Risk Assessment

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The Risks of Not Having Enough Life Insurance

With all of life’s everyday expenses, it can be easy to let life insurance slip to the back burner. And it’s safe to say that most of the time, we’re focused on our day-to-day crises—which makes us less prepared for when something unexpected happens. Life insurance is a powerful and cost-effective means to protect you and your family’s future financial health, but many Americans will admit that they’re either underinsured or have no life insurance plan at all. According to a 2018 study, almost 40 percent of Americans claimed they don’t have any form of life insurance. Of those with no plan, nearly 64 percent cite finances as the reason they’re not life-insured. While it may seem like you’re saving money in the moment, it can cost you much more in the long run if you avoid paying for life insurance. It’s actually far less pricey than most people think.…

8 Ways to Catch up on Retirement Savings

It’s hard to believe that the year is more than half over and students will be headed back to school in just a few weeks. Now is an excellent time to ask yourself if you’re making progress with your retirement savings. Many Americans make the mistake of procrastinating when it comes to retirement planning. Some wait until their fifties or sixties to start saving, while others don’t ever save at all. The good news is that by taking some simple steps today, you can prepare for your future. Here are eight easy ways to get your retirement on track. Analyze Your Monthly Expenses Are you aware of how much you’re spending each month? Overspending can be detrimental to your retirement savings. Analyze your cash flows for the last several months and figure out where all of your money has been going. Reduce unnecessary expenses and consider automating contributions to a…

Life Insurance Tips, Part 2: Comparison Shop to Win

When you let SelectQuote shop for your life insurance, the highly-rated companies we represent compete for your business – just like the leading college basketball teams contend for the championship during March Madness. With the first game of the 2016 NCAA men’s basketball tournament coming up fast on March 15, March Madness is in full swish. In the spirit of the tournament (and because we love sports analogies), this four-part blog series will provide a play-by-play account of what it’s like to get life insurance through SelectQuote – from securing a quote to activating your policy. Comparison Shop to Win The teams that make it to March Madness earn their place through months of preparation and a string of big wins. That’s what makes the tournament so exciting – it’s a real head-to-head competition for the 68 teams that make the cut. The same principle applies to the life insurance companies represented…

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