Nearly every life insurance blog I come across can’t avoid talking about the benefits of cash value when whole life is the subject of conversation. I’ve never heard an author discuss the dangers of cash value, which do exist. One reason for this lack of information is that so many authors give very basic, top-level … Continue reading “The Dangers of Life Insurance Cash Value”
I recently ran across a blog article from a certified financial planner. In the article he described a situation where a 28 year old man with $5,000 in credit card debt and no heirs was sold a $200,000 whole life policy. The financial planner mentions term life as the best solution in this situation. However, … Continue reading “Financial Planner Versus Life Insurance Agent”
As an insurance agent, I am interested in the way new risk factors affect my industry. I searched the internet for news stories of life insurance and Covid-19. One news story seemed to paint a dire picture for people trying to get term life insurance. I wrote an email to the author explaining that term … Continue reading “Life Insurance and Covid-19”
New Year’s resolutions are often short lived because they require continuous effort. That fitness goal might last for a couple months until some excuse is made for skipping an exercise. Then the floodgates of excuses opens up and the goal is shattered. Luckily for life insurance, no continuous effort is required. Many life insurance policies … Continue reading “Houston Life Insurance and Your New Year’s Resolution”
Life insurance ads often take a one-size-fits-all approach, emphasizing the use of one type of life insurance over any other. Since certain age groups typically only see ads for one type of life insurance, those products become more popular within their respective age groups. For instance, people under 50 will never see ads for whole … Continue reading “Is the Most Popular Life Insurance the Best Option?”
Congratulations if you bought Houston life insurance. However, your job isn’t done yet. There are important steps to take after a policy is purchased. The first step is putting your agent’s business card on the refrigerator so you always know where it is and it has no chance of getting lost. If you ever need … Continue reading “What to do after Buying Houston Life Insurance”
Any reputable agent selling whole life insurance will avoid modified plans unless there is no other option. Every client dreads the bad news that only modified whole life can be offered (agents don’t enjoy giving the bad news either). To soften the blow, I’ve constructed a list of medical conditions that typically trigger an offer … Continue reading “When to Expect Modified Whole Life”
When I talk about disbursement options, I am talking about the different ways life insurance companies can pay out your benefit payment(s). I will discuss the following disbursement methods: lump sum, payment for a guaranteed period, payments for life, payments of a specified amount, and interest only payments. There are minimum requirements for any option … Continue reading “Life Insurance Disbursement Options”
Perhaps the biggest reason people hesitate to buy life insurance is the fear of it being too expensive. It doesn’t help that most websites providing instant quotes default to $10,000 of coverage. How did $10,000 become the default amount to quote? That amount of money is excessive for the growing number of people choosing cremation … Continue reading “Life Insurance for Low Income Houstonians”
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