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Completely, Totally Not Enough Life Insurance

Before I passed any judgment, I wanted to hear more about his rationale as to why he only had the $10,000. He said that he figured the $10,000 would be enough to bury him so that his kids wouldn’t have to worry about paying for a funeral.

That’s fair, but what about your house? What about your kids’ college? What about your wife trying to take care of raising your young kids? Don’t you think that losing your income would have an impact on her and how she would raise your children? I tried to press that a little bit, but not to the point of making him feel that he was stupid. Truth be told, I kind of thought he was, but I still like him.

5 Reasons to Keep Your Life Insurance as You Head Toward Retirement

As Baby Boomers continue to make their way towards retirement, many may feel they can do away with the added expense of life insurance. After all, in a large number of cases, the kids are grown and some of the larger expenses like college may be behind them.

But that doesn’t necessarily mean that you should get rid of your life insurance coverage quite so fast. In fact, in many ways, as people approach their golden years, they have even more reason to hang on to, or even add to, their life insurance protection. Here are 5 key reasons why:

What Is Your Human Life Value—and Why Does It Matter?

You wouldn’t think of insuring half of your car, home or other important personal property, would you? Yet when people are looking to purchase life insurance, a common perception is that only some modest multiple of your income in terms of coverage is actually “needed.” However, this often falls short of what your actual earning potential would be over your lifetime – your so-called “human life value.”

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