Category: Insurance
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Disability Insurance Defined: The #1 Reason You Need It (In Plain English)
/ December 5th, 2020
This guide has everything you need to know about disability insurance. Specifically, I’m sharing a simple definition of disability insurance, who needs it, how to avoid a gap in coverage, and more. So if you want to protect your income and save money, you’re going to enjoy today’s post. Before I define disability insurance, let me
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The 7 Most Important Types of Insurance (+ Free PDF Checklists!)
/ November 1st, 2020Today I’m sharing a step-by-step guide to attacking your insurance policies. In fact, knowing what insurance to tackle first, second, third, etc, can help you maximize coverage and save money. So if you’re ready to optimize your insurance policies and take action, today’s post is for you. First, grab our free insurance checklists and workflows:
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Insurance Deductible: The (Insurance) House Always Wins
/ October 1st, 2020Today, I’m going to show you how to save money by not having an insurance policy. This is the opposite approach from what we’ve been taught for many generations. Insurance is supposed to protect our investments and save us money when harm comes our way, right? Not always. If you want to truly protect your
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The Right Way to Use Homeowners Insurance
/ July 24th, 2020Homeowners’ insurance is more than just another bill we have to pay every year. It’s the price we pay for peace of mind if our property is damaged or destroyed. Unfortunately, homeowners’ insurance isn’t cheap. And if you don’t take steps to mitigate the costs of this coverage, you could wind up paying way more
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The Smart Way to Save Money on Auto Insurance
/ July 17th, 2020Are you trying to save money on auto insurance? I’ve got some simple advice that can help you save hundreds of dollars on your auto insurance policy. Every year, thousands of people make a specific mistake with their coverage that costs them big time. These people are literally taking hundreds of dollars every year and
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Life Insurance vs. Investing More in Your 401(k)
/ June 3rd, 2020Are you better off putting extra money into your 401(k) instead of purchasing a life insurance policy? While investing in your 401(k) is a must if you want to retire, leaving your family without life insurance can impact them greatly if you die prematurely. Here’s how it works. The Problem: Life Insurance or 401(k)? Today’s
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In today’s post, we’re doing a case study on whether whole life insurance is a cost-effective way to invest for your retirement. Whole life insurance is a type of permanent life insurance where a life insurance policy and investing are combined into one product. Sounds convenient and easy, right? Not so fast. We’ll break down
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Should I Buy Extra Insurance from My Job?
/ August 1st, 2019
Should you purchase extra insurance through your job? It’s a question many employed folks must answer as they navigate through any number of employer benefits. While receiving health insurance for free is a no-brainer, there is a trickier question: Does it make sense to buy disability insurance, term life insurance or any other benefit through
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Do I Need Disability Insurance If I’m Near Retirement?
/ April 1st, 2019Do you need disability insurance if you’re nearing retirement age? Like most financial planning questions, there is no single answer for every situation. Whether or not you need disability insurance near retirement depends on a few different factors, including: How much money you plan to save over the rest of your working career, The size
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Umbrella & Disability Insurance: Critical for Young Professionals
/ July 15th, 2018
Recently, we completed a financial plan for a young professional (we’ll call him Adam). I’m happy to say that Adam was on a good track. He was maxing out his 401(k) each year and held small taxable and Roth IRA accounts as well. Prospects were bright for Adam: at his savings rate, the retirement he
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