Tag Archives: How much is life insurance
How often should life insurance reviews be done

Life insurance policy reviews: How often should they be done?

If you’re reading this and you haven’t had a life insurance review in the last 12 months, NOW is the time to have a life insurance review.  In fact they really should be called “Annual Life Insurance Reviews” so policy holders understand they should be completed every year. Did you know that an estimated 75% [...]

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how to minimize taxes due on estate transfer with life inusrance

Using Life Insurance for Estate Planning

How to Use Life Insurance for Estate Planning As Ben franklin said, “…in this world there is nothing certain but death and taxes.”  Life insurance can help you when both of those situations occur.  Obviously not the aspect of death, but it can definitely manage the tax aspect of his comment. As humans, one of [...]

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best life insurance worksheet

The Best Life Insurance Worksheet

The Best Life Insurance Worksheet So you’ve come to the realization that you need to buy life insurance.  You’ve read and educated yourself at www.lifeinsurancethinktank.com and have some basic ideas of what types to review with your Retirement Life Solutions Specialist.  Before you make that call, there is one more thing you might want to [...]

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should I buy whole life UL universale life UL or indexed universal IUL insurance

Whole life versus universal life insurance

Whole Life Insurance Whole life insurance (WL) is permanent insurance and covers you as long as you live.  You pay the same premium for a specific period (usually the rest of your life) to receive the death benefit.  This type of insurance provides life insurance coverage and a savings feature.   With whole life your [...]

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return of premium life insurance policy used in divorce why buy a return of premium life insurance policy

What is Return of Premium Term Life Insurance?

With a Return of Premium (ROP) Term Life insurance policy, the insurance company will pay your beneficiaries the death benefit should you die before the end of the term.  The benefit of this type of term policy is if you outlive the term of the policy, the insurance company will return to you 100% of [...]

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70% of Americans dont understand life insurance do you understand life insurance

LIMRA: Americans Have Rudimentary Knowledge about Life Insurance

LIMRA Researchers Test Americans’ Life Insurance IQ – 70 Percent Fail Recently, LIMRA (Life Insurance and Market Research Association) provided a life insurance IQ test to 4,000 Americans to gauge their knowledge and understanding of life insurance. Less than a third (1,200) passed the 10-question exam and the majority (55 percent) answered fewer than five [...]

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3 mistakes to avoid when buying life insurance

3 Common Mistakes to Avoid When Buying Life Insurance

1.       You Don’t Buy Enough Coverage When you bought your first policy, it was to cover a specific asset or need that was in existence at that time. However, most times people forget about that first policy and never have another insurance review.  That $100,000 policy isn’t going to cover the kid’s college, pay off [...]

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