A Personal Finance Blog for Regular Folks
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.
[Read more…] about How to Figure Out How Much Life Insurance You Need
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.
[Read more…] about Find the Affordable Health Coverage You Need at eHealthInsurance.com – Review
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.
[Read more…] about What is a Health Savings Account?
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.
[Read more…] about How Much Life Insurance Should You Buy?
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.
[Read more…] about Term VS Whole Life Insurance – What Do The Numbers Show?
