Six Reasons For Key Person Life Insurance!
All the way from small partnerships to large corporations there is almost always one or two people that really drive the success of the company. Whether it is the CEO and the way they run the company, the head of sales without whom success as measured by sales wouldn’t exist, or the head of distribution ...read more
Another Chink In The Armor Of Life Settlements!
I’ve been very clear for a long time that I think life settlements are ethically wrong and, left unchecked, could cause irreparable damage to the tax advantages that life insurance now has. The question really revolves around the question of insurable interest, does the person or entity who owns the insurance policy truly have a ...read more
Why Mr Wilson Couldn’t Take Out Life Insurance On Dennis!
I watched Dennis the Menace the other night and early on in that film it was clear that Mr Wilson would have preferred to have $100,000 in his pocket and no Dennis as a neighbor. That’s probably a bit harsh, but the answer as to why he couldn’t have that is called insurable interest. Insurable ...read more
It’s OK To Be A Little Greedy Here!
I was talking with one of my clients during an annual review yesterday, someone I’ve been through a lot with. Our conversation eventually came around to the topic of how often times those for whom life insurance is being acquired to protect often don’t speak out about what really is enough. More importantly they often ...read more
Don’t Leave Women Out Of The Conversation!
There is a real tendency in the whole conversation about life insurance to leave women out of the conversation entirely or at best to make them an “add on” thought. The truth is that as almost all families either are or are becoming second income dependent, and more families are finding that the woman are ...read more
What Is Insurable Interest? Financial justification? Why Is It Important To You?
What if your neighbor, who doesn’t like you at all, could take out life insurance on you without your knowledge or consent? What if you are in your 70′s or 80′s and your child or caregiver could take out life insurance on you without you being a party to what was happening? What if you ...read more
