Tag Archive
Understanding Life Insurance Modal Factors
If you look through a term life brochure, you’re likely to see the term modal factor. It’s one of those life insurance terms that is perplexing and sounds like it comes from a science fiction movie. It’s important to understand the term however since it can affect how much you pay for life insurance. Let’s [...]
Life Insurance For Pilots
So you fly a plane and you need life insurance. Your hobby or profession throws a little wrinkle in the decision for selecting term life but you don’t have to give it up. There are options depending on how often you fly and in what capacity. Let’s take a look at how being a [...]
BMI’s Impact on Qualifying For Term Life
It might be one of the most important numbers you have never heard of…the BMI or Body Mass Index. It’s the new fashioned term used to determine if someone is overweight. As you would expect, it has an impact on our ability to qualify for life insurance so it’s important to acquaint ourselves. Now, [...]
Replacing Income With Term Life Insurance
This may be intuitive to most people but it’s important to really break down life insurance to it’s core function which is to replace income. It’s important to get back to the basics and understand this key role if anything, to drive home the importance of why even consider life insurance to begin with. So [...]
Term Life Insurance as Asset
Most people don’t realize that life insurance is an asset. In fact, it’s the best kind of asset or more importantly, a true asset as opposed to say..your primary residence (with a mortgage attached). As with all assets, there are some important things you can do with it both before and after the benefit is [...]