Being wealthy doesn't mean having all the money in the world, just not having to worry about it.

Indexed Universal Life

Question: Because I was the beneficiary of my husband’s life insurance policies, I find myself sitting on a bit of cash that I need to be prudent with. I am in my mid forties and work a part time job which means my annual income is negligible. My financial advisor is nudging me toward putting about Read more »

Lesson 25: How Much Life Insurance?

Once you’ve decided to obtain term life-insurance coverage to protect those dependent on you, you need to determine the amount of coverage needed. There are plenty of calculators online, but my quick-and-dirty approach is as follows: Determine the expected annual spending of those you’ll be leaving behind. A detailed analysis would be nice, but you Read more »

Lesson 24 – Life Insurance

We’ll begin our disaster-of-the-week sessions with the most straightforward: life insurance. A few principles will guide us: The purpose of insurance is to protect against financial losses you cannot afford to suffer. Insurance policies generally make lousy investments. This is as it should be, since we want the insurer to be financially healthy and able Read more »