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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 2021-02-22T22:21:31Z

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 2021-02-11T19:18:32Z

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 2021-02-08T15:48:16Z

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 2021-02-07T14:50:00Z

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 2021-02-05T16:48:03Z

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 2021-02-03T21:15:55Z

5 things to do with your money before you have a baby, according to financial planners

Tracking your money and planning for childcare costs, life insurance, and health insurance are some of the things you'll need to consider.
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.
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