My last post about life insurance was on how to buy life insurance. This time I’m going to talk about what to buy. Permanent versus Term The best approach on the permanent aka cash value versus term discussion is tuning out. Just buy term. Very few people have a permanent need for life insurance. The vast […]
How to Buy Life Insurance
September is Life Insurance Awareness Month. I won’t bore you with what life insurance is or why/when one needs life insurance. If you want to know, you can find plenty on the Internet. I’m just writing about how you go about buying life insurance. Let me get this out first. This is not a sponsored post. I’m not an insurance […]
$10,000 Lesson On Variable Universal Life (VUL)
Variable Universal Life insurance or in short VUL is sold by insurance agents as a smart investment to unsuspecting people. The pitch usually goes like this: You invest in VUL. The money in the policy grows tax deferred. You get to choose what you invest in, stocks, bonds, international, you name it. It’s like a […]
Open Enrollment, Part 4: Flexible Spending Account
The basics on health care and dependent care flexible spending accounts.
Open Enrollment, Part 3: Disability Insurance
If you employer offers long-term disability benefit, make sure you choose it during open enrollment.
Open Enrollment, Part 2: Life Insurance and AD&D
How to make good decisions on life insurance and AD&D during open enrollment.
Open Enrollment, Part 1: Health Care
Here’s how to make good choices in medical, dental, and vision benefits during open enrollment.
Finance Charge in Insurance Payment Plans
I often read on the blogs when someone talks about their insurance my ___________ (life, car, home, …) insurance is $______ a month. or I saved $_______ a month on my ____________ insurance. So it seems that a lot of people pay their insurance by month. I’ve always paid my insurance in a single payment […]