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Personal Finance 2021-03-04T17:34:09Z
RentersInsWaterDamage

Renters insurance usually covers water damage — see how to file a claim

Water damage is covered under renters insurance, but only if it's related to a covered event in your policy.
Personal Finance 2021-03-04T15:36:38Z
traffic cars intersection

The best affordable car insurance companies for 2021

To find the best cheap car insurance, you'll need to get quotes from multiple companies and compare them. But here are a few good places to start.
Personal Finance 2021-03-04T15:34:41Z
Best life insurance companies 4x3

The best life insurance companies of 2021

The best life insurance companies of 2021 are Northwestern Mutual, State Farm, Guardian, New York Life, and Nationwide. Learn more about why.
Personal Finance 2021-03-04T15:33:32Z

The best homeowners insurance companies of 2021

The five best companies for homeowners insurance are: USAA, Amica Mutual, Auto-owners, State Farm, and Erie Insurance.
Personal Finance 2021-03-02T22:39:36Z

Homeowners insurance usually covers water damage, but there are some exceptions

Water damage is covered under standard homeowners insurance, but flood and sewer line coverage requires additional coverage.
Personal Finance 2021-03-02T19:03:21Z

Watching my friends lose their apartment to a flood showed me that paying $24 a month for renters insurance is a bargain

When her friends' apartment flooded, their renters insurance covered a hotel room where they stayed until they found a new place to live.
Personal Finance 2021-03-01T22:37:45Z

The 3 experts you should talk to before buying life insurance

Life insurance is the foundation of a good financial plan. For maximum coverage, talk to a financial advisor, accountant, and estates attorney.
Personal Finance 2021-02-26T21:59:05Z

7 reasons why you could end up with multiple life insurance policies

Life insurance needs change as you age, marry, divorce, or start a business. It's not uncommon to have multiple life insurance policies.
Personal Finance 2021-02-25T16:08:27Z

My work provides more than enough life insurance for me, but I know that's not usually the case

As a healthy person in his late 20s with no kids, he doesn't see a reason to buy more life insurance than what he gets through work.
Personal Finance 2021-02-24T19:51:59Z

Coronavirus relief programs in Florida, from rent relief to financial counseling

If you're from Florida and are struggling to make ends meet during the COVID-19 pandemic, we've compiled a list of resources available to you.
Personal Finance 2021-02-23T16:47:29Z

Coronavirus relief programs in California, from food assistance to healthcare coverage

If you're a Californian who is experiencing financial hardship as a result of the COVID-19 pandemic, you have resources available to help you.
Personal Finance 2021-02-22T22:21:31Z

Most Americans will need assisted living or other care, and a hybrid insurance policy can help cover the cost

Most Americans will need some type of care as they age, but long-term care insurance is expensive. Another option is hybrid long-term care insurance.
Personal Finance 2021-02-22T16:37:57Z

How life insurance can build wealth in the Hispanic community, according to a financial planner

According to financial planner Silvia Tergas, education about life insurance (and adequate resources) can help close the wealth gap.
Personal Finance 2021-02-19T21:58:09Z

'My work plan is enough' and 5 other myths about life insurance that could cost you later

We address common myths about life insurance and its uses. It's important to speak to an expert who understands how life insurance can build wealth.
Personal Finance 2021-02-18T20:03:12Z

Why accidental death and dismemberment coverage usually isn't enough life insurance on its own

Accidental death and dismemberment insurance only offers coverage if death or injury is a direct result of an accident.
Personal Finance 2021-02-17T19:27:56Z

Decreasing term life insurance could make sense to secure a loan, but it's not the best choice for most people

Decreasing term life insurance is used with mortgages and loans. The death benefit decreases as the debt decreases.
Personal Finance 2021-02-16T21:10:30Z

Cash value life insurance policies can help build wealth, and they can even function as loans

Permanent life insurance has a cash value component that helps build wealth over time. You can even borrow against it during your lifetime.
Personal Finance 2021-02-15T13:45:00Z

Universal life insurance lasts forever and can help build wealth, but it's more expensive than term

Universal life is a permanent life insurance product that never expires, with cash value and the flexibility to change the death benefit.
Personal Finance 2021-02-12T17:15:36Z

Coronavirus relief programs in New York, from unemployment to rent relief

There are many opportunities available for New Yorkers grappling with the impact of the COVID-19 pandemic, including food banks and rent relief.
Personal Finance 2021-02-11T19:18:32Z

Most people need about 10 times their salary in life insurance, but a financial advisor can find the right number for you

Use life insurance calculators and talk to a financial advisor to figure out how much life insurance you need. Many people don't have enough.
Personal Finance 2021-02-10T21:55:47Z

5 questions about life insurance you need to ask before getting married

Money tends to be a source of contention for couples. Before getting married, discuss your personal finances — especially life insurance coverage.
Personal Finance 2021-02-09T20:57:09Z

Even if you have life insurance, funeral insurance is a good supplemental policy — especially if beneficiaries are relying on you

Even if you already have life insurance, additional burial and funeral insurance policy may help ease your funeral arrangements for your loved ones.
Personal Finance 2021-02-09T19:26:41Z

Why homeowners insurance isn't enough if you're buying expensive jewelry — and what you can do instead

Make sure you have enough coverage for your jewelry, either under your homeowners or renters insurance, or through a standalone jewelry policy.
Personal Finance 2021-02-09T15:05:13Z

A new rule requires hospitals to post prices online, and it could help you make better budgeting decisions

Hospitals must publish prices for routine services on their websites, and health insurance companies will soon show out-of-pocket estimates.
Personal Finance 2021-02-07T14:50:00Z

3 reasons financial planners recommend getting life insurance sooner rather than later

Life insurance offers instant peace of mind and flexibility to change your coverage as your life changes, so there's really no need to wait to get it.
Personal Finance 2021-02-05T22:15:47Z

Indexed universal life insurance lasts forever, and it can grow value over time through stocks and options

Indexed universal life insurance never expires. Its cash value is invested in indexed stocks and options, which comes with some risk.
Personal Finance 2021-02-05T19:57:23Z

The average cost of renters insurance

The average cost of renter's insurance is about $15 per month, but how much renters insurance could cost varies by your location and coverage amount.
Personal Finance 2021-02-05T16:48:03Z

Variable life insurance lasts forever, and it grows value by investing in the stock market

Variable life insurance never expires. Its cash value is invested in the stock market, which brings both more risk and more potential to build wealth.
Personal Finance 2021-02-04T20:32:44Z

The average life insurance rate by age, sex, and coverage type

The average cost of a life insurance policy is between $40 and $55 per month, but costs vary based on insurance type and your health history.
Personal Finance 2021-02-03T21:14:02Z

7 things to know before your life insurance medical exam

Traditional life insurance applications require a medical exam with a blood and urine test. Here's what to expect.
Personal Finance 2021-02-02T22:15:47Z

Mortgage protection insurance covers home loan payments if you die, but regular life insurance could be better

Mortgage protection insurance is a term life insurance product. It may be better just to have term life insurance.
Personal Finance 2021-02-01T23:00:10Z

There are 3 main types of permanent life insurance, and they each grow value differently

There are three main permanent life insurance products: whole, universal, and variable. Others are hybrids of the main three.
Personal Finance 2021-01-29T22:16:23Z

You can buy insurance on someone else, but being family isn't enough to qualify

You can get life insurance on a spouse, business partner, parent, or grandchild if you have an insurable interest and their permission.
Personal Finance 2021-01-28T22:39:51Z

You can take a loan on life insurance, but only with certain policies

Permanent life insurance policies have cash value that you can borrow against, but if you don't pay it back you decrease the death benefit.
Personal Finance 2021-01-28T22:37:48Z

Term life insurance is cheaper than a permanent policy, but it doesn't include a cash value

There's no cash value with term life insurance, making it more affordable than permanent life insurance.
Personal Finance 2021-01-27T22:35:18Z

Cash surrender value is the money you'll receive if you cancel permanent life insurance, and there are tax implications

If you cancel a permanent life insurance policy, you receive the cash value minus any outstanding fees. This is known as cash surrender value.
Personal Finance 2021-01-27T16:42:03Z

Why you should consider flood insurance, even if you don't live in a high-risk area

Climate change has increased flooding to homes not located in flood zones, but most homeowners don't have flood insurance.
Personal Finance 2021-01-25T22:04:57Z

Most life insurance policies require a urine test, and it can lower the premiums you'll pay

Life insurance premiums are determined by your health risk based on your medical exam. This exam includes both a urine and blood test.
Personal Finance 2021-01-24T14:18:00Z

3 uncomfortable truths about life insurance that will inspire you to get coverage sooner rather than later

Life insurance isn't something many people want to think about, but the alternative could mean leaving your family in a bad spot financially.
Personal Finance 2021-01-22T22:24:46Z

Converting term life insurance to permanent gives you coverage that never expires, but not all policies are eligible

Term life insurance expires, but you can convert your term policy to permanent life insurance that never expires and earns cash value.
Personal Finance 2021-01-21T22:12:46Z

A 'return of premium' rider offers a refund if you outlive your term life insurance policy, but it will cost you extra

Term life insurance expires after a certain period. If you outlive a term policy, you don't get money back unless you have a return of premium rider.
Personal Finance 2021-01-21T18:59:55Z

Married couples have two options when it comes to life insurance: joint or separate policies

Couples can choose either individual or joint life insurance. The best option depends on your needs and goals for the future.
Personal Finance 2021-01-20T21:51:56Z

Survivorship life insurance is a joint policy for couples, and it could make sense if there's an age gap or health issues

Survivorship life insurance for couples doesn't pay death benefits until both people die. It can also help lower estate taxes for beneficiaries.
Personal Finance 2021-01-19T22:30:07Z

Joint life insurance provides coverage for married couples or business partners, but it's not always the best option

Joint life is a life insurance product for couples and business partners that can help lower the estate and inheritance taxes for beneficiaries.
Personal Finance 2021-01-18T16:18:00Z

5 steps to make sure you have enough homeowners insurance coverage

Homeowners insurance claims increase in the winter due to the weather. Weatherproof your home and make sure you have the coverage you need.
Personal Finance 2021-01-16T15:48:00Z

A medical exam is part of the life insurance underwriting process, and it can lower the premiums you'll pay

Life insurance premiums are determined by your health risk based on your medical exam during the underwriting process.
Personal Finance 2021-01-16T13:51:00Z

Whole life insurance lasts forever and can help you build wealth, but it's expensive

Whole life insurance is more expensive than term life insurance, but there are some advantages, such as cash value you can borrow against.
Personal Finance 2021-01-15T14:56:04Z

I'm a financial planner, and I always recommend life insurance to 4 types of people

At a minimum, life insurance, should cover your children, your spouse, and anyone with whom you've accumulated a significant amount of debt or equity
Personal Finance 2021-01-15T14:24:26Z

Life insurance jargon can be confusing — here's a list of the most common terms and their meanings

Life insurance terminology can be confusing. Here are definitions for the most common terms and phrases.
Personal Finance 2021-01-14T20:42:01Z

Why life insurance plays a key role in closing the racial wealth gap, according to a financial advisor

Life insurance can build wealth and leave a legacy for the Black community. Education and financial planners of color are key.
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