Over the years, one of my favorite types of life insurance riders has been the children’s term rider. The children’s term rider is an often overlooked because a lot of agents haven’t sat down and figured out how to use it properly. In this article, I’m going to list my three reasons to add the […]
How to Reconcile an Employee Benefits List Bill
If you are new to doing payroll for an employer group that offers any voluntary benefits, you’ll soon discover that you’ll need to send in the premiums you’ve been collecting from the employee’s paychecks for those benefits. It’s a common practice for the insurance companies that offer these voluntary benefits to send a list bill […]
Should You Add the Accidental Death Benefit Rider?
One of the first life insurance claims I had, the lady died in an auto accident. She had the accidental death benefit rider on her policy which doubled the face amount of her life insurance. At the time I wrote her policy, I wasn’t big on adding accidental death benefit but she wanted to add […]
Two Types of Waiver of Premium Benefit Rider
The waiver of premium rider isn’t something I used to talk about very much. However, one day I got a phone call from a lady whose husband had a life insurance policy with me. She explained to me that her husband had been working on the roof of their house and fell. My first thought […]
How Do Life Insurance Loans Work?
If you ever wondered how do life insurance loans work, you aren’t alone. In fact, I got a call today from a policyholder who was thinking about borrowing some money from his policy. But, like a lot of people, he wasn’t sure how borrowing against his cash value worked and he had some questions. It […]
10 Steps to Organize Your Life Insurance Paperwork Completely
Over the years, I’ve talked with a lot of people about their life insurance. The one thing that stands out is that most people know they have some life insurance but don’t know much about it. In this article, I’m going to show you how to organize your life insurance paperwork so that you’ll know […]
How to Avoid the Underfunded Universal Life Insurance Trap
A while back, a family member of mine bought a life insurance policy they thought was going to last their whole life. They paid the premium the insurance company told them to pay when they got the policy. They never missed a premium. They paid on this policy for 10 years. However, when they reached […]
The Huge List of Life Insurance Mistakes (to Avoid)
I thought it would be a good idea to write up the list of common life insurance mistakes I see people make and how to avoid them. I’ve seen other “lists” of mistakes online but I’ve never thought that they were quite complete enough. While I was making this list, I decided to organize these […]
3 Nonforfeiture Options: Don’t Just Let Your Policy Lapse
A lot of people get into a situation where they can’t pay their life insurance premiums. Often, the solution is to ignore the premium notice. When you do that, your life insurance will lapse and it ends. After that, you won’t receive any more notices from the insurance company. Problem solved. Before you let that […]
5 Dividend Options for Whole Life Insurance
If you have a whole life policy with a mutual insurance company, you are in luck because those policies may pay dividends. That’s great news but what are you going to do with all that newfound cash? Well, the insurance company may give you up to five different dividend options to choose from. Below, I’ll […]
