Insurance

After writing my post on life insurance needs when having a baby, a reader mentioned he was disappointed I didn’t mention Social Security survivor benefits. What’s funny is that I never think about Social Security when planning for my financial future. We all know Social Security is underfunded and the government will likely raise the minimum […]

I’m often asked why get life insurance if you’re financially independent. It’s a good question that merits a deep dive. I became financially independent in 2012 and have life insurance because I had children in 2017 and 2019. Many of you will face the same dilemma once your passive income can cover all your living

If you’re having a baby, your goal is to live as long as possible to help your child become a productive member of society. Therefore, life insurance is a must when having a baby! It’s rational to start eating healthier, exercising more, and building great wealth. But for some reason, we’re not a very healthy nation. Roughly 70%

Hurricanes and earthquakes are a stark reminder of the importance of getting natural disaster insurance. As a long time resident of San Francisco, I wonder if I should get natural disaster insurance for earthquakes every single year. San Francisco lies close to the San Andreas fault line. It could start shifting at any moment. The last big

Variable life insurance is a type of permanent life insurance with a varying cash value. The long-term savings, aka investment aspect, of variable life insurance provides a tax-free sum to beneficiaries. The amount of the policy’s total death benefit payout goes up or down depending on the performance of underlying securities held in the policy.

Have you ever received a selfless act of kindness? Perhaps the car ahead paid your bridge toll. Maybe a stranger helped pick up your groceries when the bag ripped open. Or perhaps you received a life insurance payout when a loved one passed away. I hate bad luck. And dying prematurely is the worst bad

Understanding what natural disaster insurance is and whether it’s worth it is important if you live in a high risk area. Let’s learn how floods, wildfires, hurricanes, and earthquakes are covered under an insurance policy for natural disasters. I’m a multiple property owner in San Francisco which is a high risk area for earthquakes. Over

Cash value life insurance is a type of permanent life insurance policy. Unlike term life, which only has a death benefit, a permanent life insurance policy has a death benefit and a cash value. Cash value life insurance is just another name for permanent life insurance or whole life insurance. The names are often used

Universal life insurance is a type of permanent life insurance policy. A permanent life insurance policy is a policy that lasts a policyholder’s entire life. There is a death benefit paid out to beneficiaries and a cash value that builds up over time. Universal Life insurance is one of the most popular types of permanent