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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 some cases, it covers a set amount such as $25,000 or $50,000. That sounds like a large dollar figure, right? However, when you start to break down how you would want those funds used, you may find the amount lacking. How Much Life Insurance Do You Need? People commonly use…

What’s the Price Tag on Tournament Time?

Tournament time. It’s all about college basketball. Waving your team’s colors, watching a few games with friends—that sort of thing. That’s all true, but it is also about a mad amount of money. About half of Americans’ overall sports spending goes to the costs of attending actual games—that’s half of $100 billion, by the way. The rest goes to various other aspects of our love for sports, some of which may make you want to consider some insurance (others may make you want to REALLY want consider some insurance). Part of that sporting events spending this year will be the money people shell out for a seat at one of the 67 March Madness basketball games. The average price for a tournament game seat is in the hundreds of dollars, and that’s just at retail, where all-session passes to the 2017 Final Four went as high as $9,600 for prime…

What Effects Life Expectancy: Factors to Consider

Morbid curiosity aside, there’s a strong case for wanting to know your life expectancy. Estimating how long you’ll live can help you make better financial decisions, especially when it comes to life insurance, social security, annuities, and pensions. Factors affecting life expectancy range from health and lifestyle choices to family medical history and genetics. Answering these five questions will give you a sense of how long you’re likely to live. Do You Have a Family History of Heart Disease, Cancer or Diabetes?  Not only are these medical conditions hereditary, they can shave years off your life expectancy. If your answer to this question is yes, be as proactive as possible. Get screened regularly for the types of cancer that run in your family. To lower your chances of developing heart disease, keep an eye on your cholesterol level, avoid fatty foods, and don’t smoke. To fend off diabetes, avoid eating…

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