Insurance- how to make it work for you

Insurance is  one of the few financial products that most people understand. Whether it’s car insurance, health insurance, or life insurance, the purpose is to protect against loss and transfer the risk (of financial loss) to a large company. Few know what “loss protection and risk transfer” means in real life terms. Ironically, many insurance sales agents do not understand what “loss protection and risk transfer” means, and the result is insurance “solutions” that are expensive and don’t solve a thing. When I started as a financial advisor, I learned what products paid the most commissions. Insurance was, and...

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How would your family know your wishes if you were no longer around?

The topic of this week’s blog post is not fun. But I can assure you that it’s even less fun dealing with the emotions of a major family crisis and then adding the stress of not knowing how to begin piecing a loved one’s life together in their absence. If you organize your financial information and provide instructions for loved ones now, it can save a lot of time, frustration, and money for them later.             “But of that day and hour knoweth no man…” Matthew 24:36 KJV.  Because of this, it is so important that in the case...

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