One of the most common life insurance questions I get is how much life insurance do I need? Below, I walk you through 6 simple steps to determine the right amount of life insurance for your situation. Here’s the basic formula then I walk through it in more detail below along with an example. ADD: […]
6 Key Features of Supplemental Group Term Life Insurance
If your employer provides you with some basic group term life insurance, there’s a good chance you will have the option to buy additional group term life insurance. This option is called supplemental group term life insurance but it might also be called voluntary group term life insurance. Let’s look at 6 key features that […]
Find Your Group Term Life Insurance Age Reduction Schedule
The life insurance age reduction schedule is a group term life insurance provision. It reduces the face amount of your group life insurance when you reach certain ages like 65 or 70. It’s not unusual for an employee to first learn about this reduction at the age it first reduces. Details about how most age […]
Life Insurance Riders: 13 (Often Forgotten) Policy Power-Ups
Life insurance riders are the unsung heroes of a life insurance policy. Riders add extra features to your policy that supercharge your life insurance. Unfortunately, these riders are often forgotten about as soon as the policy is delivered and thrown into a drawer. Today, I’m going to give you the complete lowdown on 13 different […]
Why It’s Not Always Easy to Buy Life Insurance on Your Own
Many employer groups tell me that if their employees want permanent life insurance they can just go buy it on their own. The problem is that many employees can’t qualify for life insurance because of their medical history or for other reasons (like being a pilot or a race car driver for example). In […]
How to Set Up Your Personal Life Insurance Program
As I am out talking with employees about their life insurance, I get asked a lot about what type of life insurance people should buy. Many people think that you should buy just one type of life insurance and ignore the rest. But I actually think there are four different types of life insurance you […]
6 Reasons Employees Enroll in Permanent Life Insurance
When I talk with decision makers in many employer groups, there’s often some discussion about whether or not employees have any interest in a permanent life insurance program. While it is true that not all employees are interested, there are many who are. Here are six reasons why employees want a permanent life insurance solution […]
The Complete Guide to Group Term Life Insurance
Group term life insurance is a life insurance contract that is purchased by a group. Most employees are covered under some form of group life insurance but many aren’t quite sure what they have or how it works. In this guide, I’ll walk through everything you need to know about group term life insurance. RESOURCE: […]
4 Types of Permanent Life Insurance
Permanent life insurance is life insurance that is designed to pay a death benefit when you die no matter how old you get. Some permanent life insurance is contractually guaranteed to last until you die while other permanent life insurance may or may not if you don’t manage it properly. Now that you know […]
11 Types of Term Life Insurance
What is Term Life Insurance? Term life insurance is an amount of life insurance that is good for a specific period of time – or “term”. If you die before the term expires, then the insurance company will pay your beneficiary when you die. If you die after your term life insurance expires, no death […]
