuesday, March 23, 2010
Monday, March 22, 2010
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