Monthly Archives: June 2013
I promised myself and you guys NO MORE DEBT by July 1 like an overzealous presidential campaigner (click for one of my favorite Chapelle Show clips of all time). And you know what? I swear, I had it. I have $2,940 left in my interest-free debt and it’s going to be gone in the next few weeks, but I’m using my funds on hand for something other than that. I PROMISE (no, really!) to tell you guys exactly what I used it for by next week. In the meantime, here’s my new debt-free target date:
Zero Debt by July 22!
This date is really realistic, so if I don’t meet it, you have my permission to publicly shun/shame me. Let the fun begin!
The following is a guest post.
We’re prone to think that life insurance is incredibly difficult to obtain—especially if we’re jumping off buildings, engaging in gun battles, and ripping up the streets in uber hot cars—but it’s not. Anyone, in any high-risk profession, can be insured—the catch, is how much it’s going to cost them.
Now, in the case of James Bond, he’s good to go; he works for an agency that would suffer a major loss if something were to happen to him, so you can be sure that they have him insured on both the behalf of his loved ones—the Bond girls, I guess, or maybe his Aston Martin—and themselves. After all, they’d need to get right back out there and offer 008 an awesome salary:
“What happened to 007?”
“Oh, uh, nothing… he… uh, retired.”
“Where’d he retire?”
“Um. Some island. No one knows where it is.”
“Yup. He’s an odd one! Here’s a paycheck… hey, how good are you at defying death at every turn?”
Unfortunately, not everyone is quite so good at the death-defying tactics, which is why life insurance companies give high-risk professions a wide birth. Visit Suncorp for a life insurance quote to suit your specific needs today.
What Does It Matter to the Insurer?
Well, it is called life insurance, so the life and well-being of the insurer is kind of the only thing that does matter. The longer they’re alive, the longer they’re paying premiums! You might be in the best shape of your life, but if you’re taming lions or tight-rope walking across the Grand Canyon for a living, the chances of you living long and prospering are pretty slim.
While those are outrageous examples, let me give you one that isn’t so outrageous and happens to be the deadliest profession in the United States. You ready for it?
That’s right; according the U.S. Department of Labor, the most dangerous and hardest to insure profession in the United States puts that Atlantic Salmon on the dinner table on Saturday nights.
Where does the USBLS get such a statistic? This conclusion is derived from the number of reported fatalities on the job, or injuries on the job that later result in fatalities.
James Bond is cool and all, but he isn’t cruising through hurricanes just off the Grand Banks, in a fishing boat, just so that the mass public can dine on one of nature’s finest offerings.
How Does an Insurance Company Insure High-Risk Professions Then?
They charge way more for premiums. An insurance company is running a business and all businesses, in order to be classified as businesses, have to make a profit. Any business that doesn’t, typically isn’t a very good business, right? Right.
Insurers play the game, and it’s a risky game—who knows who will die, or why, or when—so the best thing that they can do is make educated investments and play the game close to the vest. They’re not going to risk that James Bond could be dead within the year, resulting in a meager collection of premiums when compared to the big payout. Unless, of course, Bond and the Bond Franchise are willing to pay higher premiums to help bridge the gap, should something happen to him.
Are There Any Affordable Options for People In High-Risk Occupations?
Typically, the most affordable option is going to be group life insurance through an employer; nearly everything else is going to get fairly pricey. However, if there’s anyone who can find the best deal, it’s going to be a certified life insurance professional who works solely in this particular space within the insurance industry, on their own, without attachment to a particular insurance company. That way, you know they’re working for you and not some company that just wants you on their roster, paying high premiums.
- Everything you need to know about FHA loans becoming more expensive. But still, you could get the FHA loan and refinance when you’re at 20% equity value, no?
- I’m no fan of unnecessary government surveillance, but I really liked Edward Snowden is No Hero.
- I’ve always wanted dreadlocks. It’s true. But I just didn’t want them to be so permanent. So I will probably never get them.
- Bill Burr recently went on the Joe Rogan Podcast and the two rant and rave for like 3 hours. It was awesome.
- Khaled Hosseini’s third book, And the Mountains Echoed, was released. Not *quite* as heartbreakingly tragic as A Thousand Splendid Suns, but Hosseini does it again with killer storycrafting and characters.
- Jon Stewart is directing a movie about Maziar Bahari’s 118 days in Evin Prison called Rosewater. Exciting and feeling fairly confident that this won’t be another Not Without My Daughter or Argo. (Future Jeopardy Question: The reason why all Iranians loathe Sally Field. Answer: What is Not Without My Daughter?”)
- I have $3,968 in debt left.
- Everyone needs a personal investment philosophy before diving into investing. I have invested before without a defined strategy or philosophy and anything that haphazard simply can’t end well. So I am working on that as I will finally be focusing my energy on investing. Here’s a good summary of developing a personal investment philosophy.
- What do you know about primal living? Check out Mark’s Daily Apple for obvious but good ideas like “Get lots of sunlight” and “Move at a slow pace for a long time.” Beats all those lunges Jillian Michaels has me doing!
- And finally, it’s been too long: Reggaeton Video of the Week: Reggaeton Latino by Don Omar