Category Archives: insurance literacy

Ten Things That You Need To Know About Disability Insurance:

Did you know that . . . 3 in 10 workers entering the workforce today will become disabled for some period of time before they retire (Social Security Administration, Fact Sheet, January 31, 2007)? More than 90 percent of disabling … Continue reading

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When Insurable Interest Gets Out Of Hand – A Story You Couldn’t Make Up If You Tried

The concept of insurable interest is a core foundation of the life insurance industry.  When there isn’t insurable interest, then things can get out of hand as detailed in the following article from Chantal Marr at LSM Insurance: The Dumbest … Continue reading

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Why Too Much Jargon Can Cause Poor Insurance Decision Making

A major part of the financial literacy and insurance literacy issues stem from an excessive use of jargon.  This excessive use of jargon can lead to poor decision making just like not knowing the rules can make a game really … Continue reading

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Test How Much You Know About Life and Disability Insurance

When you hear the words insurance, what do you think of?  Do you scream like Woody Allen in High Anxiety or run like Bill Murray in Groundhog Day or do you just get a headache?   While insurance may be … Continue reading

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Are You Prepared In The Event of A Disability?

Disability Claims come from many sources – some expected and some unexpected. It’s important to be prepared for disability by having sufficient disability income insurance.  Disability income insurance coverage is a very important coverage.  It pays when you are disabled … Continue reading

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How You Can Avoid Being A Client Of The Next Bernie Madoff

Knowing your advisor is important.  Every day, you can find a story about some type of fraudulent financial scheme.  Knowing your advisor goes beyond just being referred, it means taking time to do your own independent research and avoiding being … Continue reading

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Will Low Interest Rates Impact Your Insurance?

Insurance is usually a long term term proposition.  The insurance policy you purchase today is one you may have for a very long time.  As part of that, it’s important to make sure that you have a solid insurance company, … Continue reading

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If the only tool your insurance agent has is a hammer, is your every insurance need a nail?

Underwriting of any insurance product will vary from company to company and by specific risk.  Sometimes, there is a master rule, while other times, companies will vary in the coverage that they will offer and at the pricing.  As an … Continue reading

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Will Your Group Long Term Disability Insurance Come Up Short?

Group Long Term Disability (LTD) is great coverage, however, as has been discussed in this blog quite often – there can be significant shortfalls with Group LTD coverage. Group LTD coverage can and should be supplemented with Individual Disability Income … Continue reading

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What Does The Future Hold for the Life Insurance Industry and Your Life Insurance?

The financial stability of the life insurance industry in the future may be drastically different in the future given a changing financial landscape, changing demographics and buying patterns. Basically, the life insurance industry needs to evolve the products it offers … Continue reading

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