Business owners have a tremendous opportunity to generate significant rewards from a business in which they have invested heavily. However, as with any opportunity with the potential for great rewards, there are great risks, many of which have the potential to create a serious financial hardship on a business.

In practice, the question often arises as to why a single woman should own life insurance. Before answering it, it might be instructive to consider some demographics, especially as they have been trending in recent years:

With rates as low and competitive as they have ever been, it’s as close to a “buyers” market in life insurance as you’ll see.  Still, in these cash-strapped times, curbing all costs and expenses is a priority for most people, and buying life insurance is no different.

Most people are quick to purchase the maximum collision and comprehensive coverage available to protect their new car.  However, the costs associated with fixing or replacing even the most exotic car pale in comparison to the amount of money people will shell out to pay liability claims.

Face it, life happens, most often beyond your control, and it can sometimes produce some unexpected illnesses or injuries that can potentially disrupt your ability to keep your income flowing. In fact, the most valuable asset that most people have is their ability to earn an income. Yet for many people, it’s the one asset that they haven’t protected.

It happens when you least expect it -- A fall from a ladder. a skiing accident; a serious illness. No one plans to become disabled.

Universal life insurance was launched in the early 1980’s at a time when interest rates were historically high and its forebear, whole life insurance couldn’t satisfy consumer appetites for high returns that were available in bank CDs and money market accounts.  Universal life offered an alternative means to purchase a permanent form of life insurance that also provided flexibi

Next to the IRS, the most formidable and intimidating institutions people will face are the insurance companies and the medical care complex. Both are at the root of increasing medical costs and both are intent on making sure their bottom lines are forever expanding. Never mind that high medical bills are the number one cause of bankruptcies in the U.S.