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What Happens If Your Insurance Company Goes Bankrupt?

What Happens If Your Insurance Company Goes Bankrupt? 1

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?

How to Ace Life Insurance Medical Exam and Save Money

I recently switch my life insurance from Liberty Mutual to Genworth. The first time I got my term life policy, it was difficult for me to get a decent policy because I ran into a shady agent who somehow got me into a poor health bracket and recorded the information in the Medical Information Bureau … Read moreHow to Ace Life Insurance Medical Exam and Save Money

15 Insider Insurance Shopping Tips From State Farm

15 Insider Insurance Shopping Tips From State Farm 5

The follow article (Q&A) was provided to me by State Farm. After a careful review, I felt the information was useful and neutral enough to share. Regardless of what insurance company you decide to use, these tips should be equally applicable. Here’s the article: Based on some research we did at State Farm, we realized … Read more15 Insider Insurance Shopping Tips From State Farm

10 Things to Know When Buying Insurance Policies

10 Things to Know When Buying Insurance Policies 7

If you have ever had to make an insurance claim, you know that your premium dollars pay for very important protection. Hopefully, you enjoyed a hassle free claims process. If you did have problems getting your claim paid, you probably considered finding another insurer. Either way, you learned the importance of having an insurance company … Read more10 Things to Know When Buying Insurance Policies

I Don’t Want Your Freakin’ Extended Warranty…

I Don't Want Your Freakin' Extended Warranty... 9

These past weeks, my family and I have been shopping for a minivan to accommodate our extended family of 7 — and finally replacing our 11 years old Ford Contour. The experience left me wondering if the auto industry really needs the bail out money at all. If I have to judge by how some … Read moreI Don’t Want Your Freakin’ Extended Warranty…

Life Insurance and Medical Information Bureau (MIB)

This was a rather interesting week for me.  For the first time ever, I had a life insurance agent cursed at me with an F word.  The story started last summer when I tried to purchase a term life insurance policy from this agent.  He helped my parents stop the monthly payments on their whole … Read moreLife Insurance and Medical Information Bureau (MIB)

Financial Risks And Personal Finance Risk Management, Part 2

Financial Risks And Personal Finance Risk Management, Part 2 12

This is the second part of Financial Risks And Personal Finance Risk Management series. In the first part, we looked at financial risks and risk management as they relate to your income and expenses. In this part, we will be looking at risks pertaining to your assets and credit. Photo by Snoober via Flickr Asset … Read moreFinancial Risks And Personal Finance Risk Management, Part 2

Financial Risks and Personal Finance Risk Management, Part 1

Financial Risks and Personal Finance Risk Management, Part 1 17

Risk management is a methodology to mitigate negative consequences resulting from threats and uncertainties. In this article, I’ll be exploring financial risks focused on personal finance and how to minimize these risks. Since risk management is a huge topic, I am going to limit it within the scope of the REAL Wealth Building framework — … Read moreFinancial Risks and Personal Finance Risk Management, Part 1