InsuranceYak.comThe best ways to maximize your income is spend less of it, especially for a losing proposition like purchasing auto insurance. Why is this a losing proposition? Auto insurers have a goal to pay around 60 to 80 percent of all premium dollars received on claims. This is like investing $1 and getting an average […]
Life insurance should be a core element of almost every family’s financial plan; a large infusion of tax free cash just when your family needs it. Being a fan of life insurance and investing, I’m always skeptical of schemes that try to combine life insurance protection with savings, especially saving for retirement. Death and retirement […]
Top ten FAQ of All Time
Q: My insurance company wants to check my credit? What’s that got to do with insurance?
A: Apparently everything; Commercial policies have been credit checked for decades, Insurers started credit checking personal lines ( life, homeowners, car insurance) polices in the 1990s and have been doing it long […]
Q: What’s it like to work for <fill in the blanks>? Is their training good? Will I really make $100K in my first year selling insurance?
A: There are a number of insurance companies who are always hiring sales agents, “account managers” or (my favorite title) “manager trainees” : Combined, Farmers, Met Life, State Farm, Allstate, […]
Officials taking action
Originally published Dec. 1, 2007 - re-posted with corrections listed at the bottom of the post.
What is a STOLI (stranger-oriented life insurance) arrangement? It’s a life settlement where an investor, group of investor or even hedge fund offer to purchase a life insurance policy in order to collect the death benefit sometime in the future. The […]
Part three of a guest post by The Finance Buff.
First published Sep. 17, 2007
I ended my previous post on life insurance with the question “how much should you buy?” I will address it in this post.
First you have to figure out how much income you need to replace for your beneficiaries. You don’t have to replace 100% […]
Part two of a guest post by The Finance Buff.
First published Sep. 13, 2007
My last post about life insurance was on how to buy life insurance. This time I’m going to talk about what to buy.
1. Permanent vs. Term. The best approach on the permanent aka cash value vs. term discussion is tuning out. Just buy term. […]
The following posts are appearing courtesy of The Finance Buff . I read many finance blogs and TFB has written some good basic information on life insurance and how to go about purchasing it. Many people tend to over-complicate life insurance to the point that they don’t get any. These post will hopefully add some clarity […]
If you read question boards for insurance topics like Yahoo Answers one of the most common questions is “how do I get affordable health insurance?”. Since the average cost for family health insurance in now $1000/ month, basic coverage is out of the question for most working families. Into this void has stepped minor medical policies, scam […]
Homeowners insurance replacement cost discussion.
I was happy to read JBL of All Finance Matters announce his one millionth hit. While I was visiting All Finance Matters I decided to review some older insurance related articles he’s published. Being inside the insurance industry, I appreciate people from outside the industry sharing their opinions. Especially if they can articulate their […]
December 31, 2007 
