My Investopedia Posts

What’s the best thing to do with excess wealth at age 30?

Here’s an idea for you: use a First World problem to solve a Third World problem.  Talk to a good estate planning attorney and set up a charitable giving program… Read More

 

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Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Using Life Insurance to Help Cover Your Business

Here are the answers to some questions commonly asked when using life insurance to cover the costs of your business when you pass away. Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What can I do with life insurance benefits left to a minor child?

That’s a tough situation. I appreciate your desire to give your mother a proper burial, and the hardship of not having the money to pay for it. I don’t think… Read More


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Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How do I obtain my late grandmother’s life insurance policy?

I see no reason to assume the insurance company is trying to get away with something. Some policies are designed with a level death benefit. For example, if it is… Read More


Compare your free life insurance quotes from top-rated companies online now!

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What is some advice you would give to those considering entering the Financial Advisory business?

I have been selling life insurance for over 26 years, and grew up in my father’s general agency. If you choose to enter the financial services industry in a sales… Read More


Compare your free life insurance quotes from top-rated companies online now!

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Is purchasing whole life insurance a good investment for me?

Here is how I look at your situation: You’re young, and I assume relatively healthy. Life insurance will never be cheaper. When you take on the responsibilities of marriage, family,… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Your High-Risk Life Insurance Questions Answered

Here are some answers to questions about obtaining life insurance if you are considered high risk. Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How should an 18 year old get started on their financial future?

You’re looking towards the future, goal-oriented, committed, sensible, disciplined, and smart enough to ask for advice from professionals. That is a good combination of qualities for entrepreneurship. Think about putting… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How old should you be to get life insurance?

Here’s an answer that will surprise you, but which is nonetheless true: you should be an infant when you get life insurance (obviously, your parents will pay for it :)… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How should I invest my late husbands life insurance policy?

Obviously, you have to sit down with a planner and plot out your needs and resources. Then you’ll know where you stand, and if you really have anything to worry… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What character traits should I strengthen to become a successful financial advisor?

I have been working since I was age 15 –  some 45 years ago – and have been self-employed for the vast majority of that time. Perseverance is the name… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Answers to High-Risk Life Insurance Questions

Do you have questions about obtaining life insurance if you are considered higher risk? Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

If I receive a life insurance payment and then I give some of that money to other relatives, will they be taxed on it?

This is an easy question for your accountant. Run it past them and confirm the answer is no. They’re doing your taxes any way, and this should be a topic… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What type of life insurance policy should I buy?

Here are the five factors that you need to know when making a decision to buy life insurance. If you follow them all, you can be sure to make a… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Can I change my term life insurance into a whole life insurance policy?

If I recall correctly, a generation ago there was such a thing as participating term insurance. Dividends were paid into the policy, and could be borrowed against. So, if you… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How does borrowing against a persons life insurance policy work if you are the beneficiary?

Only the owner has the rights to the cash in the policy. If you are not the owner of her policy, then you will have no access. I am sure… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How do you claim an insurance policy if both beneficiaries are deceased?

It’s a good question. I think the insurance company is going to want to pay the money to her estate. This means that they will wait to hear from the… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How do I go about locating a lost life insurance policy?

The national Association of Insurance Commissioners provides a service to help people who think they are beneficiaries of an insurance policy locate the carrier. They ask that you follow the… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How do you add funds to your life insurance policy?

It is possible to add funds to a life insurance policy. The following factors have to be in place: It must be permanent insurance. Term insurance doesn’t accept cash deposits…. Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How should we list beneficiaries for IRA and life insurance given 4 people listed in our trust?

The key question for me regarding your life insurance is this: what is the amount of the death benefit? Is it merely $20,000 or so – the amount you would… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.