he mortgage or while kids are in college, etc.) • Leaves the buyer with more money to purchase other investment vehicles like mutual funds, stocks, bonds, etc. that provide higher rates of return than whole life • Often beneficial for younger families who can’t afford whole life rates, but need to insure the primary income earner

Term Life Disadvantages: • Only pays if and when you die; you can never personally recoup any of the money spent on term life insurance • While premiums are lower than whole life, they also tend to go up and can become unaffordable • Term life is only available for a specific term (up to 30 years), and then goes away; if you don’t

Not too many years ago life insurance was considered to be the indispensable platform upon which all other estate planning efforts should be based. In fact, for those in the median and lower income ranges, it was often the only recognized method for protecting one’s heirs, particularly in the event of untimely death. However, over the past twenty or so years, the concept of financial planning has changed considerably. The proliferation of varied retirement plans available through work (IRAs, SEPs, SARSEPs, mutual funds, etc) has changed people’s perspectives about the need for life large life insurance policies.

Does that mean that you don’t need life insurance? No. Most people, perhaps with the exception of the very wealthy, do need some sort of life insurance, although even the very wealthy may opt for a life insurance policy (generally whole life) to defray the costs of burial and estate taxes.

In general, the options are whole life (also called permanent insurance) and term life, with variations like universal life or variable life that combine some of the benefits of each. Different companies offer different options, but which you need and how much you need are matters for heated debate. Those who sell one and make most of their commissions from it will vehemently try to convince you that the other is not a good investment. Here are some facts for your consideration.

Whole Life Insurance Advantages:

•	Offers a guaranteed death benefit no matter how long you live
 •	Is generally not subject to rising premiums; rates stay the same
 •	Many policies become “paid up” at some point (15 years, age 65, etc.) after which no more premiums are paid
 •	Has investment value which can be cashed out after some specified interval
 •	Can be borrowed against in case of financial emergency
 •	Can, in many cases, occasionally earn dividends depending on the company’s solvency and accuracy in predicting actual costs
 •	The income from a whole life policy is tax deferred
 •	Can be cashed out after age 65 and used for retirement
Whole Life Insurance Disadvantages:
 •	Costs more than term life insurance
 •	Generally returns a fairly low rate of interest
 •	Does not begin to accumulate any real value for the first 10-15 years
 •	If the policy is surrendered within the first few years, money paid into it is lost
 •	Does not provide the investment value of a mutual fund or other investment
Term Life Advantages:
 •	Premiums are generally very inexpensive
 •	Lower premiums allow the buyer to purchase more insurance with higher death benefits
 •	Can be quite useful if the buyer only needs coverage for a specified period (while paying off the mortgage or while kids are in college, etc.)
 •	Leaves the buyer with more money to purchase other investment vehicles like mutual funds, stocks, bonds, etc. that provide higher rates of return than whole life
 •	Often beneficial for younger families who can’t afford whole life rates, but need to insure the primary income earner
Term Life Disadvantages:
 •	Only pays if and when you die; you can never personally recoup any of the money spent on term life insurance
 •	While premiums are lower than whole life, they also tend to go up and can become unaffordable
 •	Term life is only available for a specific term (up to 30 years), and then goes away; if you don’t d
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You have daydreamed about it on more than one occasion.  Or, maybe you have had a few sleepless nights thinking about it. And by now, your family and friends think you will never get that business of yours off the ground.  But a New Year brings new opportunities to make the dream of owning your own business a reality.  And it can be done in four simple steps -1.  Develop a habit.  Now do not kid yourself - properly starting a new business can be overwhelmin
ce?  No.  Most people, perhaps with the exception of the very wealthy, do need some sort of life insurance, although even the very wealthy may opt for a life insurance policy (generally whole life) to defray the costs of burial and estate taxes.
In general, the options are whole life (also called permanent insurance) and term life, with variations like universal life or variable life that combine some of the benefits of each.  Different companies offer different options, but which you need and how much you need are matters for heated debate.  Those who sell one and make most of their commissions from it will vehemently try to convince you that the other is not a good investment.  Here are some facts for your consideration.
Whole Life Insurance Advantages:
 
•	Offers a guaranteed death benefit no matter how long you live
 •	Is generally not subject to rising premiums; rates stay the same
 •	Many policies become “paid up” at some point (15 years, age 65, etc.) after which no more premiums are paid
 •	Has investment value which can be cashed out after some specified interval
 •	Can be borrowed against in case of financial emergency
 •	Can, in many cases, occasionally earn dividends depending on the company’s solvency and accuracy in predicting actual costs
 •	The income from a whole life policy is tax deferred
 •	Can be cashed out after age 65 and used for retirement
Whole Life Insurance Disadvantages:
 •	Costs more than term life insurance
 •	Generally returns a fairly low rate of interest
 •	Does not begin to accumulate any real value for the first 10-15 years
 •	If the policy is surrendered within the first few years, money paid into it is lost
 •	Does not provide the investment value of a mutual fund or other investment
Term Life Advantages:
 •	Premiums are generally very inexpensive
 •	Lower premiums allow the buyer to purchase more insurance with higher death benefits
 •	Can be quite useful if the buyer only needs coverage for a specified period (while paying off the mortgage or while kids are in college, etc.)
 •	Leaves the buyer with more money to purchase other investment vehicles like mutual funds, stocks, bonds, etc. that provide higher rates of return than whole life
 •	Often beneficial for younger families who can’t afford whole life rates, but need to insure the primary income earner
Term Life Disadvantages:
 •	Only pays if and when you die; you can never personally recoup any of the money spent on term life insurance
 •	While premiums are lower than whole life, they also tend to go up and can become unaffordable
 •	Term life is only available for a specific term (up to 30 years), and then goes away; if you don’t 
 California Commercial Vehicle Insurance
If you drive a commercial vehicle (big rig, delivery truck, bus, etc.) in California you should be aware there are certain legal requirements for vehicle insurance that you must maintain.  Because commercial vehicles can often carry hazardous materials or precious cargo (such as our children) the insurance requirements for them are much higher than traditional automobile coverage.Not all insurance companies offer commercial vehicle insurance.  Some companies that specialize
good investment.  Here are some facts for your consideration.
Whole Life Insurance Advantages:
 
•	Offers a guaranteed death benefit no matter how long you live
 •	Is generally not subject to rising premiums; rates stay the same
 •	Many policies become “paid up” at some point (15 years, age 65, etc.) after which no more premiums are paid
 •	Has investment value which can be cashed out after some specified interval
 •	Can be borrowed against in case of financial emergency
 •	Can, in many cases, occasionally earn dividends depending on the company’s solvency and accuracy in predicting actual costs
 •	The income from a whole life policy is tax deferred
 •	Can be cashed out after age 65 and used for retirement
Whole Life Insurance Disadvantages:
 •	Costs more than term life insurance
 •	Generally returns a fairly low rate of interest
 •	Does not begin to accumulate any real value for the first 10-15 years
 •	If the policy is surrendered within the first few years, money paid into it is lost
 •	Does not provide the investment value of a mutual fund or other investment
Term Life Advantages:
 •	Premiums are generally very inexpensive
 •	Lower premiums allow the buyer to purchase more insurance with higher death benefits
 •	Can be quite useful if the buyer only needs coverage for a specified period (while paying off the mortgage or while kids are in college, etc.)
 •	Leaves the buyer with more money to purchase other investment vehicles like mutual funds, stocks, bonds, etc. that provide higher rates of return than whole life
 •	Often beneficial for younger families who can’t afford whole life rates, but need to insure the primary income earner
Term Life Disadvantages:
 •	Only pays if and when you die; you can never personally recoup any of the money spent on term life insurance
 •	While premiums are lower than whole life, they also tend to go up and can become unaffordable
 •	Term life is only available for a specific term (up to 30 years), and then goes away; if you don’t 
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Podcasting is a technology that coaches can no longer ignore. It has become so popular in such a short period of time that the New Oxford American Dictionary declared podcasting as the 2005 Word of the Year.While it can be intimidating to get a podcast up and running, many coaches will see the benefits of adding a podcast to their coaching funnel. It will take another year before the coaching profession really embraces podcasting as a fundamental part of growing a su
e cashed out after age 65 and used for retirement
Whole Life Insurance Disadvantages:
 •	Costs more than term life insurance
 •	Generally returns a fairly low rate of interest
 •	Does not begin to accumulate any real value for the first 10-15 years
 •	If the policy is surrendered within the first few years, money paid into it is lost
 •	Does not provide the investment value of a mutual fund or other investment
Term Life Advantages:
 •	Premiums are generally very inexpensive
 •	Lower premiums allow the buyer to purchase more insurance with higher death benefits
 •	Can be quite useful if the buyer only needs coverage for a specified period (while paying off the mortgage or while kids are in college, etc.)
 •	Leaves the buyer with more money to purchase other investment vehicles like mutual funds, stocks, bonds, etc. that provide higher rates of return than whole life
 •	Often beneficial for younger families who can’t afford whole life rates, but need to insure the primary income earner
Term Life Disadvantages:
 •	Only pays if and when you die; you can never personally recoup any of the money spent on term life insurance
 •	While premiums are lower than whole life, they also tend to go up and can become unaffordable
 •	Term life is only available for a specific term (up to 30 years), and then goes away; if you don’t 
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1.	Attitude.  In a sea of thousands of people all trying to get noticed, you have NO choice but to be unforgettable and remarkable.  So you better begin with the attitude of approachability.  That you’re going to stick yourself out there.2.	Detach from outcomes.  Sure, you have goals.  Maybe to sell.  Maybe to get in front of the right buyers.  However, also try to focus less on the outcome and more on the big picture.  Free yourself from agendas.  Develop a n
he mortgage or while kids are in college, etc.)
 •	Leaves the buyer with more money to purchase other investment vehicles like mutual funds, stocks, bonds, etc. that provide higher rates of return than whole life
 •	Often beneficial for younger families who can’t afford whole life rates, but need to insure the primary income earner
Term Life Disadvantages:
 •	Only pays if and when you die; you can never personally recoup any of the money spent on term life insurance
 •	While premiums are lower than whole life, they also tend to go up and can become unaffordable
 •	Term life is only available for a specific term (up to 30 years), and then goes away; if you don’t die within the term, your premiums are lost
Almost everyone needs life insurance of one variety or the other.  The type of insurance and the amount to purchase depend entirely upon you, your family and your mutual goals and needs.  In any case, make sure the company you purchase insurance from is reputable and financially solvent.  Don’t be convinced by a fast-talking sales person without doing your homework first. There are few remedies if your life insurance company dies before you do.