Insurance Tips

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Pick A Fight Or Solve Your Insurance Problem

Got an insurance problem? It's what I do...solve them. Among the things that I liked best about practicing law was solving insurance problems for consumers and small businesses. I figured out what was covered and what wasn’t. For the things that were covered, I helped clients navigate the maze of getting claims resolved. I also [...]

By | June 28th, 2017|Insurance Tips|0 Comments

What Is Disability Waiver of Premium?

Disability waiver of premium is language included in life insurance and disability insurance. We’ve talked in other articles about life insurance and disability insurance. They are both intended, in a broad sense, to replace income by paying money when a stated event happens to a person (not to property). The benefits are paid when the [...]

By | March 31st, 2017|Insurance Tips|0 Comments

Should I Buy Pet Insurance?

Murray Brown Pet insurance is near and dear to my heart. If you’ve read any of my articles, I hope that you’ve learned something about insurance. It’s a contract by which someone (or something), called the insured, is protected from a particular financial harm by transferring the risk of it to an insurance [...]

By | January 19th, 2017|Insurance Tips, Love Of Dogs|0 Comments

Selecting Life Insurance Beneficiaries

Life insurance statement A life insurance beneficiary is a person or entity named in a life insurance policy to get its proceeds. There can be more than one beneficiary designated. The “proceeds” of a life insurance policy is the amount due to the beneficiary(ies) when the insured dies. The amount depends on the [...]

By | January 12th, 2017|Insurance Tips|0 Comments

Insurance Deductibles And How They Work

Life insurance statement Deductibles, in the insurance sense, are an amount of money that you, the insured, pay before the insurance company is obliged to pay anything toward a covered loss. A “covered loss” is one that the insurance company promised to pay in the policy. Deductibles are found in many kinds of [...]

By | December 23rd, 2016|Insurance Tips|0 Comments

Life Insurance For Seniors

Senior Couple Sitting On Sofa Using Digital Tablet In several other articles, we talked about pros and cons of life insurance for kids. But there is another demographic that should be discussed. Those are the “Seniors”. We can use the arbitrary age of 65 and over to define that group. Insurance Generally Any [...]

By | March 18th, 2016|Insurance Tips|1 Comment

Quick Review Of Cyber Risk Protection

The Institute of Risk Management defines “cyber risk” as any risk of financial loss, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems. As the National Association of Insurance Commissioners has pointed out, problems have grown as individuals have become more reliant on electronic communications. [...]

By | March 16th, 2016|Insurance Tips|0 Comments

Many Uses of Life Insurance

The main purpose of life insurance is to provide financial protection or economic security for the survivors of the individual insured by the life insurance policy. However, the need for that protection varies based upon circumstances. A simple example is that a single person with no dependents may think that life insurance is an unnecessary expense. That may be true at that point in life. But, when he or she becomes a parent, circumstances change so that life insurance becomes necessary. That’s because money is needed for child-rearing expenses, education, and other costs. Also, before the death of a parent, both the mother and the father may contribute to household expenses. After death, only one parent is remaining, so additional funds may have to be found. Life insurance can be that source. […]

By | March 8th, 2016|Insurance Tips|0 Comments

Overview of Life Insurance

In previous articles, I wrote about life insurance for children. In planning those articles, I assumed that everybody knew what life insurance was, what life insurance was for, what kinds of life insurance existed, who needs life insurance and when, how it was priced, how to buy it, and related issues. Boy, was I wrong. Judging from the number of people who contacted me with questions, I guess the articles about life insurance for kids were interesting (or poorly written). But the questions asked were more basic than just about life insurance for children, so we need to circle back to some real fundamentals. We’ll do that in a series of life insurance articles; there is just too much ground to cover to do it in one or a couple. […]

By | March 3rd, 2016|Insurance Tips|0 Comments

6 Good Reasons To Buy Life Insurance

I might be biased, but I really think everybody needs life insurance at some point in life. But I also try to be realistic and recognize that not everyone shares my bias, at least to the same degree. There may also be real or perceived financial constraints preventing the buying life insurance; however, ultimately, the [...]

By | March 1st, 2016|Insurance Tips|0 Comments