Peggy Riley

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The Secret History of Life Insurance

With so many people getting life insurance policies over the Internet these days, it’s easy to think of life insurance coverage as a product of the digital age. But did you know that the history of life insurance policies can be traced all the way back to ancient Rome? The concept of life insurance was first introduced by the Roman military leader Caius Marius, who created a “burial club” for his troops around 100 B.C. If a member of the club were to die unexpectedly, other members would pay for his funeral expenses. Because the Romans believed that anyone who was wasn’t given a proper burial would haunt the living, Marius’s club spawned several copycats – many of which were backed by the military and the government. Eventually, these burial clubs began providing a stipend to the survivors of the deceased. After the fall of the Roman Empire, however, these…

Ask an Agent: What Types of Life Insurance Does SelectQuote Sell?

SelectQuote agent Bethany Bentley tells us a little bit about herself and addresses the frequently asked question of what types of life insurance SelectQuote sell. Bethany, How Long Have You Been a SelectQuote Agent? I’ve been with SelectQuote for three years now. What’s Your Favorite Thing About Being a SelectQuote Agent? I really enjoy helping clients who ate new to term life insurance, because I can walk them through the process from A to Z. Together, we can determine the right level of coverage and term length to fit their needs and goals. From there, I can use my expertise to figure out which carrier will have the best rate based on the client’s health and lifestyle profiles. But the ultimate satisfaction comes from hearing that a term life client was able to save money on their auto and home policies because I referred them to a SelectQuote Auto & Home…

Children With Smartphones? 5 Smart Reasons Not to Give Your Child a Smartphone

Walk down any city street, and chances are the majority of the people you see will be looking down – focused more on the smartphone in their hands than on the world around them. While the majority of these smartphone addicts are adults, it’s becoming increasingly common to see children with smartphones doing the same. As a growing number of parents are beginning to introduce their children to tablets and smartphones during infancy, the ease with which even toddlers are mastering them can be startling. Last summer, researchers at the University of Iowa reported that by the age of two, 90 percent of modern children can use an iPad. Given these statistics, it’s hardly surprising that kids are beginning to want their own smartphones at a younger age than before. Influence Central’s 2016 Digital Trends Study revealed that on average, kids are receiving their first smartphone between the ages of…

Public, Private or Charter Schools: How to Decide What’s Best for Your Child

Deciding on a school for your child can be one of the most important decisions you’ll ever make as a parent. For most families, the great debate centers around public versus private – although the introduction of charter schools in the 1990s means you have yet another option to consider. Here’s a breakdown of the fundamental differences between public vs. private vs. charter schools, along with a few distinctions that may help you decide which one is right for you and your child. To Pay or Not to Pay? As any parent knows, one of the main points of difference between public and private schools is the cost of tuition. By definition, public schools cannot charge tuition. Financed through federal, state and local taxes, they are part of a larger school system within the US government and must follow the rules and regulations set by politicians. Meanwhile, private schools must generate…

5 Ways to Prepare Financially for a New Baby

If you’re an expecting parent, you’ve probably done your homework. Between Lamaze classes, parenting blogs and the latest edition of Dr. Spock’s Baby and Child Care, chances are you know enough about childbirth to get a job in a hospital. But there’s another type of preparation that’s equally important: prepare financially for a new baby. When you consider the US Department of Agriculture’s statistic that a child will cost more than $245,000 by the time he or she is ready to go to college, it’s easy to panic. But first things first. Here are five sensible ways to prepare your finances for the stork comes. Get a Handle on Your Health Insurance Even with health insurance, having a baby is expensive. That’s why it pays to find out now what is and isn’t covered by your insurance provider when it comes to prenatal care as well as labor and delivery.…

5 Reasons Why Renters Insurance Is Worth the Money

Ask most homeowners if they have homeowners insurance, and the majority will say they do – after all, mortgage lenders require them to have it. But ask your average renter if he or she has renters insurance, and chances are you’ll get a very different answer. According to a 2015 poll conducted by the Insurance Information Institute, only 40 percent of people who rent their homes have renters insurance policies – as opposed to the 95 percent of homeowners who have homeowners coverage. Though some landlords require proof of renters insurance upon signing a lease, it’s easy to dismiss it as an unnecessary expense when you don’t own the place you’re renting. But while you may not be liable for the roof over your head, you’re still liable for everything you own inside your rental – from your clothes to your computer to your pets. Here are five reasons why protecting…

Ask an Agent: What Does Life Insurance Cover?

SelectQuote agent Joy Waller tells us a little bit about herself and addresses the frequently asked question of what does life insurance cover. Joy, How Long Have You Been a SelectQuote Agent? Eight years this past May. What’s Your Favorite Thing About Being a SelectQuote Agent? The moment when a client’s policy is activated! Because we work with multiple carriers at SelectQuote, I’m always able to give my clients a choice of rates – which is a great feeling. What Does Life Insurance cover? Life insurance covers your most precious assets when you no longer can. How Affordable Is Term Life Insurance? Term life insurance is the most affordable kind of life insurance available. If you can afford to have a cell phone or go out to eat a couple of times a month, chances are you can afford term life insurance! To learn more from Joy about what life…

Summer Vacation in the Southern Hemisphere

Summer is in full swing, which means kids in the US don’t have to go back to school again until September. But did you know that schoolchildren in the Southern Hemisphere won’t have their summer vacation until December? In most countries, schools close for an extended break during the hottest months of the year. In the US and other countries located in the Northern Hemisphere, those months are June, July and August. Depending on where you are in the Southern Hemisphere, however, those months tend to be December, January and February. So in countries like Australia and Brazil, students have their summer vacation from mid-December to late January. While summer vacations were originally instituted in the US at the turn of the 20th Century to save money, avoid student burnout and protect children from poorly ventilated classrooms during heatwaves, other countries close their schools for a variety of reasons. In…

8 Tips for Win-Win Vacation Rentals

Whether you’re a renter or an owner, vacation rentals can be a double-edged sword. Whereas the passive income generated by renting out a vacation property can be a welcome resource for owners, the costs of upkeep and risks associated with letting total strangers into your home can be prohibitive. Meanwhile, those looking to rent can typically get a lot more space per dollar than they would in a conventional hotel room – but how can they be certain they’ll be getting what they paid for? For both sides, covering your bases is key. Whether you’re renting a vacation property yourself or renting yours out this summer, here are eight tips for making the experience a total win-win. Know What You’re Getting The last thing you want is to be a victim of the old bait-and-switch. If the property isn’t in another state or country, ask to see it in person before…

5 Questions About Buying Whole Life Insurance

Whole life insurance may be a pricier option than term life insurance, but that doesn’t necessarily mean you shouldn’t buy it. Unlike a term policy, a whole life insurance policy provides a lifetime of coverage at a level premium – meaning you’ll pay the same monthly or annual rate for the life of the policy. Whole life coverage also accumulates a cash value, which can grow over the life of the policy and receive favorable tax treatment. This means you can borrow against or even cancel your policy for all or part of its cash value while you’re still alive. And because you can’t outlive a whole life policy, this type of coverage is often considered preferable to term life insurance when it comes to retirement and estate planning. Given the high cost of whole life insurance, however, it pays to carefully consider these five questions before you purchase a policy:…

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