As discussed in a previous post, life insurance is a complicated subject and there are no easy ways to know which one is right for you, how long you should take it for, how much insurance is enough etc. etc.  No one can answer these questions for you—you’ll have to work them out yourself.

But, what Adam Ginsberg can do to help you reach a decision about which type of insurance to buy is break down the two kinds of insurance available, i.e., term insurance and permanent, or whole life insurance.

The most basic difference between a term policy and a whole life policy is that a term policy only provides death benefits to the insured person’s beneficiaries in the event of his or her death. A whole life policy, on the other hand, has an investment component along with death benefits which builds cash value over the life of the policy. Therefore, the returns on a whole life policy can be enjoyed by the insured person as well during his or her lifetime.

Secondly, a term insurance policy is taken out for a fixed term, like 10, 15 or 20 years. On the other hand a whole life insurance policy lasts for as long as you keep paying your premiums.

The third basic difference between the two policies is the applicable premium. Term insurance plans have very low premiums compared to whole life policies as a part of the premium for the latter is invested in building the cash value component as described earlier.

Apart from these basic differences, what you should consider when choosing an insurance policy is the death benefit offered.  On one hand you may be able to get a $500,000 term policy, for say, $300 annual premium, but for a whole life policy of the same amount may cost you $3000 every year. Therefore, before you make a decision, you should consider whether you are better off investing in a term policy for $300 and investing $2700 in other investment vehicles with higher returns or if you should hedge your risk and invest in a whole life policy for lower returns.

For more tips from Adam Ginsberg on finance and how to make money online read the secrets of an auction millionaire.

Life Insurance is a simple and, at the same time, a complicated topic of personal finance. Simple because it serves a very simple purpose—to provide for your family and loved ones after you’re gone or even for yourself in case of loss of income etc. And, complicated because we can almost never figure out how to predict how much we’d need in the future to keep us protected from these anticipated losses.

Adam Ginsberg, one of America’s leading internet entrepreneurship and wealth building coaches sheds some light on the various kinds of life insurance and how to choose the right one.

Various kinds of life insurance Life insurance can be split into two broad categories, i.e., term insurance and whole life insurance.

Term insurance basically guarantees a specific sum of money to be paid to the family of the insured person in the event of his or her death, or in some cases permanent disability as well. Term insurance policies are taken out for a specific period and a specific amount. If the insured person outlives the period of the policy, then the policy expires. In short, term policies are pure insurance in the event of a tragedy, and nothing more.

Whole life insurance, on the other hand covers the insured person throughout his or her life span. These policies include a variable cash value that builds over time along with guaranteed death benefits. However, the premiums for these policies tend to be higher since a portion of the premium goes into making investments on your behalf for that cash value component.

Choosing the right insurance Now this is the tricky part. There are as many points-of-view on how to choose the right insurance as there are people you know. However, each individual’s requirements are as unique as the individual themselves and only you can decide which insurance policies will suit you best. There many of your life’s factors to consider while making this decision and Adam Ginsberg suggests a basic approach to analyzing various factors before making a decision.

Factor #1 – Your Age

 Age is perhaps the most crucial factor while deciding on your insurance policies. For instance, if you are young and single or older with grown up, independent children then you may not need pure life insurance at all. However, if you are married and have children with other liabilities like mortgage or auto loans, then you should have at least one term insurance policy.

Factor # 2 – Policy Period

If you have children, then the term period for a life insurance policy should be long enough to cover your children’s college-going age. For instance, if you have children aged 10 and 5, then you should take an insurance plan for a period of 15 years, which will cover your younger child till his or her college years.

Factor # 3 – Insured Amount

This again is a very crucial factor that tends to confuse people while choosing an insurance plan. According to Adam Ginsberg, the ideal insured amount should be the one that covers all your liabilities, like your mortgages and auto loans, and a few times your annual income to help your family tide over in the event of your death, and get back on their feet again.

These are the three basic factors that influence your decision while considering taking out a term insurance on your life and should be analyzed meticulously to help you get the right decision.

Keep a look out for more articles on insurance advice from Adam Ginsberg on this website. And, for any feedback that you may have on our articles, please feel free to write to us.  

Do you dream of owning your own business? Does the idea of setting your own hours make you weak in the knees? Becoming an eBay entrepreneur might be the perfect job for you. My name is Adam Ginsberg and I found my success by becoming an eBay PowerSeller. Many years ago, I was like you and I worked a regular nine-to-five job. I dreamed of starting my own business but worried about leaving the security of my regular job. Finally, I decided to make the jump to become an eBay entrepreneur and I haven’t looked back since. Here’s how I did it:

Do Your Research eBay takes about 9% of every transaction you make online. There are other fees such as fees and shipping costs as well. Make sure you do your research when it comes to becoming an eBay entrepreneur. Visit the eBay site often and research other businesses like yours. How do they market their services and products? How can you set yourself apart from the completion? You have to differentiate yourself to become successful using eBay

Make a Plan Before you create your eBay account, make a business plan. Successful entrepreneurs always have a plan of action. Put your research to work. Purchase the eBay software you need, take pictures of your products, and map out how you will sell them online. You should also create a budget and marketing plan. Take advantage of social media platforms such as Facebook, Twitter, Pinterest and LinkedIn to market your products and services.

Re-Evaluate Your Progress Every Three Months  You should re-evaluate your progress on eBay every three months.  Set aside some time to see what works and what doesn’t. Are you selling as much as you thought you would? What marketing tactics have worked and what has tanked? How is your supply and demand? Do you need to hire additional help? These are some of the questions you should ask yourself every three months.

Many people dream of owning their own business. Becoming an eBay entrepreneur is a great choice for many individuals. Make sure you do your research, make a plan and re-evaluate your progress every three months to ensure success. If you want help with your eBay selling plan, please feel free to contact me anytime. I look forward to hearing from you.

Posted on behalf of Adam Ginsberg by the Adam Ginsberg Team Adam Ginsberg is helping people to become financially independent with his resources like eBay templates, eBay software and eBay tools. If you want to know more about his resources you can visit Secrets of an Auction Millionaire, Success with Adam or even Adam’s main website.  You can also listen to some testimonials of his satisfied customers.

Running a home based or Internet business can be an exciting and fulfilling endeavor, especially if you’re fulfilling a lifelong passion.  The secret of being successful when it comes to opening your own home business is to be consistent and to stick with it for the long haul according to about.com.  Here are three ways to run a successful home based business that will bring you satisfaction instead of draining your time and resources.

1)  Keep Your Workspace Separate

Make sure you have a separate area within your home to work.
2) Have a Schedule
The biggest problem entrepreneurs have when starting their own home based business is that they don’t have a boss structuring their day.

3) Stay Connected

Make sure you keep an organizer, diary or smartphone with you at all times.  You will most likely meet business contacts or come up with new ideas when you’re away from home.


Leaving your corporate job to start a home based business can be a scary endeavor but it’s becoming more and more common due to the decline in the economy.  It’s also a great way to get rid of overbearing bosses breathing down your neck or a 45 minute commute during rush hour.  Working from home can be a very rewarding experience as long as you stick with it and follow the three tips I shared above.  Do you have any tips to share? Please feel free to share them in the comments below.

For more on eBay business resources and tools you can check out my Secrets of an Auction Millionaire or Success with Adam.  Also you get a free eBay report from me by following the given link and sharing your name and valid email address.