By: Nathaniel Nevins | February 13, 2017

Let's first talk about the overall perception of permanent life insurance. Many consumers feel that permanent life insurance is bad. This perception comes from a variety of sources. Some heard it from a financial celebrity, like Dave Ramsey, a friend or family member, or from personal experience. The truth is, it's not bad or just some money maker for the agent selling it. It just depends what your goals are for it and if it was done properly. Permanent life insurance is meant to last for your whole life, providing some living benefits along with the death benefit. These benefits include cash, a portion of the death benefit in the event of chronic or terminal illness, and money for your family in the event of death.

Permanent life insur...

By: Nathaniel Nevins | January 31, 2017


This is Nate Nevins with Nevins Financial. Today we’re going to start our series on life insurance just so we can understand what are the different types of life insurance, first of all, and then we’ll go through each one individually in this series to better understand each one, so that you can make a better, more informed decision on which one actually suits your needs and your situation. So we’ll go ahead and go over the basic types of insurance first and then we’ll, from there, go ahead and go on to individual life insurance policies.

The three different types of life insurance are, first, term insurance. Now with term insurance, basically, you have a level premium, and a level death benefit for a certain amount of years, we’...

By: Nathaniel Nevins | January 27, 2017


This is Nate Nevins with Nevins Financial. Today we’re going to talk about understanding insurance and what its purpose really is. I think a lot of people just don’t understand the true intent of insurance. As a result, that kind of leads into, “Well, why the heck am I paying this premium when I don’t even know what the benefit is to me?” Because insurance isn’t really an immediate benefit most of the time, and its more of a delayed benefit dealing with a claim of some sort. I mean if you think about health insurance for example, you pay this exorbitant premium for what? The whole purpose is to transfer risk. That’s the purpose of insurance is taking the risk off yourself and giving it to an insurance company so that in the event ...

By: Nathaniel Nevins | January 18, 2017

When life insurance is brought up, most people automatically think of term insurance. What most people don't realize, however, is that there are different types of insurance. We'll start out by defining term insurance. Term insurance is insurance with a specified death benefit (face amount) that lasts for a specified period of time. There are four types of term insurance.

  1. Level Term Insurance
  2. Annual Renewable Term Insurance
  3. Decreasing Term Insurance
  4. Return of Premium

Level Term
Level term insurance is what most people think of when they think about life insurance. They pay X amount of dollars per month for X amount of years. Depending on what the insurance company determines your worth is will determine the maximum death benefit available to you....

By: Nathaniel Nevins | December 30, 2016

It can be so frustrating to pay your monthly insurance premium, especially when things are tight and you don't use the benefit. But if we can come to understand the real purpose of insurance, I think it will become less frustrating. The whole purpose behind any type of insurance, whether it's life, health, disability, or auto, is to transfer risk. That's it! So by not purchasing insurance, you assume all of the risk yourself.

So how does it work? Well, insurance only works when lots of people are involved. Insurance companies are very good at what they do and can figure out through statistics what is going to happen. They use what's called the Law of Large Numbers to figure this stuff out. Basically it says that the more people involved, the...