Having the right kinds of insurance — including good medical, disability, automobile, homeowner, long-term care, life, and even travel insurance — is key to good financial planning. This page about insurance gives you the lowdown on how to successfully navigate the often perplexing world of insurance coverage.
Whole Life Insurance: An Excellent Investment Everyone Tells You Not to Buy
Financial advice is unique. Most of it is dead wrong. The advice given by brokers (or “financial consultants,” as they like to be called) frequently has nothing at all to support it. If you ask most financial advisers about cash value life insurance, this is what you will hear: Buy term and invest the difference. [...]
Summer Toys: Insuring Your Pool, Trampoline or Boat
Winters are long and cold where I live in the Northeast. When summer finally arrives, all you want to do is take advantage of the warmer weather-whether it’s riding a jet ski at the lake or taking a dip in the pool at home. These “toys” are what summer’s all about, but there’s always that [...]
Business Insurance Can Help Your Business Grow
We hear stories on the news every day about more layoffs and unemployment claims. Right now, more Americans have been unemployed for twenty-seven weeks or longer than has ever been recorded. More than 65 percent of families have been affected financially by the recession, according to the Northwestern Mutual Financial Realities Study published in June. [...]
Workers’ Compensation Won’t Work for You
What do a bee sting, a dismembered thumb, and electrocution have in common? They’re all injuries that could happen on the job. If you sustain an injury on the job and can’t work because of it, in many cases you might be entitled to workers’ compensation. Workers’ compensation coverage (“workers’ comp”), combined with employers’ liability [...]
Natural Disaster Insurance Claims: What To Do When A Natural Disaster Strikes
Updated September 9, 2019. Natural disasters are forcing homeowners and renters to file insurance claims in record numbers - and for amounts that are astronomical. But, not every claim is being approved. Here's what you should do to prepare for a physical catastrophe caused when a natural disaster strikes. Man-made catastrophes, like fires and crashes, [...]
FAQs about Disability Insurance
When you think about your insurance needs, you probably think about protecting your valuable assets, like your home and cars. But what about your ability to earn? That’s an asset, too. What would happen if you lost the ability to earn a living? Most of us aren’t in a financial position to be able to [...]
Insuring Jewelry and Other Valuables
Got really nice stuff? Some of your special possessions, jewelry and other valuables covered under your homeowner policy may be severely underinsured, or even completely uninsured. How can you insure jewelry and other valuables? Consider adding a personal articles floater (PAF) to your insurance policies. A personal articles floater is, depending on the carrier, either [...]
Term Life Insurance: Getting the Best Deal on the Term Coverage You Need
Life insurance is one of my favorite insurance products to sell. Why? Because it’s a selfless investment you make in the ones you love so they can continue their lives after you’re gone without a financial hardship. Financial relief helps survivors to focus on recovering from the emotional hardship of losing someone they love. Life [...]
Flood Insurance: What To Do Before, During and After a Flood
It’s hard to imagine that something so good for us can wreak so much havoc. But water, in the form of floods, has caused extensive, and expensive, damage across the country. Insurers used to believe that you needed flood insurance only if you were in a flood zone. But flood zones have been expanded in [...]
Travel Insurance Can Protect Your Summer Vacation Plans
I love to travel. I think getting out of your element and going somewhere else is a way to broaden your life and make it interesting. Travel can be an investment in your happiness, and just like any investment, it should be protected. When you’re planning a trip, you confirm your reservations, pack your bags, [...]