Tag Archives: Reduced Paid Up Insurance

Solving a Finance Problem

 

Dissect, Analyze, Solve

Something bothered me.

I was looking at my financial duties for 2010, staring as far out as December, when the imminence of what I have to pay struck me: huge life insurance premiums.

Do you have the thought that sometimes you may have bitten more than you can chew?

Years ago, when I bought those policies, business was good and was not yet bogged down by recession woes.  I felt I could do anything – be anything, buy anything.  My financial planner convinced me of the wisdom of obtaining life insurance (my second attempt at it).  For peace of mind, she said.  And I did have it.  I remember thinking while driving one day that my family will be okay if…  But now, that same thing that gave me peace of mind is shattering it.

Read More →