Strategies & tactics to get ahead financially & in life
No one likes to pay for insurance. No one likes to use insurance (because it usually means something bad happened).
But we all need it.
This category covers the different types of insurance policies you might need, how to think about where they fit in your world, and making sure you are fully insured.
Medical bills account for a significant percentage of bankruptcies in the United States. The Kaiser Family Foundation found that, in 2015, medical bills forced a million adults to file for bankruptcy. 25% of Americans ages 18-64 have reported problems paying medical bills. Only 7% say there has been no impact. While we can’t prevent medical […]
While there’s a lot of discussion about health insurance these days, another type of insurance that’s becoming increasingly important is long-term care insurance. Many may wonder if they need to buy long-term care insurance. Let’s look at the facts, then consider the options. Why You May Need Long-term Care Insurance Ironically, one of the reasons […]
While some insurance is mandatory, the majority of insurance isn’t. But even the elective insurances can still be a good idea. Often times, Insurance buys peace of mind and you may want to consider insurance even when it’s not a “must have.” For example, Our pet beagle Tobey died a few years ago. Our daughter, […]
Everyone knows about health insurance, car insurance, and life insurance; and for the most part, we think that’s all the coverage we need. What if I told you that there are several types of insurance you need that you don’t know about, and they are just as critical to have as the insurance you do […]
Let’s face it, shopping for a home warranty probably ranks somewhere between an annual medical checkup and filing your taxes. And even after you decide, how do you know which are the best home warranty companies to deal with? While there are better things to do with your time, a good warranty can save you […]
One of Jim’s friends recently bought a house and the purchase included a home warranty (they usually transfer on a home sale). I don’t know the specifics of the home warranty but he explained that it covered “everything.” I suppose the price of it was baked into the price of the home but to him […]
Did you know that the average American has a one-in-four chance of becoming disabled before retiring? That’s the grim news from the Social Security Administration. Yet disability insurance is one of the most overlooked types of insurance coverage there is. Sure, there’s permanent disability provided by Social Security. But that can take many months to […]
When I met with our financial advisor, one of the first things she suggested was to get term life insurance… not whole life insurance. Term. She also suggested I get them from different insurance companies. What’s funny is that it was the same advice I once received from our business accountant. It was one of […]
They say that you feel invincible when you’re young. When I was in my twenties, I didn’t feel invincible. I just never considered seemingly random medical problems that would happen to me. None of my friends experienced them. Then, around the age of 30, several of them tore ACLs or their Achilles. Some did it […]
No one enjoys buying life insurance, let alone researching which company to buy it from. But with the internet, finding the best life insurance company (especially one that lets you apply quickly online) is easier than ever. Like just about every other financial product, the life insurance industry has gone digital. You can now buy […]