Insurance

Risk Management via Insurance – Disability Insurance

By FT / July 3, 2008 /

This is a guest post series by Brian Poncelet who is an independent certified financial planner (CFP) working in the financial services industry since 1994. Along with insurance, Brian Poncelet focuses on mortgage and retirement planning. The first post was about reducing risk with life insurance. From The Wealthy Barber: “Disability insurance is the most…

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Risk Management via Insurance – Life Insurance

By FT / June 26, 2008 /

This is a guest post series by Brian Poncelet who is an independent certified financial planner (CFP) working in the financial services industry since 1994. Along with insurance, Brian Poncelet focuses on mortgage and retirement planning. The justification for the purchase of insurance is endless but in general, insurance is typically purchased to alleviate the…

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Risk Management via Insurance – A Definitive Guide

By FT / June 26, 2008 /

This is a guest post series by Brian Poncelet who is an independent certified financial planner (CFP) working in the financial services industry since 1994. Along with insurance, Brian Poncelet focuses on mortgage and retirement planning. Everyone likes to talk about rates of return, but as my dad always said “your health is the most…

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Determining our Life Insurance Needs II – Scenario

By FT / March 3, 2008 /

Yesterday, I wrote about the criteria that needs to be considered when calculating life insurance needs.  Today, I'm going to calculate our personal requirement for life insurance in case the worst happens.  Note that the insurance requirements for each spouse would be different if one spouse made significantly more money than the other spouse.  However,…

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Determining our Life Insurance Needs I – Criteria

By FT / February 26, 2008 /

People generally don't like talking about death, especially planning for it.  I'm no exception, but with the new home and child coming, I'm looking into insurance more seriously.  Before, with both of us working and make comparable income, life insurance wasn't really a consideration because there weren't any financial dependents in the picture.  The only…

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How Much Term Life Insurance Do You Need?

By FT / August 20, 2007 /

You’re probably assuming that I know the answer to the post title, but unfortunately I don’t have an exact answer.  Like most personal finance issues, it really depends on your current situation. I believe that life insurance is a means of protection, not a means of making someone rich.  To clarify, term life (not universal…

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Universal Life Insurance – Part 2

By Ed Rempel / July 17, 2007 /

Continuing from yesterday's Universal Life Insurance article (Part 1), Ed Rempel now explains the various disadvantages of Universal Life Insurance. So, do we NEED universal life insurance? The main life insurance need most people have is income replacement. If you have anyone that is financially dependent on you (your family) and you want to know…

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