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Financial Planning

How Do I Invest a Life Insurance Death Benefit? Part 2

By Byron Udell | January 13, 2016

In Part 1 of this article, I talked about the importance of carefully planning out how you will use any life insurance payout you receive. My first piece of advice was to consider annuitizing the death benefit to generate a guaranteed income for the future. Here are my other two recommendations: Buy Life Insurance! Seems…

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How Do I Invest a Life Insurance Death Benefit? Part 1

By Byron Udell | December 31, 2015

The death of someone you love is one of the most stressful experiences anyone can go through. No amount of money can even come close to replacing a human life, but I’ve seen how financially devastating it is when someone dies without life insurance.  It’s not a pretty picture. It’s critical to figure out the…

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What Is Time Diversification? (And What Does it Have to Do With Life Insurance?)

By Byron Udell | April 28, 2015

There is not a financial advisor on the planet worth his salt that does not recommend diversification. Diversification among asset classes.  Diversification WITHIN asset classes.  “Never put all your eggs in one basket,” so they say. Why?  Because it minimizes risk and smooths out bumps in the road by reducing the volatility in the value…

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The Motley Fool Gets It Right

By Byron Udell | July 17, 2014

As Jason Hall adeptly points out in his piece on The Motley Fool, people are living longer these days.  That’s good to know, because it means I’ll have many more days like Tuesday – my birthday – in the coming years. Jason’s more important point in his story, in which I was heavily quoted, is that “you probably…

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Should You Use a Credit Card to Pay Your Policy Premiums?

By Byron Udell | June 16, 2006

Is using your credit card to pay your life insurance premiums a smart or dumb idea? Read on. More than 80 percent of Americans are in debt, with the average credit card owner claiming about $10,000 worth of unpaid charges at any given time. But if debt is created – and paid off – correctly,…

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