Is a Home Security System Worth the Expense?

Home security system

I have a friend whose husband travels frequently for work.  After one of these trips, she mentioned how poorly she had slept because she had been listening for intruders.  I knew that she had a home security system, so I asked the obvious, “Didn’t the security system make you feel better?”

“I don’t use that!” she said in a voice filled with disdain.  “I don’t want to pay $30 a month for that!”  (She and her husband bought the house about five years ago, and the system was already installed.)

I bit my tongue from saying more, but by not using the security system she already has, I think she is making a big mistake.  People have the tendency to think they are safe in their homes and that other people’s houses get broken into, not theirs.  However, it only takes one incident to shake this view.  Still, many want to know — Is a home security system worth the expense? Continue Reading

What is Private Mortgage Insurance and Why do you Need it?

Private mortgage insurance (PMI) is an insurance policy required by a lender that a borrower must purchase if the borrower has less than 20 percent or more in down payment when purchasing a home. The lender is in a safe position against default when the lender’s investment is 80 percent or less of the home value.  Private mortgage insurance is included in the monthly mortgage payments.

How does the borrower benefit from private mortgage insurance?

Continue Reading

How to Figure Out How Much Life Insurance You Need

One of the biggest questions many have when it comes to financial planning has to do with how much life insurance they need.

There are some rules of thumb, such as getting seven times or 10 times your yearly salary in coverage, but, really, how much life insurance you need comes down to your personal financial situation, and what you hope your life insurance will accomplish.

Why Are You Getting Life Insurance?

Continue Reading

Find the Affordable Health Coverage You Need at eHealthInsurance.com – Review

eHealthInsurance_homepage

Health Insurance is critical- whether you are an individual or have a family; you need a way to cover both preventative medical care and emergency care.

Many employers are reducing or cutting health insurance benefits, leaving people with the need to find their own insurance options.  For a wide variety of affordable health insurance options for both individuals and families, consider checking a free quote at eHealthInsurance.com.

Get Quotes. Compare Plans. Apply Online.eHealthInsurance is the largest online resource for health insurance, offering the ability to compare the basics of a variety of health plans.  One of the best things about the eHealthInsurance website is you can receive live quotes, complete your application online and be approved in just minutes.
Continue Reading

How Much Life Insurance Should You Buy?

Calculating Money

How to get the right life insurance amount

Maybe you know you need life insurance, but all you get is the policy through your employer because it seemed cheap.  Maybe it is cheap, but is it adequate?

Since you’re thinking about life insurance anyway, you might as well make sure your family has the right amount of coverage.  Insurance is all about displacing risks, so your fist job is to figure out why you need life insurance.

Seriously, let’s pretend I just asked the question, “why do you need life insurance, anyway?”  What would you tell me? Write it down on a scratch piece of paper.
Continue Reading

Term VS Whole Life Insurance – What Do The Numbers Show?

Number Crunching

Glen, just wrote a great article discussing the differences between Term and Permanent Life Insurance, and to my amazement he was very fair when it came to permanent life insurance.  Most financial bloggers aren’t as partial, and spout (without ever running numbers) the standard “buy term and invest the difference” kool aid.

So I asked Glen for the opportunity to actually run the numbers between term and permanent life insurance.
Continue Reading

Free Newsletter to Keep you Free From Broke!Name: Email: We respect your email privacyPowered by AWeber email marketing