Many millennials and Gen Zers believe in the common myth that young people don’t need life insurance. It’s true that many young people can get by without coverage right now and that some folks never accumulate the obligations best addressed by life insurance. But for most of us, our 20s and 30s are the ideal … Read more
“I don’t need it because I’m young and healthy” is one of the most common myths about life insurance. Life insurance is absolutely appropriate for many young people, even those without dependents to provide for or significant debts to their name. With relatively low premiums, flexible coverage amounts, and the option to save even more … Read more
According to data collected by the Insurance Information Institute, about 60% of all Americans were covered by some form of life insurance in 2018. About 20% of Americans believe they don’t have enough coverage and are in the market for more. All life insurance policies take one of two forms: Term life insurance, which charges … Read more
Of all the persistent myths about life insurance, the notion most people don’t need it is arguably the most damaging. That’s because the truth is closer to the opposite. Most people do need life insurance coverage, including those without dependents or massive debts. But the myth that life insurance is often unnecessary is comforting for … Read more
In the old days, applying for life insurance was tedious, time-consuming, and stressful. The process took weeks to complete, much of that spent waiting on the results of a medical exam. And you didn’t know how much your policy would cost until everything was said and done — or even if you’d qualify for a … Read more
A cancer diagnosis is a life-changing event, even if the prognosis is good. It’s especially concerning — and challenging — for people who don’t yet have life insurance. Unfortunately, obtaining that critical layer of financial protection for your loved ones is much more difficult afterward. It’s not impossible, however. Many life insurance companies do issue … Read more
No matter how careful you are, you probably drop your phone on occasion. If it’s cased up with a properly applied screen protector, it might be no worse for the wear, but every encounter with the ground is momentary cause for alarm. Sometimes, that alarm is justified. I’ve seen smartphones dropped into pools, run over … Read more
What are your financial resources and options when a family member dies? If something happens to you, are your spouse, children, or parents going to be OK? Where will the money come from to carry them through? These are the questions that life insurance answers. Life insurance provides emergency money to see your family through … Read more
If you’ve ever carried an insurance policy, you’ve paid an insurance premium, either out of your own pocket or through your employer. That recurring premium is the price you pay to keep your policy in effect. In insurance sectors familiar to many Americans, it’s common practice for insurers to recalculate premiums each year. The out-of-pocket … Read more
I grew up in a rugged, semi-rural area. My childhood home sat on a hillside above a narrow but energetic river. From our front window, the river was barely visible amid the trees. I remember it mostly as the centerpiece of a popular nature preserve within walking distance of our house. Our neighbor, whose house … Read more
