Health care costs continue to rise faster than both wages and inflation. In 2021, the Kaiser Family Foundation reported that the average health insurance premium for families with employer-sponsored health insurance reached a dizzying $22,221 per year. That figure should give families without employer coverage even more shivers. As premiums spiral higher out of reach … Read more
Life insurance is all about risk. So, it’s no surprise that many health conditions and lifestyle-related risk factors can affect life insurance premiums and eligibility. Mental health issues are no different. If you’ve been diagnosed with depression or another mental health condition like anxiety, you’re seen as riskier in insurance underwriters’ eyes. You could pay … Read more
According to the LIMRA 2024 Insurance Barometer study, only 46% of women have life insurance, while 57% of men have at least one policy. The need for women to have life insurance is higher (45%) versus 39% for men, but they hesitate. Part of this hesitancy may be due to misconceptions about life insurance. Many … Read more
My wife and I live in an old house that sometimes shows its age. Not long after we bought the place, we returned from a restful winter weekend getaway to a bone-chilling surprise. At some point while we were gone, the aging thermostat failed to call for heat, leaving the boiler idle as the outside … Read more
A pet health insurance policy can significantly reduce your out-of-pocket veterinary costs, such as emergency surgery and chemotherapy. More generous policies defray vet bills for preventive care as well. Plus, by limiting the long-term costs of owning an aging or ill pet, pet health insurance reduces the risk of economic euthanasia — the heartbreaking decision … Read more
Homeowners insurance is a bundle of different categories of coverage, which apply in various situations. You aren’t able to pick and choose what categories you want – there are six different components to homeowners insurance, all of which are required, which we’ll discuss below. However, depending on your possessions, type of home, and your financial … Read more
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
