How life insurance can help secure a business loan

How life insurance can help secure a business loan

Obtaining business funding can be a little challenging, especially for a startup or young company. Lenders usually require some type of collateral from the business owner(s). Life insurance is often part of that requirement. It’s used to protect the lender in the event of the borrower’s death. In this article, I’ll discuss how life insurance…
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How to protect your business with life insurance

How to protect your business with life insurance

When most people think of life insurance they imagine someone who wants to provide for a loved one in the event of their death. At it’s most basic, life insurance is designed to pay out a death benefit to the insured person’s beneficiaries. That’s often a spouse, parent(s), children, a charity, or anyone the insured…
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Mortgage Protection with Term Life

Stop overpaying for mortgage protection insurance!

Despite what the name implies, mortgage protection insurance is almost never the best option for homeowners to protect their mortgage. It’s expensive, the death benefit decreases every year and it usually involves post-claim underwriting (which favors the insurance company). In this article, I will make my case for why I think should stop overpaying for…
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No medical exam

What is no medical exam life insurance?

Unlike traditional term, universal or whole life insurance, no medical exam life insurance does not require that you submit to blood & urine testing or a physical examination. You do have to answer health & lifestyle questions as part of the application process, however, so your overall risk level is still taken into consideration.  As…
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Heart monitor

How do I get life insurance with a heart condition?

Just because you have a heart condition doesn’t mean you won’t be able to get insurance.
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Tandem wingsuit jump...what could possibly go wrong?

Involved in extreme sports? Here’s something to consider

Base jumping. Heli-Skiing. If these words make your heart race, you’re not alone. The interest in extreme sports and extreme fitness events both nationally and internationally has skyrocketed in the past ten to fifteen years. Take for example Tough Mudder, the popular “warrior” style obstacle course. In 2010, the organization hosted just three events in…
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Life insurance for smokers

Life insurance for smokers

Life insurance for smokers will always be more expensive than for non-smokers. Depending on your age premiums will be anywhere from double to 4 times that of a non-smoker in the same risk class. That’s because insurance companies have plenty of evidence that smoking is bad for your health and can kill you in a…
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Life insurance when you're young

Life insurance while you’re young

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Top 10 Life Insurance Mistakes

Top 10 life insurance mistakes

Here are the top 10 life insurance mistakes I see people make, in no particular order. Shopping for life insurance can be a daunting process. Where do you start? Who do you trust? What’s the process? Where do you get the best coverage at the best rates? If you have asked yourself these and other…
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Buy Life Insurance over the phone or online

Can I buy life insurance online or over the phone?

It may come as a surprise,  but you can buy life insurance over the phone, and often at a better rate than you can get from a local broker. You can buy just about anything online these days, from clothes to groceries to a new car. Life insurance is no exception, sort of. Buying life…
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