You’ve worked hard and after five years of disciplined savings, you’ve been approved for a 20 year $200,000 mortgage. It’s an exciting time and amongst the financial decisions ahead of you is determining if you should buy the bank-sponsored mortgage life insurance policy recommended by the loan officer.
Accumulating wealth turns out to be a double-edged sword for business owners. It certainly has its privileges, but it also comes with additional risk exposures. In a 2011 Zogby survey, 92 percent of people with a high net-worth indicated concerns over the possibility of home invasions, muggings, kidnapping, and even random street crimes. Not mentioned widely was the ever-incre
Generally speaking, conversations about life insurance revolve around whether you should buy term or permanent insurance. However, every decision to buy life insurance begins with deciding what is the right amount of life insurance; and, integral to determining the right amount of life insurance is understanding the role of your Social Security Survivorship Benefit (SSSB).
When asked to name their most valuable asset, most people would identify their tangible items, investments, or properties, but nearly all fail to recognize that their ultimate prized possession is themselves. In times where you can own insurance on nearly every household item, many haven't even purchased an insurance policy on their own life. While the basic concept of
When people decide that they need to eat healthier or lose weight, they know that they have to change their behavior. That’s easier said than done for most, which is why diet prgrams are so popular because they provide a system for automatically controlling portions and nutrition. More importantly, they provide an easy way to establish weekly goals, track activities and keep s
There’s no denying that Americans are in love with their credit cards; but increasingly, the romance is rocked by the actions of unsavory characters seeking to come between them. More specifically, they’re seeking to steal your credit card information and they are relentless in pursuing any and all technological means to get it. They will go after the big, “secure&
With rates as low and competitive as they have ever been, it’s as close to a “buyers” market in life insurance as we’ll get. Still, in these cash-strapped times, curbing all costs and expenses is a priority for most people, and buying life insurance is no different. While the cost of life insurance is predicated upon several factors over which we have little
Maintaining a monthly budget isn't as simple as it may seem for the average family. Day to day expenses, bills, a mortgage payment, insurances, education costs, and saving for retirement can make or break a budget. So in these times, it’s important to take some relatively easy steps to stretch your budget.