This is a guest post from Hank Coleman.
Do you ever feel like you’re just throwing money away on life insurance? You could end up doing just that if you buy specialized coverage that you don’t really need. One way to save money on life insurance is to keep it simple and resist the temptation to [...]
Archive for the ‘Insurance’ Category
Four Types of Life Insurance That Are a Complete Waste of Money
Adjusting Our Life Insurance Coverage
About a year and a half ago, I wrote about how we decided on our life insurance needs. Recently, Neal mentioned that he has re-evaluated his own life insurance needs, and now we’re thinking about modifying our coverage as our circumstances have changed.
The fact that we’re expecting a baby this summer has encouraged us to [...]
Filed under: Insurance
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Divorce and Life Insurance: How to Secure Your Settlement
My wife and I are very happily married and have no plans on divorce. But I see clients who have to go through this process all the time. When they do, it’s a tough ordeal. I see people get taken advantage of for no good reason. Many times, the problem boils down to protecting the [...]
Filed under: Insurance
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Does Raising Your Car Insurance Deductible Save You Money?
This is a guest post from Hank Coleman.
When you write out the check for your 6-month car insurance premium, do you ever get the sinking feeling that once again you’re paying out a chunk of change you’ll never get back?
If you’re a safe driver with a clean record, you may be thinking about raising your [...]
Filed under: Automotive, Insurance
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Why I Bought More Life Insurance
Do yourself a favor and re-evaluate your life insurance needs every few years, or whenever there have been significant changes in your personal situation. You’ll sleep better at night, and so will your family.
I just updated my financial plan and realized that I need more life insurance. Even though I’m a financial planner, I was [...]
Filed under: Insurance
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Develop a Small Business Continuity Plan
A friend of mine has a very successful side business. In fact, he earns more on his side business than he does from his full-time job. The only problem is that if he were to get hit by a bus, his business (and the income he earns from it) would disappear. That means that the [...]
Filed under: Insurance, Self Employment, Working
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Do You Need Renter’s Insurance?
This is a guest post from Bailey Harris, who writes for the Home Insurance Blog. If you like what you see here, be sure to stop by and check it out.
Everyone knows that having an adequate insurance policy is a must for homeowners, but what if you rent? Many people overlook the value of a [...]
Filed under: Insurance, Real Estate
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Do You Need Mortgage Protection Insurance?
Have you ever thought about buying mortgage protection insurance? Do you even know what it is? My husband and I first heard about mortgage protection life insurance from our mortgage company. They’ve been sending out little sales pitches along with our mortgage statements.
I’m usually skeptical about programs and accounts advertised by banks, but on the [...]
Filed under: Insurance, Mortgages, Real Estate
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Do You Need Umbrella Insurance?
While surfing the web this past week, I came across an article on umbrella insurance and why some people should get it. I was curious, so I decided to look into it a bit more.
I don’t personally know of anyone who has an umbrella insurance policy, but then again I don’t go around asking people [...]
Filed under: Insurance
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Deciding If You Should Have a High Deductible Health Plan
As a followup to Wednesday’s article on whether or not you should use your employer’s HSA custodian, I wanted to talk a bit about deciding whether or not to switch to a high deductible health plan (HDHP). For me, the decision was based entirely on a quick cost/benefit calculation.
Consider the premiums
The most obvious benefit of [...]
Filed under: Insurance, Taxes
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