Author: S. Pearson
Are you among the millions of Americans that are under insurance, worn-out of over paying for health insurance coverage and would like to finally find affordable traditional health insurance plans that will fit into your families budget today?
No matter your age or income, nothing is more important than protecting your health. But fortunately now there are things you can do to get traditional health insurance plans that will fit into your budget today.
The commercial featuring that loud, quacking duck has gone a long way to making people think about individual disability coverage as a way to keep bills paid if the family breadwinner gets sick or injured over an extended period of time.
It’s true — individual disability insurance is more important than ever, and every working individual should have it.
The key is shopping smart for that coverage. A financial planning professional is a good first stop for advice on that coverage, which should be considered as part of an overall financial plan.
Why is it a good idea to have personal disability coverage, particularly when most employees can buy such coverage at work for a nominal fee? That’s because most employers offer disability coverage that lasts 12 weeks or less and covers less than 60 percent of a worker’s pretax income. That might be workable for a surgery or injury with a relatively quick recovery time on the couch, but a diagnosis for even the most curable cancers can put workers with even the best financial coverage into a devastating financial bind. Continue reading
It was Benjamin Franklin who once said, “The man who achieves makes many mistakes, but he never makes the biggest mistake of all – doing nothing.” Continue reading
If you are purchasing term life insurance, it is pretty simple to evaluate costs of different life policies. Compare the premiums charged by each company for the same amount of coverage.
It is more complicated to determine actual cost of whole life policies since cash values, dividends, interest you could have earned in other investments, and the number of years a policy is kept in force all play important roles. Continue reading
One of the more confusing aspects of picking the right life insurance is deciding which kind of policy best fits your needs. It seems there are endless variations and names to choose from—universal life, variable life, Irreplaceable Life, The Champion, The Solution. It’s important to know that all are actually variations on the two basic kinds of coverage: term insurance and whole-life insurance (also called cash value or permanent). Continue reading
For most people, it’s pretty simple deciding whether or not you need life insurance. Figuring out how much you need may be a lot more difficult.
Many people simply guess at a figure that seems reasonable and settle on that. Some use a rule of thumb that says you need six to ten times your annual income. Forbes.com has a simple life insurance calculator lets you enter how much annual income will be needed for a certain period of time after death of the policy holder. Continue reading
Your need for life insurance changes with the seasons of life, starting with no need when you’re young, progressing to greater need as you take on greater responsibility. Finally, for most people, life insurance needs begin to diminish as you grow older. Continue reading
Buying life insurance is a very important financial decision and can be one of the most confusing. How you choose which policy, how much should you buy, how you understand the more complex forms of insurance are all questions that need answers. Comparison shopping between all the different types of insurance seems impossible. Continue reading