Tag: Insurance

How Much Life Insurance Can You Own? (Ep. 22)

How Much Life Insurance Can You Own? (Ep. 22)

It’s impossible to measure the value of a human life. Who you are as a person, and what you mean to your family, friends, and your community, cannot be measured or a dollar value placed upon it. If you suddenly died, such a loss would be permanent, profound, and irreplaceable. Your future earnings potential is about the only thing that is replaceable through proper life insurance protection.

In this episode, we discuss the different mindset people tend to have when insuring material possessions vs. their own life. We also discuss how much life insurance you may be able to acquire based on your age and income, and why trying to figure out coverage amounts based on a needs analysis is the opposite of what most people truly want.

By the end of this episode, you’ll gain a deeper understanding of how life insurance companies can determine the amount of coverage you’re eligible for, and what you can do to help protect the lifestyle you and your family worked so hard to create.

Jim discusses:

  • The importance of life insurance to help ensure that your family can maintain their lifestyle and financial security in the event of your death
  • Why insurance companies won’t allow someone to over-insure their property, income, or life
  • How trying to take a needs approach to determining your life insurance coverage is the opposite of how you treat your career
  • Life Insurance coverage amounts for business owners vs non-business owners
  • And a lot more!

Resources:

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Protecting Against Risks of Lawsuits, Accidents, and Property Loss with Mike Moore (Ep. 19)

Protecting Against Risks of Lawsuits, Accidents, and Property Loss with Mike Moore (Ep. 19)

Insurance is often marketed based on finding lower prices, but it’s time to take a closer look at the quality of the coverage you’re purchasing.

In this episode, Michael Moore, CAPI, CPRM, PLCS, of Marsh McLennan Agency joins the show to discuss how accidents and other risks can lead to multi-million dollar lawsuits, and how to improve the way you protect your property, assets, and future income with higher quality insurance.

Mike discusses:

  • Umbrella insurance – what it covers and why you should own it
  • Liability exposures you may not be protected against
  • Common deficiencies in auto and home insurance coverage
  • The rising threat of cyber attacks and identity theft
  • How to use your annual income and assets to estimate available coverage amounts 
  • And more

Resources:

Connect with Mike Moore:

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About Mike Moore: 

Mike Moore is responsible for marketing and sales at Marsh McLennan Agency. He assists successful families with their property and casualty insurance needs. Mike uses a variety of risk management techniques including risk avoidance and risk transfer to tailor a plan specific to your family. He represents the best carriers that specifically serve the high net worth families.

Mike has expertise in helping families with their high-valued custom homes, vehicles, liability, and valuable article coverage. His goal is to develop a comprehensive risk management plan to ensure that you and your family are prepared for the unexpected and your assets aren’t vulnerable to litigation or loss.