By Michael Kane | September 18, 2018
Myths and fairytales are all well and good when we’re kids, but there may be some myths about life insurance that are preventing you from taking full advantage of its many benefits.
People don’t fully understand all that life insurance can do for them while they are alive. As a result, they miss out on the numerous benefits that make up what many have discovered to be “The Miracle of Life Insurance.” Sure, life insurance is best known for its death benefit protection, but that is often where the conversation seems to end. It is now time for everyone to resume the conversation regarding life insurance.
In the decades since the idea of “buy term and invest the difference” first gained popularity, we’ve learned that this approach doesn’t work so well in real life. Here is the hard truth of buy term and invest the rest.
One big source of stress for many newlyweds is the household finances. After years of being single, getting married can make money matters suddenly seem more complicated. Here are four of the big financial issues that can pop up.
Those last few years, months, and weeks before retirement can be both exciting and terrifying. We call it “go time” when talking with our clients. Among other things, it’s time to make sure you have everything in place. Here are five steps you need to take before you retire.
Procrastination is the number one reason people aren’t getting ahead financially. To complicate this even further, it’s often the result of not finding the right adviser. Why is procrastination holding so many people back?
Service to others has been an important part of my life from my very youngest years, and none of the work was ever done with the intention to be recognized for it. Winning the Life of Significance Award was not something I anticipated. For me, the cross section of rugby and service is rooted in the value of respect.
If your household was a business, one sold on the stock exchange, would you invest in it? For most of us, the answer is probably no. We maybe spend every dollar we get — perhaps even a little bit more — so we’re not “profitable.” We’d be embarrassed to show people our balance sheets, cash flow, or profitability statements. We need to start running our household finances as if it were a business.
Having a child brings huge financial changes to your life. It’s not just suddenly spending a lot more disposable income on things like diapers, clothes, and baby monitors, but you may also find a change in perspective. It’s important to get your financial house in order to protect your growing family.
As a brand ambassador for Penn Mutual, the company has not only helped me pursue my passion for rugby but has given me support to help plan my financial future. This past year I had a chance to meet with Penn Mutual associates and learn more about life insurance. What I learned about the many different ways life insurance can help you and your family throughout your life was eye opening.