Your homeowners insurance policy doesn’t cover every mishap that could possibly befall your house, its contents, or its occupants. The nearby creek jumping its banks and sending 6 inches of muddy water through your front door? Nope. A freak earthquake cracking your foundation slab beyond repair? Not a chance. A long-simmering sewer clog finally backing … Read more
Even the best health insurance plans don’t cover every medical expense you could face. Affordable Care Act-compliant health insurance plans cover anywhere from 60% to 90% of the policyholder’s total care costs on average. Plans that don’t comply with the Affordable Care Act, such as catastrophic plans and high-deductible health plans, cover even less. Fortunately, … Read more
It’s increasingly common for property owners to require tenants to carry renters insurance coverage. That’s understandable, as renters insurance limits a property owner’s liability for potentially costly mishaps, like an injured visitor landing in the hospital or a tenant’s possessions going up in smoke. But is renters insurance a good deal for tenants? The short … Read more
Think about everything your family would lose financially right now if you died. Your paycheck would be gone, as would all the things you typically buy with it, from groceries and your mortgage to music lessons and sports equipment. They’d have access to any savings you have — if creditors didn’t take it to collect … Read more
Nearly all states require car owners to carry liability auto insurance. But comprehensive coverage is optional unless you’re still making payments on your car. That doesn’t mean it has no value. It can significantly reduce out-of-pocket repair costs, especially on newer, higher-value vehicles. Of course, that financial protection comes at a cost: higher insurance premiums. … Read more
Your budget gets tighter by the month. You need to earn extra income — fast. So you sit down to think up some side hustles you feel like you’d be good at. Wait, what? It’s not legal, it’s not advisable, and you shouldn’t do it — but you can earn serious money if you’re willing … Read more
What would your loved ones do if you died tomorrow? They’d grieve. They’d cry. They’d reminisce about your time together. But when the shock wore off, how would they pick up the pieces? Would they have the means to continue living as before, or would they need to make drastic changes to their lives? They’d … Read more
How much would you pay for peace of mind? To be secure in the knowledge that your loved ones won’t go wanting after you die? If you’re like most people, your answer is probably “a lot.” Which is good, because one of the most reliable ways to get this peace of mind is also very … Read more
It’s human nature to wish for a long, healthy, happy life for yourself and your loved ones. Sadly, that’s not in the cards for everyone. That’s why term life insurance, the most affordable type of coverage, factors into so many families’ long-term financial planning. Contrary to one of the most persistent myths about life insurance, … Read more
Life insurance is for adults, right? For people with debts, assets, dependents, and mortgages? As it turns out, kids can qualify for life insurance policies too. And depending on your family’s financial circumstances and long-term goals, it might be in your best financial interest. As one of the oldest and best-known life insurance companies specializing … Read more
