Insurance

Disability insurance is extremely important for self-employed people, but they often neglect and misunderstand it. If you love working for yourself and want to stay in business, you should learn about this subject. If not, you might lose everything you worked so hard for. 

Figuring out your life insurance needs sounds trickier than it actually is. The important thing is first determine whether you need life insurance, which kind is best for you and carefully calculate how much you need.

All we have to do is be clear about what your situation is, what risk to mitigate and voila, you have your answer.

Sports metaphors and investing are natural pairs. A good way to look at portfolio management is the NCAA March Madness tournament, reaching its climax this weekend. As with basketball, you need to bet on the top-ranked contestants, but also be flexible since things change.

To take out a traditional life insurance policy, you often need to undergo some sort of physical medical exam. Fortunately, there is a way around this hassle.

Medical exams take up your precious time, and also delay the approval of your insurance policy. Depending on your age and the type of policy you want, you may meet with a nurse, have a full physical with a doctor or go through several types of tests, involving lab results.

A central provision of the Affordable Care Act – popularly known as Obamacare – are proposed health insurance exchanges that aim to make the market for insurance more competitive and cheaper. But how much can we expect this new plan to cost?

Every day, thousands of Americans find themselves in a difficult financial situation after receiving a dire medical diagnosis. Even those with health insurance are at risk of disaster in the aftermath of a medical emergency. It is imperative that you proactively shield yourself from this risk.

How much insurance do you need? A whole host of factors come into play when figuring this out. Here’s how to put them together to give you an idea what your policy should cover.

Some suggest using 10 times your take-home salary as a rough rule of thumb when determining life insurance. Like all such rules, this rough guide falls short in many situations. For some, 10 times one’s salary is too much, and for some it doesn’t suffice. You need to account for your family’s needs and liabilities when choosing a plan.

Putting away some money for sudden expenses is a good idea. But how much? Here’s how to figure that out.

If you are faced with unexpected expenses from a car accident, disability, storm damage to your home, losing a job, an ill family member or theft, your savings could take a big hit without an emergency fund in place.

Generally, a good place to start is a goal of at least three to six months of non-discretionary living expenses.

Finance training in schools seems like a good way to arm young people against investment scams and discourage unwise behavior like overspending. Alas, there’s reason to doubt that this education works. But on balance, teaching kids about finance remains a good idea.

Unscrupulous hucksters are taking advantage of debtors holding with big student loans. They using the unease over the debt burdens to scare people into making bad financial decisions, like taking out life insurance to pay their obligation in case they die.

Student loan debt in America is already more than $1 trillion, and rapidly climbing. According to FinAid, total student loan debt grows by $2,853.88 per second, or over $10 million per hour.