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What is an Umbrella Insurance and Do You Need One?

What is an Umbrella Insurance and Do You Need One? 1

In an increasingly litigious society, it can be scary to think what might happen if you are responsible for an accident, and then are sued. It’s true that your insurance policy probably has liability coverage, but are the limits high enough? Adding more liability coverage to a homeowners policy or an auto policy can cost … Read moreWhat is an Umbrella Insurance and Do You Need One?

What is COBRA Insurance and a Critical Warning to Know

What is COBRA Insurance and a Critical Warning to Know 4

Are you about to lose your job and access to health insurance? Are you unsure of when your insurance runs out? Or has the Human Resources department handed out a pamphlet on COBRA? Understanding how you will have access to health insurance is critical to your financial decision making in the coming months. Dealing with … Read moreWhat is COBRA Insurance and a Critical Warning to Know

The Complete Guide to Term Life Insurance

The Complete Guide to Term Life Insurance 7

If you want to ensure that your family is protected when you pass on, life insurance is essential. Life insurance provides your beneficiaries with money that can be used to supply the loss of your ability to make money due to death. For those looking to receive a larger amount of coverage for an affordable … Read moreThe Complete Guide to Term Life Insurance

What is Mortgage Life Insurance and Do You Need It?

Soon after you purchase a home using mortgage financing you will start to receive unsolicited letters in the mail from your financing company’s “partners”. Somewhere in that fine print of your mortgage paperwork you agreed to have your information shared with the company’s partners. One of the first partners you will hear from is a … Read moreWhat is Mortgage Life Insurance and Do You Need It?

5 Ways to Lower Your Health Insurance Premiums

5 Ways to Lower Your Health Insurance Premiums 11

Health insurance cost have been on the rise for decades and there is no sign that will stop anytime soon. The Federal government is worried about how to fund programs like Medicare and Medicaid, and employers are looking to cut healthcare premium costs as much as possible. As an employee you may feel helpless to … Read more5 Ways to Lower Your Health Insurance Premiums

Why Permanent Life Insurance is Not an Investment

Why Permanent Life Insurance is Not an Investment 14

There is a constant battle within the financial community between permanent life insurance and term life insurance. Most individuals are best served by inexpensive term life insurance policies that are straightforward: pay a premium, receive a benefit if you die within the specified term. Permanent life insurance, which encompasses whole, universal, and variable products,  is … Read moreWhy Permanent Life Insurance is Not an Investment

What Happens If Your Insurance Company Goes Bankrupt?

What Happens If Your Insurance Company Goes Bankrupt? 17

Insurance is great financial product to spend money on. In an ideal situation you have insurance on your car, your home, your life, your health, and over your risk of disability. You are wise to invest money in these products, but you also put yourself in a dependent situation. You are planning your financial life … Read moreWhat Happens If Your Insurance Company Goes Bankrupt?

Disaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado?

Disaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado? 20

When you talk with a lender about getting a mortgage on a home, one of the requirements you will discover is the need for homeowners insurance. This insurance covers your home in the event it is damaged in a storm or due to a fire. The lender requires you to hold this insurance because they … Read moreDisaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado?

What is Renters Insurance and Why You Should Have It

What is Renters Insurance and Why You Should Have It 23

Homeowners have their home insurance, but what about renters? Just because you are a renter, it doesn’t mean you should not have the same kind of protection that homeowners enjoy. Renters insurance is an inexpensive yet valuable insurance for non-homeowners. Unfortunately many renters forego the insurance, or don’t know about it at all. Whatever the … Read moreWhat is Renters Insurance and Why You Should Have It

Increasing Your Insurance Deductible to Save You Money

Increasing Your Insurance Deductible to Save You Money 26

The insurance industry permeates all manner of media: television, radio, magazines, mailers to your house, and outdoor billboards are covered in advertisements convincing you that switching to the next company will save you hundreds of dollars on your car insurance. While comparison shopping is always a fantastic idea, there are other ways to save money … Read moreIncreasing Your Insurance Deductible to Save You Money