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Back Up Your Words With Life Insurance

We all say certain phrases that become part of who we are. And even if they aren’t hashtag-worthy, others are listening. The meaningful words we use to talk about loved ones and our passions provide a glimpse into who we are and what we value most. But you’ve probably also heard the saying, actions speak louder than words – right? It’s important to stop and consider what we say and whether our actions are aligned with our words. Life insurance is one way to back up what we say about who matters most and what we feel is important. Let’s take a closer look. Marrying My Best Friend You knew each other for years before you realized you were meant to be together. Now you’re living in your dream home and you have plans for a wonderful future. And you proudly announce to anyone who will listen you married your best…

5 Things to Consider Before Taking a “Babymoon”

You’ve heard of a “babymoon” – it’s like a honeymoon, only instead of taking place after one of the most important days of your life (your wedding), it takes place before one of the most important days of your life – the arrival of your child. These days, it can feel like taking a babymoon is almost a prerequisite to bringing home baby. Your family members, friends and coworkers relay tales of their own blissful time spent in paradise: sipping mocktails, feeling baby kicks and savoring their final days as a duo. Or simply staying home to relax before your life changes forever. You have to admit, it sounds pretty nice. A babymoon can be a wonderful way to unwind and connect with your partner before an 8-lb bundle of joy wreaks (temporary) havoc on your peaceful home life. But babies are expensive. And so is traveling. Is a babymoon…

College and Insurance: Insurance Entrance Exam for Kids on College Campuses

If you have a child living away at college, you’ve probably been through an extensive checklist in getting him or her prepared and moved to campus for the fall semester. Amid the flurry of planning and packing, have you thought about college and insurance? Although still your dependent, your child living away from home may have additional insurance needs to protect their belongings and their well-being. Consider these areas: Auto Insurance Fewer than half of college students have cars on campus, so if your child doesn’t have wheels, let your carrier know. Your student may be eligible for a “distant driver” discount, especially if the college is more than 100 miles from home. The discount may be as high as 20 percent. Keep your child on your auto insurance policy so coverage continues during school breaks and visits home. If your child does have a car on campus, report this…

Paper or Digital – Organizing Your Finances in a Way That Works

Paper or Digital? Everything is going digital. Tapes, CDs, disks and paper are being replaced with bits and bytes of data often stored in a virtual cloud. Depending on your background, the digital world may be a mysterious and uncomfortable place. Let’s take an objective look at the pros and cons of going digital versus using paper to organize your personal finances. Paper Statements: Tried and True or Time to Go? Paper is the default method for managing and organizing your finances. Online banking in the United States started in the 1980s, but electronic statements and digital financial management did not become mainstream until more than a decade later when home internet use became commonplace. Thanks to its long history, paper statements still remain popular with many banking customers today. According to a poll from CreditCards.com, 54 percent of adults still get paper bank or credit card statements by mail.…

Which College Degrees Produce Higher Pay?

If you’ve been in the workforce for a few years or even a couple of decades, you may be thinking about going back to college to earn an advanced degree. Many people gravitate toward the MBA degree, but it’s not your only option. The Science of Advanced Degrees Careers in the STEM fields (science, technology, engineering and math) are a hot trend and offer high pay, low unemployment and growth potential. STEM careers include jobs in labs, clinics, offices and classrooms. While education has an intrinsic value, if you are seriously considering graduate school, you may want to project your return on investment. Graduate school is expensive and takes a huge commitment in terms of time and energy. Students pay between $30,000 and $120,000 for a master’s degree, depending on the university and the degree program itself. So what’s it worth to have that advanced diploma? A master’s degree in…

Ride On Insurance – 6 Bicycle Safety Tips

If you’re looking to get fit, slim down, or increase your cardiovascular health, there are few better activities like cycling. It’s easy on your joints, builds muscle, can help you stay lean and improves your balance. One Good Turn Deserves Another A 2000 study found people who regularly ride a bike for an hour a day have an 18 percent lower risk of death than people who never ride. Those who ride for at least an hour and a half have a 28 percent lower risk of death. Much of this reduced mortality may be owed to the lower incidence of heart disease this intensely cardiovascular activity provides. A study of more than 23,000 cyclists showed an 18 percent lower rate of heart disease compared to non-cyclists. The mental benefits of cycling rival the physical. It can reduce anxiety and stress, boost confidence, make you happier, and help you sleep…

Happy 100th Birthday – Outliving Your Life Insurance

You don’t expect to be in your 90s and worried about your life insurance policy. When you chose to take out a permanent policy, you expected it to be … permanent. Term Life Insurance and Whole Life Insurance  Term life insurance provides coverage for a certain time period (usually 10, 20 or 30 years) and is designed to protect your dependents financially in case you die while they’re still reliant on your income – to pay the mortgage, childcare or other essential bills. And permanent (or ‘whole’) insurance is designed to outlast all that. When you take out a term policy, you choose a payout amount (otherwise known as a death benefit) and pay a monthly premium. In most cases, both the premium and the benefit remain unchanged during the “term” of the policy. It’s usually fairly inexpensive because most people don’t ever use it. They live longer than their…

Tackling the Tailgate Party with a Money-wise Strategy

Football season is finally here. In most of the country, these first few weeks of the season brings great fall weather, which means your tailgating game needs to be in top form. If you’re the type to roll into the stadium lot with a 30-foot RV with 60-inch flat screens and a giant smoker towing behind it, this post may not be for you. For the rest of us, here’s how to throw a great tailgate party without breaking the bank. Pregame Like any victory, saving money on the tailgate begins with the right game plan. Think about covering every facet of the game: offense (beverages), defense (food) and special teams (everything else). Doing this well ahead of gameday will save you from scrambling at the last minute and committing a major cash turnover. Offense For many, this tailgate party begins and ends with adult beverages. Sure, three kinds of…

How to Be a Record-Keeping Rock Star

Keeping track of old tax returns and sorting through receipts may sound about as exciting as organizing your sock drawer. There’s no immediate payoff to most financial record keeping, so it’s easy to put it off until another day. Or another year. Plus, record keeping is a chore that can feel even more confusing and time-consuming now that so much information is stored electronically. Raise the Stakes Imagine a new reality TV show where you can win big cash and prizes if you can produce financial and personal documents.   The prize patrol has knocked at your door without warning. They want to see seven years of tax returns, the receipts documenting deductions on those returns, investment statements for your 401(k) or IRA for the past three years, receipts for the computer and new fridge you bought last year, your last three paystubs and bank statements for the past 12…

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