Mike’s Life Insurance Advice

If you haven’t purchased any insurance before, now is the time to get a policy. However, if you already have life insurance you may want to compare the cost of your current policy to that of a replacement policy.

Hi Mike,
I was wondering if I really need to have insurance for my entire life. We have young kids now, but will I really need it when they’ve grown up and have families of their own?
Michelle R.

Hi Mike,
I’ve been reading that life insurance coverage should equal ten years of my income. Things are kind of tight financially right now and I don’t think I can afford to pay for that much insurance. What do you recommend?
Thanks.
Roger L.

If you miss a life insurance premium some life insurance companies allow you to reinstate your lapsed policy within a certain timeframe.

Hi Mike,
The company I work for is struggling and they’ve been laying people off.  I’m afraid I’m going to lose my job soon.  What will happen if I miss any life insurance premium payments?
Tony

Dear Mike,
I’ve found some really low priced insurance online and I’m wondering why it cost so little.  Can you tell me how to know if I’m getting a good deal?
Rachel

Hi Mike,
I’m about to retire.  The kids are out of the house and I’m thinking of cashing in my life insurance policy.  How can I get the most money for it?
Margie D.

Dear Mike,
Thanks for all the great advice.  The economy has been keeping me up at night.  So far I still have my job but I was wondering what I can do to protect my family if things get worse.
Bob P.

Hi Mike,
I’m just overwhelmed with all the life insurance choices that are available.  I’m leaning towards term insurance.  Do you think you can point out what I should look for in a term insurance policy?
Audrey L

Hi Mike,
I’m about to start my own business and I’d like your advice on what type of insurance I should buy.
Thanks.
George M.