FINANCIaL
FIELd NOTES
Should You Keep Your Old Whole Life Policy?
Last week I wrote about the differences between term and whole life insurance. In general, I am an advocate for putting cheaper term policies in place and investing outside your insurance.
With that said, I talk to many individuals with whole life policies they put in place years ago. In some cases, their parents bought it for them and they still own it 60 years later!
The Math Behind Term vs. Whole Life Insurance
When deciding on life insurance, you have a lot of options to choose from. I am often asked about my opinion between whole life and term insurance. Whole-life policies are designed to last your whole life, while term insurance only lasts for a certain amount of time.
In general, I am an advocate for term insurance but there are some benefits to whole life…
Making Sense of Medicare, Part 2 – The Cost
Last week, in Part 1, I reviewed the 5 pieces to Medicare and the 2 main ways to get Medicare coverage.
This week, in Part 2, I will outline the cost for the 2 options.
Making Sense of Medicare, Part 1 – The 5 Pieces
Medicare is a confusing topic to navigate, in part because there are so many choices. In the first part of this series, I will discuss the various parts of Medicare. Next week I will discuss the cost of putting these pieces together.
There are 5 pieces to Medicare…
Reviewing Your Home, Auto, and Umbrella Insurance
Rounding out our conversation on insurance planning, we will discuss the insurance that just about everyone has – because in some cases its illegal not to! Your auto, home and umbrella policies should be evaluated yearly to ensure the coverage is both (1) sufficient and (2) cost effective.