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.
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?
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.
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.
With health costs rising, and with frustration over ever-higher health insurance premiums, it is little surprise that many are looking for alternatives to the types of health insurance plans we are used to. In an effort to provide more options for paying for health care, the Health Savings Account was signed into law in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act. It provides a way for consumers to set aside money for medical expenses, and provides a way for that money to grow tax free in an account that bears a striking resemblance to an IRA.
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.
As the owner of an independent health insurance agency and the founder of a website for comparing health insurance providers (http://www.healthinsuranceproviders.com) I often get asked, “What type of health insurance do YOU have?” Of course, no one health insurance company or health insurance plan is right for everyone because everyone has different needs, lives in a different area, etc… but I can certainly feel comfortable telling people that I personally have a Health Savings Account (HSA) and I absolutely love it!