Parents often wonder about the best ways to save towards their child’s future. There are several options: savings accounts, mutual funds, bonds, and life insurance. While life insurance can be used in the event of a child’s death, it can also be used as a building block towards college tuition and other expenses once a child reaches adulthood. Different… Read more →
Tag: Personal Finance
The Pros and Cons of Permanent Life Insurance
Permanent life insurance provides protection throughout a person’s lifetime, provided that premiums are paid. It also builds cash value, which can be borrowed against or used to make premium payments. Term life, on the other hand, provides protection for a certain number of years and builds no cash value. Insurance experts recommend most people carry permanent life insurance and add… Read more →
Are Millennials Not Purchasing Life Insurance?
The world, for as old as it is, has seen billions of human beings come and go. There have been too many generations to count, and there are currently six generations still alive today: The Greatest Generation, The Silent Generation, Baby Boomers, Generation X, Millennials, and Generation Z. And now, millennials are either in their prime for purchasing life insurance,… Read more →
Financial Missteps
You just graduated undergrad. You moved out of your dorm room or an apartment footed by your parents and it’s time to make your own way, time to find a job that actually supports you and to blaze your way in the world, to make a name for yourself and lay the foundation for the rest of your professional career.… Read more →
How Insurance Companies Find What You Never Want Them to
With the digital transfer of information from things like your credit cards and purchase histories, highly powerful insurance conglomerates have been able to gather information with more ease than ever before. What follows is a list of the ways these corporate giants are able to access your personal information, which then often plays a significant role in the composure of… Read more →
Is there a Right Time to Purchase Life Insurance?
When it comes to making use of your money, life insurance is often the last thing on your mind. The truth is that most people dread purchasing life insurance. These kinds of policies carry an uncomfortable connotation: best-case scenario, life insurance is just one more bill you pay, but the worst-case scenario is that you’re dead and your family is… Read more →
Life Insurance and Taxes
Unfortunately for many, the tax deadline is approaching. Full of complexity and difficult-to-read text, tax season has innumerable individuals banging their heads against the wall in frustration. It brings with it added work; but hopefully it brings with it a positive return as well. You may be asking yourself how tax season pertains to your life insurance policy and whether or… Read more →