Best Financial Life Blog

How Much Life Insurance? (Part 2)

"Fun is like life insurance. The older you get, the more it costs." - Kin Hubbard There are any number of ways to calculate how much life insurance (we’re talking straight term insurance here) you might need, however I tend to use two that provide an upper and lower bound. In this post, we will discuss the lower [...]

By Joe MorganBest Financial Life, Goals, Life InsuranceJune 26, 2017September 2, 2020

How Much Life Insurance? (Part I)

"It is not only for what we do that we are held responsible, but also for what we do not do." - Moliere There are any number of ways to calculate how much life insurance (we’re talking straight term insurance here) you might need, however I tend to use two that provide an upper and lower [...]

By Joe MorganBest Financial Life, Finances, Financial Planning, Goals, Life Insurance, Money, Retirement, Retirement IncomeJune 19, 2017September 2, 2020

Types Of Life Insurance

"Keep it simple, stupid." - Design principle, U.S. Navy   Life insurance can be very simple or very complicated. At its base level, you pay a fee, called a premium, each year in exchange for the insurance company paying your beneficiary should you pass away during the term. This very simple, clean transaction is as [...]

By Joe MorganBest Financial Life, Finances, Financial Planning, Goals, Income, Investment Plan, Life Insurance, Liquidity, Net Worth, Retirement, Retirement Income, Spending, Spending PlanJune 12, 2017September 2, 2020

Why Life Insurance?

"What, me worry?" - Alfred E. Neuman Many, if not most, of the things we do in our financial lives are for others. We work to provide a service or product that someone else values enough to pay us. We use that money to take care of our families and give to charities. We even [...]

By Joe MorganBest Financial Life, Finances, Financial Planning, Financial Wellness, Goals, Income, Investing, Life Insurance, Money, Net Worth, Retirement, Retirement Income, Spending, Spending PlanJune 5, 2017September 2, 2020