October 11, 2011

The Basics of Life Insurance Part II: Whole Life

Known by a few different names, and probably the most tweaked product in the industry, Whole Life (aka straight life in older circles) has a several centuries history of offering guaranteed death benefit for the entire lifetime of the insured.  In the world of guarantees, nothing beats it, and it has been an anchor for conservative savings plans for just about as long as it's been in existence.  It's also one of the most hotly debated products in the insurance industry as opinions run wild about its overall usefulness compared to other products that exist today.  Read More…

July 29, 2011

The Basics of Life Insurance Part I: Term Insurance

The simplest form of life insurance is called Term Insurance.  Term takes it's name from the notion that it is purchased simply for a term (period of time), after which is it no longer renewable.  Not that long ago the general rule was term products were renewable to age 75 and that was it.  More recently this has been reviewed and some companies are offering term products that can be renewed past this date.  This is also governed by state insurance law so you should check on this for your specific state.   Read More…

July 26, 2011

Hello World: This Blog and the United States Share a Birth Month

It started on a cold dark night…

Sort of, actually more late afternoon/early evening, but this post is going up as we drag into an unseasonably cold evening even for New England.  Everyone has to start some where and here we are… Read More…

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