A Practical Question

“I’m on a limited budget. Should I buy life insurance or disability insurance first?”

Lots of questions go before an answer can be given.

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Planes, Trains and Automobiles, with Life Insurance as My Ticket

Planes, Trains and Automobiles, with Life Insurance as My Ticket

Note: This is a special guest post from Laura Diss, 20, whose dad died of an aneurysm on Valentine’s Day 2005.

As it turns out, LIAM is more than just one of my favorite names, it’s the acronym for Life Insurance Awareness Month, something I’m lucky to take part in this year. With the sudden death of my father a little over a year ago, I realized just how important life insurance is, as I got first hand experience with it, or more specifically, a lack of it.

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Learning from Scott Hamilton’s Experience

If anyone understands the need for life insurance, it’s Olympic Gold Medalist Scott Hamilton. Scott’s rise to skating glory seemed anything but destined. When he was a young boy, Scott suffered from a mystery illness that stunted his growth. Doctors weren’t sure he’d survive, let alone become a world-class athlete. (more…)

First Things First

Eileen Alt Powell, in a very useful article, discusses the need to determine how much life insurance you need. She rightly says that rules of thumb like 5-10 times income etc. can be very misleading. Although she doesn't say this, I've always felt that rules of thumb are akin to the classic medical advice to "take two aspirin and call me in the morning." Maybe it's right for a headache, but wrong for a heart attack. (more…)

Tips For Scoring Well On Your Life Insurance Exam

Since it’s Life Insurance Awareness Month, there’s something all potential insureds should be aware of—even though life insurance companies love to sell life insurance, they don’t sell it to just anybody. You have to qualify. That usually means taking a medical exam, blood tests, urinalysis and EKG, plus supplying some financial information. Now, while the insurance company pays for the exam and testing, you will have a much better chance of doing well on the exam if you do the following: (more…)