Do you need mortgage insurance?

It depends. As with all financial planning questions, no one answer fits every situation

Do you need mortgage insurance?“Did I need to take the insurance the bank sold me when I got my mortgage? Do I need mortgage insurance at all?” C.P. wrote and asked. I’m often asked this and the answer is usually the same: That depends. As with all financial planning questions, no one answer fits every situation. The simple answer in…

Choosing and maintaining the right life insurance plan

Examining the three types of permanent insurance: term to 100, whole life and universal life plans

Choosing and maintaining the right life insurance planThere are many types of insurance and many ways to look at how it fits into your financial plan. In my last column I wrote about term insurance being the “if you die prematurely” option. In this column, I'm going to do a basic review of permanent life insurance plans. There are three types of…

Life insurance is more affordable than you think

Term insurance allows the most amount of coverage with the least amount of cost for a select period of time

Life insurance is more affordable than you thinkFrom a pure income replacement point of view, perhaps basic term life insurance should be called death insurance. It isn't because people do not like to think of their own mortality. Like all insurance, you pay a monthly or annual premium for life insurance. In exchange, the insurance company pays you – or in the case…