Mike’s Life Insurance Advice

Dear Mike, My wife and I have done pretty well financially and we are looking for more flexibility than a standard life insurance policy offers. I’ve read about variable universal life insurance but heard it could be quite risky. What are your thoughts on the matter? Sincerely, Randall J.

Dear Mike, My family has been blessed. We’ve done quite well with our investments, are debt free, and our investment income provides everything we want. This gives us the ability to volunteer a lot of our spare time and energy to a number of charities. We’re in our mid-sixties and getting a bit concerned about [...]

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.