Universal Life Insurance Scams and Complications

You don’t think about insurance until you need it. When you decide it’s time to protect loved ones you face another problem: what to choose from among the gluttony of options? So you get a call amidst your decision from someone hawking universal life insurance. Should you buy in? All prudent financial advisers unanimously say … Continue reading Universal Life Insurance Scams and Complications

Incentives and Profit for Insurance & Drug Companies

Pharmaceutical companies are routinely called out for supposedly holding on to suspected cures because there’s no money to be made. Sometimes drugs are available but because the condition is comparatively rare is costs thousands of dollars for one treatment you’ll need the rest of your life. How do they get away with it and why … Continue reading Incentives and Profit for Insurance & Drug Companies

Life Insurance – Your Personal Finances and Human Capital

A young married client had done some mental math and decided that the total of his life insurance premiums if he held the policy for the full term was a princely sum. He felt reluctant to part with that money and told me so. For the moment we can leave aside the truism that you … Continue reading Life Insurance – Your Personal Finances and Human Capital

Starting to Drive Less? Save on Insurance

As the price of gasoline tops four dollars a gallon in the US and 1.4 a liter in Canada, consumers who are driving less could save an average of 5 to 15 percent on their automobile insurance rates if they just phone their insurers. That’s according to the Consumer Federation of America (CFA), which says … Continue reading Starting to Drive Less? Save on Insurance

The Truth About Universal Life Insurance – Comparing Investments

**Read part one of the this crucial series on Universal Life insurance by visiting the universal life scams and complications page.** Important Questions to Ask About Universal Life ‘Insurance’ If you still INSIST on looking at UL here are crucial questions you must ask: I understand that there is flexible and accelerated funding but if … Continue reading The Truth About Universal Life Insurance – Comparing Investments

What is Universal Life Insurance?

Universal life insurance combines an investment component within a life insurance policy. They are often advertised as a tax shelter or as the best way to save on taxes. Policyholders are able to choose investments in the policy. Premiums are flexible within the minimums and maximums stated in the contract. The Income Tax Act mandates … Continue reading What is Universal Life Insurance?

Health Care Reform: The Latest Developments in American Health Care Reform

Both the House and the Senate have passed separate versions of the new health care reform bill; online insurance quotes will be more competitive now. The Senate’s version of the new health care reform bill passed with a strong 60/39 count. New initiatives for reforming the healthcare industry will soon affect the online insurance quotes … Continue reading Health Care Reform: The Latest Developments in American Health Care Reform

Mandatory Car Insurance so Adjust Your Premiums – Tips to Save

Insurance is one of the aspects of life that you hate to pay for and given the choice you wouldn’t bother. In fact, many Americans choose not to purchase any form of insurance when given a choice. Take for example healthcare, travel, life, and so on. Granted, most would purchase insurance in some cases (such … Continue reading Mandatory Car Insurance so Adjust Your Premiums – Tips to Save

Pros and Cons of Health Insurance Reforms

In recent months, the topic of health care reform has dominated the airwaves. There have been heated debates taking place on both sides of the issue. The arguments presented by each side can often be confusing. In order to better understand the various health insurance reform arguments, the following is a summary of the pros … Continue reading Pros and Cons of Health Insurance Reforms