Have you ever cut a trip short due to an unexpected illness or accident? Found yourself delayed for hours or days due to inclement weather or unexplained airline shenanigans? Or perhaps gotten more than you bargained for in a politically unstable or crime-ridden part of the world? Even if you’ve never experienced major problems on … Read more
Nearly all states require car owners to carry auto insurance. Where auto insurance is mandatory, drivers must carry liability policies that compensate victims harmed by their actions behind the wheel for medical expenses and property damage. Some states require additional coverages, such as personal injury protection — another layer of medical coverage for the insured … Read more
Because it’s so affordable, it’s almost always a good idea for renters to carry some form of renters insurance coverage. Many landlords require renters insurance, anyway. Both household-name insurance companies and startups like Lemonade write renters insurance policies that offer many of the same benefits as homeowners insurance, including protection from personal liability and coverage for damaged, … Read more
The first question to ask after determining you need life insurance is not, “Which type of life insurance is best for me?” or “How much life insurance do I need?” These questions can wait until you’ve answered an even more fundamental question: “Who should I designate as my life insurance policy’s beneficiary?” Or, put another way: “Who am … Read more
Term life insurance provides financial protection and peace of mind for the policyholder’s loved ones in the event of their untimely death. For many young and middle-aged policyholders, their policy’s death benefit is significantly higher than the value of their liquid savings. That allows their chosen beneficiaries — most often a surviving spouse or children — … Read more
Death is uncomfortable to think about. Most of us prefer not to contemplate what will happen when we die, let alone how our loved ones will respond. It often takes a disaster or tragedy that’s impossible to ignore, such as a serious health scare, to finally make us take the subject seriously. But a reluctance … Read more
People buy life insurance policies for a slew of reasons. But policyholders generally have the same broad goal in mind: ensuring their death doesn’t create an undue burden for those left behind. That burden can take many different forms. And, of course, one individual’s death can create multiple types of burdens, from the loss of … Read more
Allstate is an American institution. It competes against national, full-service insurance companies, including Progressive, Geico, State Farm, Liberty Mutual, Nationwide, and a host of regional insurers. Like State Farm, it still relies heavily on local agents at a time when other companies have cut costs and premiums with a direct sales model that leans heavily … Read more
Update: MassMutual Life Insurance has made the decision to end operations of Haven Life Insurance by the end of 2023. Most working-age adults need some amount of life insurance coverage. That’s where a low-friction digital underwriting solution like Haven Life comes in. It offers two term life insurance policies with affordable premiums and terms long enough … Read more
You’ve heard the expression, “Hope for the best; prepare for the worst.” Whatever your feelings are about the phrase itself, you’re probably willing to acknowledge that hoping for the best while preparing for the worst is sound practice. All that’s required to upend the most meticulously laid plan is one unexpected occurrence beyond your control. … Read more
