Life Insurance and Reverse Mortgage Strategy
Life insurance is an essential part of the financial plan of every individual. And it is particularly important if you have others depending on you, such as your spouse and children. For example, if you are the primary breadwinner in your house, you should have enough insurance to (at the very least) replace your income…
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How to Keep Control of Commercial Auto Insurance Costs
Commercial auto rates have risen sharply in recent years. The primary reasons for the rate increases are rising claims, soft pricing, and skyrocketing jury awards. The Insurance Journal reports that the commercial auto sector has evolved into a “chronically underperforming product segment”, paying out an average of $1.06 for every $1.00 collected in premiums over…
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Cyber Liability Insurance: Who Needs It and Why
Cyber criminals are all over the Internet these days. And many of them are heavily financed and backed by large criminal organizations or even national governments. In fact, there has been extensive speculation over the past several months about the Russian government attempting to hack the U.S. presidential election. Many major corporations have also suffered…
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How to Pay for Both Long-Term Care and Life Insurance
Life expectancies of Americans continue to rise. More and more people are living well into their 80s, 90s, and even crossing the century barrier. The one major downside to longer lifespans is deteriorating health as you age, and the increased likelihood that you may require long-term care. Long-term care insurance was created to address the…
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Do You Have Enough Disability Insurance to Pay Your Mortgage
Most workers depend on their paychecks to cover their mortgage, pay other household bills, and put food on the table. This means if you become disabled and are no longer able to work, you need some type of backup plan to keep your head above water. Many companies provide disability insurance to their employees, but…
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