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Stacking Life Insurance Policies With a Ladder Strategy to Save You up to 49%

Stack Life Insurance Policies Could Save You Up to 49%1 The Ladder Strategy: Precise Tailoring of Multiple Policies to Maximize Coverage When You Need it Most Term Life Insurance is a necessary purchase to ensure your family is protected in the event of a sudden loss of income. You know that already. But as you progress through your career, as your savings increase, your children grow and you reach retirement, your need for life insurance coverage may decrease. Stacking life insurance can help save you real money. The Life Insurance Ladder Strategy; The Right Amount of Protection for Now and Later. The Ladder Strategy allows you to stack multiple life insurance policies with level premium periods that expire at different times. Rather than purchasing a single large term life insurance policy, you buy multiple smaller policies with different level term lengths. This gives you the most coverage when you need it…

How Life Insurance Companies Choose Your Term Life Insurance Rate

Life insurance is a cornerstone of any solid personal financial plan, but to most people, there are many mysteries behind the scenes of life insurance. One of those mysteries is how insurance rates are determined. Understanding life insurance rates can help you navigate the many life insurance options and find a company that works with you to get the best rate possible. Understanding the different life insurance rates can help you quickly and easily navigate the many life insurance options available to you and to find a company that works closely with you to get the best rate possible. Insurance Policy Size When signing up for term life insurance, insurers offer a range of policy sizes. This is an important decision, but also has a direct impact on what you pay each month. As logic would have it, you pay more for a bigger policy than a smaller one. However,…

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.…

How to Lower Your Homeowners Insurance Premium

With all the airtime allotted to commercials touting auto insurance savings, it’s easy to lose sight of homeowners insurance. But despite the lack of PR, there are as many ways to save on your homeowner’s insurance as there are to save on your car insurance. Follow these four tips, and you could save hundreds of dollars a year on your homeowner’s insurance premium. Insure Your House Not Your Land Let’s say the market value of your house is $250,000. If you’re like most people, you’ll want to buy a homeowners insurance policy to cover that entire amount. But doing so could result in an unnecessarily high premium. Even if your house burned down or was completely destroyed in some other fashion, chances are the value of your land would not be affected. In fact, it might increase if a larger or more elaborate home were to be built on the…

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