From the category archives:

Insurance Planning

We all get busy and let the “little things” slip through the crack sometimes. This, however, wasn’t a little thing.  In the hustle and bustle of the holidays, building a new home, a second child on the way (and now here) a “little” bill was overlooked and wasn’t paid.  This wasn’t my Direct TV bill or the electricity bill..  It was my annual premium for my 30 year term life insurance policy! (gasp).   A month had passed before I realized that my insurance policy had lapsed.  Frantically, I called the insurance company to find out what my options were.  In case you ever let your life insurance policy lapse, here’s what you need to know.

What happens when a term life insurance policy lapses

Life Insurance Reinstatement Form

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How To Get Health Insurance When You are Self Employed

February 25, 2010 Business Owner
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The jump from W-2 employee to self-employed is one that many don’t dare cross.  There are many risks and challenges as a business owner and at top of the list is having to provide your own health insurance coverage.  I was fortunate (somewhat) in that when I started my investment firm, my parent company LPL [...]

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Do You Need a Disability Income Insurance Policy?

February 8, 2010 Insurance Planning
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In my earlier working years, I wasn’t complete sold on disability income insurance.  I had good health insurance coverage, what I considered  a good portion of term life insurance coverage, and felt that I was pretty well set.  Luckily, my current firm, LPL Financial, had an awesome arrangement with a disability insurance company and I [...]

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There’s Room for Life Insurance in your Budget

February 2, 2010 Insurance Planning
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In these uncertain times, life insurance is probably not your top financial priority. However, no matter how tight your budget already is, life insurance is the one thing you can make affordable and should never cut out from your budget.

photo credit: alancleaver_2000

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Should You Buy Mortgage Protection or Term Life Insurance?

January 24, 2010 Insurance Planning
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Car insurance- check.   Health insurance-check. Life insurance-check. Mortgage protection life insurance–wait.. what?  With so many different types of insurance you can purchase nowadays, it’s very easy to get insurance poor.  Buying coverage on your home with mortgage life insurance teeters on the fence of being a bit too much.  Before I get ahead of myself, [...]

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Six Tips for Lowering Cost of Your Auto Insurance Premiums

January 13, 2010 Insurance Planning
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If you have not reviewed your auto insurance policy within the past two years, you may want to consider the following steps that could help you save money on your the cost of your auto insurance premiums. Although these tips are designed to be helpful, keep in mind that your driving record and the area [...]

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Life Insurance Reality Check – Do you have enough?

December 22, 2009 Insurance Planning
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Life insurance is an important component of your financial planning. If you have a young family, it could actually be the most important element of their security. A lot of people do not have affordable life insurance yet. Among those who already have life insurance, a vast majority does not have enough coverage. Could you [...]

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Why Term Life Insurance is the Smart Choice

December 10, 2009 Insurance Planning
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photo Why Term Life Insurance is the Best and Smartest Choice
This is a guest post from Charan Sing, CEO of Select Quote, the leading online source for term life insurance information.  I was excited to publish this article because I’m a big fan of term life insurance and consider the best choice for almost [...]

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What is the Average Cost for Long Term Care?

November 20, 2009 Insurance Planning
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How much does long term care insurance cost? The sad fact is that most people don’t know the answer to that question. But a solution is available. As baby boomers leave their careers behind, long term care insurance will become very important in their financial strategies. The reasons to get an Long Term Care policy [...]

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5 Things to Consider During Open Enrollment

November 15, 2009 Insurance Planning
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It’s open enrollment time for many employer-sponsored health insurance plans. While it might be tempting to just keep the same health plan you’ve had for years, now is a good time evaluate your health plan needs and make some adjustments. Here are 5 things to consider this year during open enrollment:
1. Coverage
Does your health coverage [...]

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Should You Buy Life Insurance at an Early Age?

November 4, 2009 Insurance Planning
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I‘m constantly amazed at the fact of how many young people I come across that don’t have any life insurance.  While they all have there different reasons, the most common reason I hear is that it’s too early to think about life insurance.  I couldn’t disagree more.
Most Important Question:
Are you supporting individuals whose livelihood depends [...]

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What is a Life Insurance Trust?

October 8, 2009 Insurance Planning
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You may think of life insurance in very simple terms: you buy a policy so that your loved ones will have some financial assistance when you die. But if you have assets of $1 million or more, you should view life insurance as a tool – kind of a Swiss army knife, in fact. Life [...]

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Should You Buy (ROP) Return on Premium Term Life Insurance?

October 7, 2009 Insurance Planning
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Recently, a younger business owner client of mine was inquiring about purchasing a term life insurance policy. Like me, he recently just had a child and was concerned about providing financial security to his family in the event of his unexpected passing.  A term life policy makes total sense for his situation, but what [...]

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