If you receive disability benefits, the last thing you want to do is run afoul of the IRS. So it’s important to have the right answer to this question. But before you ask, “Are disability insurance benefits taxable?” maybe you should be sure of the pros and cons. Don’t be so sure you want tax-free […]
Insurance - How To Save Money
Life insurance is the bedrock foundation for a solid financial future. If people depend on you financially life insurance is the cheapest way to make sure your loved ones are provided for in case you die prematurely.
Having said, it’s important not to overpay for this protection. The life insurance industry has created some wonderful products. But they’ve also come up with a schemes that only work for the people who sell them – not for you. I want to make sure you don’t fall into any of those expensive and dangerous traps.
The following articles will help you understand the truth about life insurance and will help make sure you get the right coverage at the right price.
How Life Insurance Raises Premiums and What to Do about It
In January, there was a story in Investment News about a very large insurance company that wanted to raise premiums because they were facing insolvency. The company didn’t want to declare bankruptcy, so they looked for a way to survive. They needed to find a way to slash $175 million in future liabilities. In other […]
Funeral Insurance: Good Deal or Rip-off?
Is funeral insurance a smart investment? The following is a post from staff writer Crystal at Budgeting in the Fun Stuff, where she writes about finding the balance between paying your bills, saving for your future and budgeting in the fun stuff along the way. Since a lot of people may be wondering whether or […]
What Is the Best Car for a Teen?
I remember the day I first got my license. I was 18 and felt empowered, invincible and free. While I’m sure most teens feel the same way when they first get their license, it’s an anxious time period for parents. How to choose the best car for a teen? Should you buy a used car […]
Group Long Term Care Insurance – Good or Bad Deal?
“W” asked me about group long term care insurance a few weeks ago: I’m 47, single with kids and in good health. My employer is offering group LTC insurance. I was thinking I would wait until I’m at least 55, maybe 60, before buying, if at all, but I can get in now with no […]
Is Auto Gap Insurance Really Necessary?
If you’re buying a new car, there’s a type of car insurance that you may be unfamiliar with, but that might be completely necessary. It’s called “auto gap insurance” — so named because it covers the difference, or gap, between the true value of the car and the loan outstanding against it when the loan […]