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How to Select The Right Amount of Life Insurance for You

Terry’s life insurance cost $9.95 a month. Sounds like a good deal, right? The cost of a couple cups of coffee a month can fit into most people’s budget. That may work for Terry, but it doesn’t really answer the question, “how much life insurance do I need?” or “How much is the right amount of life insurance?” A number of factors go into estimating your coverage needs. If you already know your financials fairly well, try our life insurance calculator. It will give you a quick sense of what you’ll need to consider for coverage. Plus, it offers three…

How Much House Can I Really Afford?

Turn one calendar page and it’s spring – prime time for the housing market to open exciting new doors after a long winter lock-down. But before you contact your real estate agent, stop and ask yourself “how much house can I afford?” Dreaming of luxury kitchen appliances, soaring ceilings, spacious walk-in closets, granite countertops, wood floors and a three-car garage means it’s time to house hunt. But before you contact a real estate agent, stop and ponder this question: How much house can you really afford? A little homework ahead of your house hunt will help you set realistic expectations,…

Your Kid’s at College – Do You Keep Insuring the Car?

Should you keep your college student on your car insurance policy or have them take out their own car insurance policy when they go away to school? There’s not one right answer. For college students, car insurance premiums can vary widely due to factors such as vehicle type and age, the miles the student drives each year, where the vehicle is garaged, the grades he or she gets in school and driving record. All of which raises the question, are there reasons to keep my college student on my car insurance policy? Or is is better to have them take…

Umbrella Insurance: When You Need Extra Protection

Just like an umbrella protects you from rain, an umbrella insurance policy is extra coverage if you’re at risk for being sued for damages to other people’s property or injuries caused to others in an accident. An umbrella policy also protects against libel, vandalism, slander and invasion of property. This kind of coverage is beneficial if you’re sued and the settlement amount of your base auto or homeowner policy is exhausted. An umbrella policy can literally protect you from financial ruin in the worst case scenario. Although not for everyone, an umbrella policy, often called “excess liability insurance,” is recommended…

Best Family-Friendly Spring Break Destinations on a Budget

It’s time to dust off your luggage and pack up the family for a spring break getaway. Luckily, making great memories doesn’t need to break the bank. We’ve hunted down six of the best family-friendly spring break destinations to visit on a budget. We focused on locations boasting: availability of flights high-value lodging, and plenty of inexpensive family activities. Here are our top six picks for the best family-friendly spring break destinations to visit on a budget. Phoenix, Arizona Phoenix, Arizona checks all the boxes of a great family-friendly spring break destination. Warm weather and outdoor activities, including plenty of…

Four Steps to Make the Most of Open Enrollment

We’re headed into one of the busiest times of the year. Between buying the Thanksgiving turkey and shopping for holiday gifts, you’ll find selecting your employee benefits on your to-do list. It might be tempting to let your benefits plan from last year roll over into 2019. However, experts advise against the set-it-and-forever-forget-it model. Open enrollment is your golden opportunity to sign up for your 2019 benefits. Take time to review your current benefits plan and ensure you’re taking full advantage of what’s offered. Here are four steps to help you make the most of open enrollment. Step One: Outline…

4 Reasons to Choose Term Life Insurance

Term life insurance offers one of the simplest ways to protect your loved ones in the event of your passing. It can also provide peace of mind. Mortality cuts well beyond six feet and leaves a trail of expenses and heartache in its wake. Knowing life is short, and may be taken away at any moment, it reinforces the desire to care for loved ones. Term life insurance pays out a guaranteed benefit when you die during a specified period of time. Say, for example, you buy a 30-year term life insurance policy and die before the 30-year timeframe ends, your…

Life Insurance: A Long History of Helping in Times of Need

Life insurance. It is a concept that virtually everyone is familiar with, and more and more people are selecting either whole or term life insurance. But how did life insurance come to be? The roots of life insurance stretch back in time. Here is a look at the history of life insurance, as well as some other facts that might surprise you. Ancient Roots of Insurance Life insurance got its start in the 17th and 18th centuries. However, the roots of life insurance run much deeper. So deep, in fact, they can be traced to Ancient Rome. Romans created burial…

How Much Car Insurance Is Enough?

Accidents happen. In the blink of an eye. In a left-hand turn. Life can throw you a curveball. That’s what happened to Maggie. It was a few days before Thanksgiving. Her daughter was home from college. The two were out having a great morning catching up. Then, as Maggie turned out of a shopping center, her SUV hit an oncoming minivan and flipped it onto its side. The accident happened so fast. Maggie and her daughter are still unclear how it happened. Luckily, no serious injuries occurred. However, the passengers in the other vehicle sued for musculoskeletal and emotional damages.…

Is Life Insurance Through Work Enough?

Beyond salary or wage, your benefits package stands as one of the great perks of employment. Included in that benefits package, you may find group life insurance. For the first time since 1960, more people are enrolled in group life insurance plans than those with individual coverage. Group life insurance is a great low-cost or free benefit for employees. But does life insurance through work offer enough coverage for your circumstances? For many, life insurance through work would not adequately protect their families. According to Life Happens, many group life insurance plans cover one to two times your salary. In…

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