Life Insurance

How Astronauts Signed for Life Insurance

In May 1961, President Kennedy announced an initiative to safely land an American on the moon before the end of the decade, and before the Russians. The National Aeronautics and Space Administration’s Apollo space flights were scheduled to meet that …
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Making Life Insurance “Occam Simple”

Our digitally-saturated culture does not tend toward simple explanations or applications. It’s just too easy to produce a 10-minute video and attach 50 photos, instead of distilling our message into a concise, well-ordered document. But there’s a point where minutely …
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Are You Ready for the Gig Economy?

There’s a burgeoning employment format that, depending on the configuration of your household finances, represents either opportunity or concern. How you see it can be quickly determined by your answer to this hypothetical job offer: Option 1: Earn an average …
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Designed for Blue Water

Blue water sailing refers to open-sea sailing, such as ocean crossings, where one is unable to put in at a sheltered harbor to avoid heavy weather. When storms bear down, a sailboat and its crew must be able to ride …
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Strategy: Pay Life Insurance Premiums with Portfolio Earnings

One of the psychological hurdles in deciding to include whole life insurance in your financial program is the requirement of regular premium payments, possibly for the rest of your life. (Which could be a long time.) It is possible to …
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Life Insurance is an Uncorrelated Asset Class (and why that’s a good thing)

There are words and phrases that we hear and read so often, we sometimes forget their original definitions. For the sake of clarity, here is a glossary of terms – with their appropriate definitions – relevant to this conversation. An …
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The Realistic Response to ‘Expert’ Optimists

Mark Twain said that an optimist is a day dreamer more elegantly spelled. If Twain were alive today, he might add that an optimist is a financial expert who can’t see trouble, even though it regularly shows up. Since 2000, …
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Average Annual Rate of Return: (If you’re going to use It, know what it is)

A common way to assess the performance of a financial product is to calculate its average annual rate of return. This calculation can be a valuable tool for consumers because it provides a consistent measurement of progress and may allow …
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Rejuvenating Neglected Life Insurance Policies

Life insurance programs are not immune to the challenges of life; unfortunate and unforeseen events can undermine the best-laid plans. What can consumers do if events have put this important financial protection at risk? With a term life insurance policy, …
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Avoiding the Goodman Triangle

For all the benefits that can be accomplished with life insurance, great ideas can be undone by sloppy execution. A recurring error is improper designation of the three parties of interest for every life insurance transaction. When these relationships are …
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