The old phrase “you get what you pay for” really does ring true in some cases. There are some cases where quality is far more important than price. Would you consider discount brain surgery? Probably not… and if you would, we suspect it might be repeat business.
Medicine warrants a whole category of areas where
Life Insurance
A poor credit score makes your financial life difficult in a number of ways. You receive poorer interest rates and terms on credit cards, it’s harder to qualify for mortgages, and, “When it comes time to get insurance, maybe your insurance premiums will be a little more expensive because you have a low credit score,”
Life Insurance isn’t for you – it’s for those you leave behind. Without sufficient insurance, your family may endure financial hardships on top of the shock and grief caused by your passing.
According to a recent survey from the online life insurance start-up Bestow, many people aren’t convinced enough of the benefits of life insurance
In a previous article, I covered the topic of life insurance quoting, rate classes, and approvals. The point was to make note of the fact that you, like most consumers looking for life insurance, may see quote info and take that as conclusive pricing – before underwriting has had a chance to assess your application
When using the Life Insurance Quote Comparison Tool on MoneyTips, you can see multiple carriers and rates. Daily, we receive new applications for life insurance through this channel. When I see a new application, I know that an intelligent person has made a choice to get coverage, and that they likely did some investigating before
Many of you have put our online Life Insurance Quote Comparison Tool to the test and found that you can easily get life insurance quotes and find the best coverage available. When you are considering how much life insurance to buy, there could be a moment when you pause and try to wrap your head
Coming into a new year seems to compel us to look back and to look forward. How was your 2017? What do you expect from your 2018? While we can’t change the things that are now in our rear view, we do get to envision and create what is in our forward view. As a
Everywhere you look, you see announcements, signs, banners, and flashing lights promoting a momentary lowering of the cost for just about everything. Everything, except for life insurance, that is. As I was researching this topic, I took a moment to Google “life insurance sale” to see what would come up. Here is what I found
When it comes to life insurance, there are so many different options and “flavors” that deciding which type of policy is right for you can be difficult and confusing. Not to complicate matters even more, but there is one type of insurance that you might want to add to the flavor mix if you are
Have you ever purchased a product, decided after a few days that you didn’t like it, and promptly returned it? Most of us have – but did you know that you could essentially do the same thing with most life insurance policies?
Most insurance policies have a “free look period” that allows you to reconsider
Life is good. You have a stable job, a home, and a growing family. You are managing your finances well and using credit properly. You only have one more thing to take care of – a life insurance policy so that your family is covered in the event of your death.
Nobody enjoys thinking about
Do you have life insurance? Good. That brings up the question, could you have multiple life insurance policies? More importantly, should you?
When Kathleen, a member of the MoneyTips community, asked
this question, many of our financial professionals weighed in from coast to coast.
Gordon Kushnick, an Insurance Agent in Seattle, Washington, puts
Applying for life insurance is not most people’s idea of a good time, especially when it comes to the required medical exam. Thanks to new advances in the insurance industry, you may be able to get insurance without having to be probed or prodded at all.
Says Kirby Thomas, Customer Service Lead at LifeInsuranceToday.US, “The
Life can get hectic fast and people can easily allow certain tasks to fall through the cracks. Unfortunately, sometimes we never remember to complete those tasks — or even what those tasks were — and it can end up costing you your hard-earned money.
For example, you may forget to leave a forwarding address with
One of the biggest things I learned
in the military long ago was that proper prior planning prevents pitifully poor
performance. I am astonished at the number of otherwise seemingly intelligent
adults who do not have
some amount of insurance,
even if only enough to prevent placing the financial burden of paying for their
It is time for year-end reviews. Is your insurance coverage included on the review list? If not, it should be. Use this insurance checklist as a starting point to review your policies and address any gaps in your coverage, as well as potential cost savings.
Homeowner’s Insurance Change in Value – If your house has
Life insurance has grown in complexity over the years and, as a result, life insurance taxation issues have become equally complex. While you should consult with a tax professional to verify the tax status of any life insurance payout you receive, we can give you some general rules and guidelines to consider.
Pre-Tax or Post-Tax
Disaster planning is a critical exercise for most businesses. The idea is to devise contingency plans for the continued ongoing operation of the company in the event of a major storm, fire, terrorist attack or other natural or man-made disaster.
In the same way, individuals should do some financial disaster planning so they can be
Shopping for life insurance can be confusing if you are not familiar with the terms, and it is not the easiest thing to do even if you are familiar with the lingo. A life insurance agent should be able to explain policies and terms to you in an understandable fashion, and help you to explore
For most kinds of insurance, you have an option of buying through a broker or insurance agent, or buying directly from an insurance carrier. Younger, tech-savvy purchasers have been attracted to the convenience of direct online insurance shopping, but there is still room in the market for your friendly local insurance agent.
If you are
Your kids are growing fast. Before you know it, they will be entering college and looking to you for financial support. Because of the spiraling costs, it is even more important to start your college savings plans and contributions as early as possible.
State 529 plans have become one of the most popular methods for
For most people, the death of a spouse is the most traumatic event imaginable. Nevertheless, as bad as the emotional trauma can be, the financial trauma is often equivalent — and can last for much longer — if widows and widowers do not take the right financial steps in the immediate aftermath of their spouse’s
An Irrevocable Life Insurance Trust (ILIT) is a trust set up to hold ownership of your life insurance policies. There are three primary reasons why an ILIT might be right for you.
Avoiding Estate Taxes – Unless you take steps to prevent it, the proceeds of your life insurance policies are included as part of
Insurance products can be difficult to decipher for those outside the industry, even for the financially savvy. A recent survey commissioned by MoneyTips echoes those results, finding that approximately half the respondents were confused when trying to find the right insurance products to fit their needs.
The survey found that about half of middle-income respondents
Insurance is a useful tool to cover risks, if applied wisely. If not, then it is the equivalent of throwing your money away. Even worse than throwing your money away, these frivolous insurance policies can leave you with a false sense of security.
Less useful policies tend to offer very narrow single-purpose coverage, overlap with