From the category archives:

Life Insurance

Life insurance tips for tightwads

Unless you've gotten life insurance quotes lately, the cost of coverage is probably less than you think.

Most Americans overestimate the price of life insurance by almost three times, according to recent research by the LIFE Foundation and LIMRA, a global research and consulting group. The average cost of a $250,000 level-premium term life policy for a healthy 30-year-old is $150 a year. On average, surveyed consumers guessed the annual cost at $400.

by Barbara Marquand

The 12 Types of Life Insurance: A Complete Guide

Choosing life insurance can be made a little more difficult due to the different options that you have. In order to help you get a better idea of your options, here is a guide to types of life insurance you might run into, divided into classifications of term and permanent. It is important to note [...]

by Miranda Marquit

A Buyer's Guide to Avoiding Life Insurance Fraud

With the opportunity to purchase insurance online, as well as a proliferation of insurance agents, it can be difficult to determine which agents are legitimate, and which are out to scam you. Even if you work with an insurance agent with the proper paperwork, it's not always enough to protect you from life insurance scams. [...]

by Miranda Marquit

10 Ways to Avoid Getting Scammed by Your Life Insurance

Life insurance is a great way to make sure your family is provided for in the event of your death, but you need to be careful. There are a number of life insurance scams, as well as insurance agents and companies happy to sell you something you don't need. Here are 10 steps you can [...]

by Miranda Marquit

America's Ten Most Dangerous Jobs

Most people don't think of their jobs as something that could kill them. However, some jobs are more dangerous than others. When you work in certain professions, you could run the risk of death almost every day. The Bureau of Labor Statistics compiles information about the jobs we do, and this includes identifying the most dangerous [...]

by Miranda Marquit

Is Whole Life Insurance Really a Good Investment?

One of the claims you hear from insurance salespeople is that life insurance is an investment. Since a whole life policy builds cash, if you live past the age you feel you need life insurance, you can turn it in to the insurance company, or you can get a life settlement, and walk away with [...]

by Miranda Marquit

How Much Life Insurance Do You Really Need?

Life insurance is part of good family financial planning—it insures a basic level of income for your family to live on if you should die. However, the amount of life insurance you need isn't always cut and dry. There are numerous rules of thumb, including the famous advice that you should carry 10 times your [...]

by Miranda Marquit

The 8 Biggest Mistakes People Make When Choosing Life Insurance

You know that a responsible financial plan includes life insurance if you have dependents relying on your income. A life insurance policy is important if you want to protect your family's financial situation in the event of your death. However, before you commit yourself to a policy, consider these 8 pitfalls associated with life insurance: 1. [...]

by Miranda Marquit

How to Know When You Have Too Much (or Too Little) Life Insurance

Image source: Rob Lee One of the best things you can do for your family is to have adequate life insurance so that your loved ones are provided for if you should pass. This is especially important if you have a spouse and/or children that rely on your income. However, in spite of what many life [...]

by Miranda Marquit

5 Life Insurance Myths That Can Cost You a Pretty Penny

Life insurance is meant to help your survivors cover their costs in the event of your death. If you have dependents, or if you're planning on starting a family, it's probably a good idea to purchase a life insurance policy so that your loved ones are taken care of financially after you pass. When you buy [...]

by Miranda Marquit