For 20 years, a life insurer pulled a little less than $90 out of my bank account. What do I have to show for it, 20 years and $21,600 later? Nothing! Well, except that I’m alive, which is pretty great. When I bought the policy, I got a lot of advice about what kind of insurance I should buy. Most people I talked to said I should get simple level-premium term insurance,… Read More
One of the most difficult questions that I get is whether or not people should buy long-term care insurance (LTC). My views have changed over time and are likely to continue to evolve and I don’t claim to be an expert in this field. Historically, I thought that the policies were too expensive and often passed on the rule of thumb that I had heard, which has three parts. If… Read More
One evening, years ago, I was fiddling around with a life expectancy calculator online and after running the numbers on myself, I decided to run through the program for my wife. Her problem was very different than mine (I’m on borrowed time already). According to this calculator, her life expectancy was 116! It made sense, there is a lot of longevity in her family and she doesn’t chain smoke or… Read More
For the better part of this past week, I was out of the office at family camp in Minocqua Wisconsin. I really tried to avoid my phone and the emails and news that goes with it. As a result, I had no idea that while I was enjoying the world-famous Min-aqua-bat trick water ski team (photos here), the St. Louis suburb of Ferguson was burning after the shooting of Michael… Read More
