Author: John

I am a CFP® Professional and have an MBA. I founded My Family Life Insurance to provide honest, trustworthy advice and economical insurance solutions to individuals, families, and business owners. Contact me if you have any questions. There is no risk! If I can't help you, you've learned a little more, and we'll part as friends. Seriously! Can your current agent say this? View my linked-in profile here: www.linkedin.com/in/johnbarnescfp

Get Ahead of the Curve: 2024 Short-Term Disability Insurance Costs Explained

Updated: April 12, 2024 at 9:38 am

In this article, we are going to discuss short-term disability insurance costs for 2023.

Disability insurance is an extremely important insurance that most families need. It is the only insurance that will pay a benefit to you if you are sick or hurt and can’t do your job. No other type of insurance does that.

Inflation is still high, money is still tight, and economists predict doom and gloom with a recession. I receive many phone calls from professionals about the costs of short-term disability insurance.

Continue reading Get Ahead of the Curve: 2024 Short-Term Disability Insurance Costs Explained

How A Bad Driving Record Affects Life Insurance Rates | You Can Still Obtain Life Insurance, But Options Depend On The Severity And Recency Of Your Driving Infractions

Updated: April 12, 2024 at 9:38 am

If you are like most people, you probably don’t think about how your driving record affects your life insurance rates.

However, a bad driving record can negatively impact your life insurance application and negatively impact your life insurance premiums.

Negatively in the form of higher rates!

Moreover, in some cases, carriers will even decline your application.

Continue reading How A Bad Driving Record Affects Life Insurance Rates | You Can Still Obtain Life Insurance, But Options Depend On The Severity And Recency Of Your Driving Infractions

Will Life Insurance Pay A Death Benefit From A Drug Overdose? | Yes, Generally Speaking, It Will. But There Are Cases Where Carriers Won’t Pay

Updated: April 12, 2024 at 9:38 am

Practically every day, people ask me if the life insurance policies they are enrolling in will pay out for death due to a drug overdose.

It is a valid question. Especially today with the rise of fentanyl deaths and drug overdoses.

The short answer: yes, life insurance companies will pay the death benefit if you or a loved one die from a drug overdose.

Continue reading Will Life Insurance Pay A Death Benefit From A Drug Overdose? | Yes, Generally Speaking, It Will. But There Are Cases Where Carriers Won’t Pay

Can You Have Life Insurance While On SSDI? Yes, Here’s How | We Discuss 3 Life Insurance Options Available To SSDI Recipients

Updated: April 12, 2024 at 9:38 am

Every day, someone asks me if they can buy life insurance if they receive SSDI benefits.

The answer is, yes, you can.

No, John. Another broker told me I couldn’t!

I hear that a lot. Unfortunately, you were misinformed, and the broker is incorrect.

If you are receiving SSDI benefits, you can obtain life insurance. That is a fact.

Continue reading Can You Have Life Insurance While On SSDI? Yes, Here’s How | We Discuss 3 Life Insurance Options Available To SSDI Recipients

How To Get Disability Insurance With Pre-Existing Conditions The Right Way | We Set Your Expectations Correctly In This Guide

Updated: April 12, 2024 at 9:38 am

You purchase disability insurance to protect your income and wealth in case you are sick or hurt and can’t work. However, did you know that most disability insurance plans do not cover pre-existing conditions?

No, John, I did not know that!

Yes, that is right.

Actually, I would guess that all private, individual disability insurance plans exclude any pre-existing conditions or lifestyle situations from coverage.

However, as we will discuss, having a pre-existing condition doesn’t mean you should avoid or not accept this very important insurance.

If you have pre-existing conditions, and most people do (including me), you can still obtain disability insurance.

Continue reading How To Get Disability Insurance With Pre-Existing Conditions The Right Way | We Set Your Expectations Correctly In This Guide