LIMRA Archives - Your Friend 4 Life

July 16, 2017

10 Facts about Life Insurance You Never Knew

While doing a bit of research I found 10 fun facts about life insurance that I never knew. As the expression goes “truth is stranger than fiction”. Enjoy.

A French man, by the name of Max Herve-George, has an insurance policy that lets him trade stocks based on last week’s prices. It has been Continue reading →

Tim Wilhoit

Educational

July 9, 2017

Where There is a Will, There is a Way

Sadly, statistically, nearly two thirds of Americans die without a will? It is a really scary the mess left behind by not having directions for your final wishes spelled out legally. Look at the mess of the late Pop Star Prince. Do you really want some stranger, a judge, deciding who gets your property, Continue reading →

Tim Wilhoit

Educational

August 21, 2016

No Life Insurance and No Will, Smart, Very Smart

Comedian Bill Engvall has made a comedy career out of people doing and saying stupid things with his “here’s your sign” jokes. But as a life insurance agent, I am always amazed at people that can afford life insurance and a will, but simply don’t want to take care of their loved ones. There are Continue reading →

Tim Wilhoit

Educational

May 1, 2016

Prince’s Estate is a Mess with No Will

I was just reading an article about Prince having no will and all of the things that will happen with his estate. It is estimated that Prince’s estate is worth somewhere between $300 to $500 million dollars. No will means the government will probably take close to half of his estate and they never sang Continue reading →

Tim Wilhoit

Educational

June 21, 2015

Life Insurance is a Waste of Money

Life insurance is a waste of money when you have learned to defy death. If you have not figured out how not to die, you should buy life insurance. Life insurance is one of the most affordable insurance products on the market. More affordable than insuring your car, your cell phone and certainly your health. Continue reading →

Tim Wilhoit

Educational

January 4, 2015

How Much Life Insurance Does the Average Person Have?

I received this question during the holidays and it really made me think how under insured we really are with life insurance in the United States. Of all of the different types of insurance products on the market today, life insurance for the value is the most affordable. What other insurance product could a healthy Continue reading →

Tim Wilhoit

Educational

September 21, 2014

Dude, Life Insurance Ain’t for You…

As a seasoned life insurance professional going into my third decade, I hear younger men stating they don’t need life insurance. I then promptly remind them, dude, life insurance is not for you, it’s for them. Them being the family and loved ones left behind in case of your sudden death. Regardless of a Continue reading →

Tim Wilhoit

Educational

March 9, 2014

Sales Objections or Lame Excuses?

I have been selling and training sales professionals to sell for over a quarter of a century. I am always amazed at the obstacles the sales person or insurance agent has to overcome with a prospect. Prospects come up with some great sales objections or I call lame excuses. I understand not having the money Continue reading →

Tim Wilhoit

Educational

January 5, 2014

How To Do Life Insurance Mathematics

After spending most of my work life, over 20 years, in the health and life insurance business, I still find the average consumer has no idea how to do life insurance mathematics. According to LIMRA’s research, the authority of the life insurance industry, over 30% of US households do not have life insurance. A Continue reading →

Tim Wilhoit

Educational

September 8, 2013

What Is Life Insurance Awareness Month?

It is that time of year again, September 2013 for Life Insurance Awareness Month. This is a month set aside by Life Insurance and Market Research Association or LIMRA back in 2003 and is now in its 10^th anniversary year. It was created to raise awareness among consumers and producers about the need Continue reading →

Tim Wilhoit

Educational

March 3, 2013

Which Is Larger U.S. National Debt or U.S. Life Insurance?

I love a good brain teaser quiz from time to time. This was a thought that crossed my mind. With all of the talk about budget cuts and sequester of budgets when we are trillions of dollars in debt, I wondered how much life insurance is in force in just the U.S.? My first Continue reading →

Tim Wilhoit

Educational

October 13, 2012

Meningitis Deaths Hit Innocent People

Most people have seen and heard the horrifying news of innocent people going for help with chronic neck and back pain to be injected with an epidural steroid for pain relief, only to have been infected with a fungus-contaminated steroid that caused meningitis. At present, it is believed to have been distributed to 23 Continue reading →

Tim Wilhoit

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10 Facts about Life Insurance You Never Knew

Where There is a Will, There is a Way

No Life Insurance and No Will, Smart, Very Smart

Prince’s Estate is a Mess with No Will

Life Insurance is a Waste of Money

How Much Life Insurance Does the Average Person Have?

Dude, Life Insurance Ain’t for You…

Sales Objections or Lame Excuses?

How To Do Life Insurance Mathematics

What Is Life Insurance Awareness Month?

Which Is Larger U.S. National Debt or U.S. Life Insurance?

Meningitis Deaths Hit Innocent People