Whole life and term life insurance are two very distinct and different types of insurance and financial products. It's important to understand the difference between whole life and term life. There are many differences and costs that you need to understand. Difference Between Whole Life and Term Life Insurance What Is Whole Life Insurance? Whole life is more of an investment for many people who buy those types of policies. Whole life insurance builds cash value while you're paying those premiums. Eventually, after years of premium … [Read more...] about Understanding the Difference Between Whole Life and Term Life Insurance
Archives for May 2014
A structured settlement agreement can never be altered once it has been made, preventing you from getting a lump sum amount when required during an emergency. But the law does allow you to transfer the rights of receiving the annuity to a third person if you wish to do so; or in short, the law does not deny selling of the structured settlement and obtaining money for it. So whether it’s a medical emergency, an opportunity to buy a high value real estate or for even funding college education, you can sell the structured settlement and obtain … [Read more...] about How To Find A Reliable Buyer For Your Structured Settlement
A friend of mine recently complained about an old college roommate who was trying to pressure him to buy whole life insurance. He was having trouble figuring out how to tell him no, because they'd been so close back then. This is an all-too-common occurrence for young professionals in their late 20s and 30s. This is the time when friends and family are test-driving new professions -- like sales gigs, for example. Many insurance brokers push whole-life policies because they provide them with the juiciest of commissions. Several … [Read more...] about Are You Feeling Peer Pressure To Buy Whole Life Insurance?
Once you and your college friends have graduated, you may believe you can stop thinking much about what happens on campus at your alma mater. But you have a vested interest in your college's well-being, even after you have your sheepskin. Think about what your school and its ongoing reputation say about you. What if your college or university fell apart after you graduated? Would that make your diploma worth less? Would it hurt your career prospects? That very scenario happened to a friend of mine. His college almost lost its … [Read more...] about Your College Diploma Is Like A Share Of Stock
Last fall, I had tickets to an NFL game. It was freezing that day, and all my friends backed out. But I didn't want to waste the $70 I'd spent on the ticket. So I went to the game and was absolutely miserable. I hate to admit it, but my friends were right. I didn't even have much vested interest in the teams playing. Nor did I have a good time at the game; I would've been much better off just watching it from the comfort of my couch. But I was obsessed with not having wasted the money I spent on the ticket. In hindsight, I know I should have … [Read more...] about How Sunk Costs Keep You Stuck in Bad Investments
I saw a segment on the news recently that highlighted a family whose insurance company had canceled their renters' policy. The family in question filed two claims against their policy over the holidays after burglars broke into their home before Christmas and again just before New Year's. As a result, their insurer dropped them.
Of course, the timing was horrible, and the local media covered the story exhaustively. But I'm glad the insurance company canceled their policy, and you should be happy, too. Here's why:
What are the odds of … [Read more...] about