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

AHCA Summary: What You Need To Know Now

Updated: April 12, 2024 at 9:40 am

You know the saying. You must be living under a rock if you haven’t heard about the proposed American Health Care Act (AHCA, also known as “TrumpCare”). Maybe you have heard from one of your friends that he or she will no longer be able to obtain affordable health insurance due to a pre-existing condition. Or, that premiums will rise significantly. Or, that penalties will increase. The proposed bill has certainly garnered much attention, some truthful and some not. In this article, we will give an AHCA summary and discuss the truths and myths of the Act. We hope that after reading this article, you feel empowered and informed. Continue reading AHCA Summary: What You Need To Know Now

Why Truck Drivers Need Disability Insurance [Learn Your Options & Save Money]

Updated: April 12, 2024 at 9:40 am

Truck on highway during sunset.Truck drivers probably don’t think about disability insurance much, right?

I mean, you know the importance of getting your shipments and load on time. Your customers are relying on you to be on time, unload your shipment, and ensure the shipment is in good order.

Then, you are on your way to your next destination.

Rain, sleet, or snow – the weather doesn’t matter; people are relying on you to get the job done.

What if you could no longer do that job? Have you ever thought what would happen if you became sick, ill, injured, and disabled? In this article, we discuss why disability insurance for truck drivers.

Continue reading Why Truck Drivers Need Disability Insurance [Learn Your Options & Save Money]

5 Types of Insurance Every Self-Employed Professional Needs

Updated: April 12, 2024 at 9:40 am

Confident self employed woman looking at her insurance needs on a computerIf you’re self-employed, do you think about your insurance needs?

Probably not…

There are so many other things to think about as a self-employed professional.

Let me ask you a question: What does self-employment mean to you?

Ultimately it means your income depends on your hard work. Your income could be variable and fluctuating. If your family relies on this income, it is ever the more reason to make sure you have the right insurance protection in case the unexpected were to happen.

What insurances do you need? In this article, we discuss several types of insurances for your self-employed needs. Continue reading 5 Types of Insurance Every Self-Employed Professional Needs

Understanding Return of Premium Life Insurance Pros and Cons

Updated: April 12, 2024 at 9:40 am

Black woman setting up a table with pros and consYou met with an insurance agent about term life insurance. After a discussion about the benefits of term insurance, the agent says to you:

“Did you know only 3% of term policies* actually pay out?”

“No”, you respond. “Why is that?” A good question.

“Because many people survive the term. That is why term life is so inexpensive. Chances are, you will survive the term and spend money as though you were throwing money down the toilet**.”

You don’t like the sound of that. The agent sees your discomfort and asks, “Would you like to learn a type of life insurance policy that will return your premiums back to you at the end of the term?”

“Yes!”, you exclaim.

Our response if we were with you: hold up. Stop. You need to understand the pros and cons of return of premium life insurance before you go any further.

After reading this article, you may want to simply put your money in that boring term life policy. Continue reading Understanding Return of Premium Life Insurance Pros and Cons

Here Are The Insurances Stay-At-Home Moms And Parents Need [Very Affordable]

Updated: April 12, 2024 at 9:40 am

Young mother reading a book to her children.Insurance for stay-at-home moms and parents?

Ha, you think!

But, you should know if you are a stay-at-home parent, you know your household can not function without you.

A large misconception for stay-at-home moms and parents is that, because they essentially earn $0, they have no worth. Nothing can be further from the truth.

In fact, many reputable industry sources illustrate that a stay-at-home parent “earns” anywhere from $100,000 to $160,000 annually from all of the things they do to keep the household functioning. One website, for instance, states that a stay-at-home mom is worth over $1780,000 in 2021. No different than the household breadwinner, stay-home-moms and parents need to protect their worth in case of the unexpected.

Yes, stay-at-home moms and parents need insurance protection, too.

Let’s talk about these insurances next.

Continue reading Here Are The Insurances Stay-At-Home Moms And Parents Need [Very Affordable]