Thank goodness for insurance

Thank goodness the insurance guy has insurance. Yesterday, I enjoyed an afternoon of playing basketball at our local YMCA with my son...until...I chose to show him how to do an "appropriate" lay-up. Apparently only 99% of my body understood that I was going to jump in the air. My left knee however, decided it wanted to rebel. The 1% minority won. There was a *pop*, followed by yelling, a hard fall, more yelling, 911 was called, a little less yelling, EMT showed up and asked me to bend my leg, and we were back to more yelling.

A big thanks to the EMT guys who made my ride to the ER actually fun. Ambulance folks don't get the recognition they deserve. Most of the ER staff were good folks too. Oh and how about my realtor, JT Oden showing up at the hospital to check on my wife and me. I've got good friends.

Thinking of “Juicing” Your Life Insurance? Read This First

A few weeks ago The Wall Street Journal ran an article called “Juicing Your Life Insurance” about “indexed” universal life insurance policies. A first read of the article might lead a consumer to decide, Wow are these things complicated! I couldn’t agree more. However, the life insurance industry developed these policies to respond to two main critiques that other types of permanent insurance are often tagged with.


With whole life insurance some consumers say, “I like the guarantee, but can’t I earn a bit more of return when the market is really up?” With variable life insurance, consumers sometime say, “I love the upside when the market skyrockets, but I can’t stand the wild market swings.” So, like any good listener, many insurance companies developed this so-called indexed life insurance product, which allows you upside participation and downside protection. The bottom line: you are able to participate in market gains, while ensuring that you don’t lose those gains should the market go south.

It is confusing … you bet. Wise consumers will consider all the options available, get good counsel from their insurance advisor and then make an informed decision. I personally own all five major types of life insurance: term, universal, whole, variable and indexed. The way I see it, the mix is diversification itself. That mix is unique to my personal and business needs, so everyone should make a decision based on their personal circumstances. Research and understanding is the key to long-term success with indexed life products. For many, the product provides a much-needed combination of upside and downside participation. It’s not for everybody, but it might be for you. Contact me to find out more http://www.kbinsuranceonline.com/

by Jack Dewald, CLU, RHU, Chair of the LIFE Foundation Board of Directors June 11th, 2010

Guess Who Can Now Offer Mexico Auto Insurance?

Travel from the US to Mexico with peace of mind, call me today and ask for the Mexico Auto Tourist Policy.

• Bilingual Attention 24/7
• Assistance on the Road
• Medical and Legal Aid

With the same level of valuable customer and claims service you are used to having in the US!

Industry News: Hail Loss Claims Up 61%; Suspicious Claims Up 136%

The number of hail loss claims filed with insurers increased by 61 percent, from 256,000 in 2006 to over 413,000 in 2009. At the same time, the number of claims referred for suspected fraud increased by 136 percent, from 301 in 2006 to 711 in 2009, according to a National Insurance Crime Bureau report that examines both hail loss claims and hail loss questionable claims (QCs) for the period Jan. 1, 2006 through March 31, 2010. Click here to read the full story.