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What is the Medical Information Bureau?

September 26, 2017

medical information bureau

The Medical Information Bureau (MIB) provides a collection of private medical and non-medical (hazardous avocations, hobbies, and driving violations) data. The primary purpose of the MIB is to furnish the exchange of underwriting information between its member companies. Member companies are compelled to report a coded summary of conditions and conclusions which may be important […]

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Business Continuation using the Buy-Sell Agreement

July 29, 2017

buy-sell agreement

Any closely held small business, like a real estate brokerage, small law firm, or other small service business, whether recently created or well established, should have a specified business continuation strategy to financially accommodate the chance of a proprietor or partner dying, entering retirement, or becoming disabled. The Buy-Sell Agreement will expressly determine how the […]

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The Pros and Cons of Using Life Insurance as an Investment

March 24, 2017

life insurance as an investment

When we consider using life insurance as an investment, there are as many people in favor of it as there are opposed. Certainly, financial gurus like Dave Ramsey and Suze Orman are against life insurance for any reason other than a death benefit, but remember, while speaking out against most life insurance products, they are […]

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Death and Taxes … and Life Insurance

March 17, 2017

life insurance and taxes

Life insurance provides your family and loved ones with a vital financial safety net in the event of your death. But with a variety of life insurance policy options available, many people wonder exactly how to handle their policies when it comes to filing taxes. The good news is that in most cases, you do […]

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7 Everyday Items That Cost More Than Term Life Insurance

December 16, 2016

purchase life insurance

In the hectic hustle and bustle of day to day life, we sometimes don’t have time to sit down and really consider whether we are spending our money in the wisest possible ways. Of course, we worry about the immediate necessities like food, clothing, and housing, but many people forget to think about those unforeseen […]

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