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
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
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
