Tag: life insurance

What Business Are You In?


Theodore Levitt, was a marketing professor at the Harvard Business School. This point is from 1956. (Note to self: The more things change, the more they remain the same.) “The railroads did not stop growing because the need for passenger and freight transportation declined.… Continue Reading “What Business Are You In?”

What Should I Insure?


Insurance poor is a bad idea. So is poor because I had too little or none. There is a way to think about it. Future unknown losses fall into four categories. The defining elements are the cost of the loss and the probability of… Continue Reading “What Should I Insure?”

Stewardship As An Element of Estate Planning


Last week I talked about sterile money and how money has value only in use. Dynamic rather than static money. In terms of advancing the wellbeing of a family, taken as a whole, some assets that the parents own are sterile. Good estate planning… Continue Reading “Stewardship As An Element of Estate Planning”

What Is “Insurance Poor”?


Anyone can be insurance poor. Maybe everyone is. You could be insurance poor by paying too much premium each month. Or, it could be your future self or estate who is insurance poor because the claim received because of your death or disability is… Continue Reading “What Is “Insurance Poor”?”

Smoking Costs How Much??!


Fundamentally, the world is a fair place.  The more you smoke, the less time you are required to do it.  Maybe a good thing too, because your potential retirement fund will be harmed. Here’s an example.  Suppose: You are a 30 year old male… Continue Reading “Smoking Costs How Much??!”

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