“There is no such thing as a bad insurance policy”

That's what I tell my clients when I tell them the difference between a term policy and a cash value policy, because they like the tax- free component, but I always tell them "there is no such thing as a bad insurance policy, each type has a different job". What do I mean by that?

“I’m diabetic”

I hear that a lot, thank God not me, but I run in to a lot of people with this health issue. They want to get a policy, protect their loved ones but then they say "I'm diabetic" and it seems like people think it's a automatic decline. But it's not! Don't kick yourself for

Decisions, decisions…

From the moment we wake up to the moment we go to sleep, we're deciding. We decide what to eat, we decide how to spend our time, we decide if we should sit and watch TV for hours or should we read a book. Should we have a hamburger and ice- cream or salad and

Save money tax- free with guarantees…

Is that possible? Yes it is. Most people think about retirement in the traditional way, get a job and open a 401K and hope it grows, not understanding the rules of how these work and the future taxes you'll have on them. Is there an alternative? One is a Roth IRA but you're limited on

Get insured!

I always am thankful that I learned about this business and that I became aware of life insurance, the costs and the different plans out there. With all these viruses going around today, why not get insured? I recently insured a man for $250,000, he decided on Friday to increase his coverage to $500,000. That

“My agent told me to buy term”

I read so many takes on twitter about money, about insurance agents "pushing the Index Universal Life policy", about "just buy term" or "I offer Whole Life over the IUL because it pays dividends". All of this comes from so- called financial advisors or people who say they have their best interest in the consumer,

“The IRS: Theirs”

A lot of financial advisors, which I am not, just mention about buying XYZ stock or "maximize a 401K" but there is never an explanation of what to expect regarding taxation on these accounts. With this article, I hope I can help you, the reader, understand what will happen in the future with your accounts.

A Roth IRA doesn’t solve everything

It's been a while since I last wrote an article. I have been on twitter more often just reading other people's opinions on finance. The more I read, the more I realize the lack of knowledge there is when it comes to life insurance. Unfortunately everybody pushes an agenda and will directly say that a

Be careful…

Be careful who you take advice from. There are a lot of experts on everything out there, so who should you listen to? The talking head on TV or radio? The agent who speaks negatively about a product because they can't offer it? I ran into two agents from another Broker Dealer who only sells

Term insurance? Permanent?

Most people, when looking for a life insurance policy, just think about "what's the cost?", which is a valid question. Most agents, just to get a sale and get a commission, just offer a term policy, vaguely explain the details and make it seem like "for a cup of coffee a day, you have protection

To disclose or not to disclose…

People don't like to pay for things. People don't like to spend on anything. People want life insurance to be cheap BUT... -They smoke: "don't say you smoke, it'll be more expensive!", but at the time of the claim, if the insurance company finds out you did smoke they can reduce or even deny the

Athletes and investing

We're in a different era now, with social media, internet and even TV has changed. And so have athletes. It's now less and less the case of the athlete who made millions and went broke because all the athletes talk to each other. One day I was reading I believe was an interview to Draymond

Why settle only for a Roth IRA?

I read a lot of specialists in finance who recommend either an IRA or a Roth IRA, but do you know the limits on Roth IRA's? And how do you know which funds to pick? Because when you open a Roth, you also have to pick the funds for the money to start working for

“I don’t know what my car insurance policy covers”

Do you know if you're properly insured if you get in to an accident? Did anybody ever explain what those numbers on your policy mean? Photo courtesy of https://www.thepointinsurance.com/products/auto-insurance The minimum coverage for California is $15,000 per person injured/ $30,000 for the entire accident and $5,000 in property damage. Have you ever looked at your

What happens if I get covid? And other thoughts…

It's the question most people have in general, but since here we cover aspects of life insurance, I just wanted to let you know that if you apply for a policy and you test positive for the virus, the insurance company will place your file on hold for 30 days. Once you are recovered, you