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Why Life Insurance Is so Important

We’re excited to announce that September is Life Insurance Awareness Month. Each September, SelectQuote, along with insurance companies across the country, partners with nonprofit organization Life Happens in an industry-wide campaign to educate Americans about the critical importance of life insurance. Over 70 insurance organizations are participating this year. So let’s get right down to it and why life insurance is so important? There are six common reasons people choose to purchase life insurance. We’ll dive into each of them shortly. As you’re reading, think about how many of these reasons apply to you. Understand that purchasing life insurance is a personal decision and everyone’s needs are different. Even if you don’t need life insurance right now, it’s helpful to understand when and why you may benefit from it in the future. Dependents If you’re a parent, you worry about your kids because you love them so much. Not only do…

5 Financial Planning Tips for Newlyweds

Wedding season is in full bloom, which means a fresh crop of newlyweds will be spending the summer adjusting to married life. When the honeymoon’s over and you come back down to earth, the first order of business is to get your finances in line. Even if you had all your ducks in a row when you were single, sharing a household with your spouse requires discussion, planning and changes – sometimes a lot of changes – to your financial portfolio. Not sure where to start? Here are five financial planning tips for newlyweds that will make your transition to married life a piece of (wedding) cake. Lay All Your Cards on the Table Get the ball rolling by presenting your financial documents to each other. First, tally up all your assets. These might include your savings, checking and retirement accounts as well as any real estate holdings or collectibles.…

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