Recently, I was on a webinar about life insurance with living benefits. If you don’t know what living benefits are, don’t worry. I will explain below. I sat through these webinars before. This time, I hoped to hear something different to convince me why life insurance with living benefits is a good idea for individuals and families. But, I didn’t, and I sat there, hearing the same old story why I should be selling life insurance with living benefits. (I’ll tell you more why, below.) It doesn’t change my mind. In this article, I discuss why life insurance with living benefits is a waste of money.
What does self-employment mean to you? Ultimately it means your income depends on your hard work. Your income could be variable and fluctuating. If your family relies on this income, it is ever the more reason to make sure you have the right insurance protection in case the unexpected were to happen? What do you need? In this article, we discuss the types of insurance for and self-employed insurance needs. [Read more…]
If you are a stay-at-home parent, you know your household can not function without you. A large misconception for stay-at-home parents is that, because they essentially earn $0, they have no worth. Nothing can be further from the truth. In fact, many reputable industry sources illustrate that a stay-at-home parent “earns” anywhere from $100,000 to $150,000 annually from all of the things they do to keep the household functioning. Salary.com for instance state that a stay-at-home mom (ok, Dads, you are worth this, too.) is worth over $140,000 in 2016. No different than an official earning parent, you need to protect your worth in case of the unexpected. Yes, stay-at-home parents need insurance protection, too. [Read more…]
Here is a quick quiz. What is the top reason people enter bankruptcy?
- credit card debt
- hospital and medical bills
- student loan debt
- other debt, such as housing, auto, etc.