Getting life insurance is essential if you want to be sure your loved ones and financial interests are covered. Although many young people do not need life insurance, the urgency of maintaining your own policy inevitably rises as you age. It’s not unusual for people to amass considerable assets heading into their 50s and 60s, [...]

Think about purchasing a policy before you or your parent reaches the age of 65. Today’s healthy 50-year-old pays a yearly rate of about $1,500 for LTC coverage, while a healthy 65-year-old might pay $2,000 to $3,500. This increases in proportion to a decline in health. Overall rates are expected to increase dramatically in the [...]

Here’s the breakdown by percentage of premium for coverages on a sample car insurance policy for a sample driver: Liability (45%) Collision (37%) Comprehensive (9%) Uninsured/Underinsured Motorist (5%) Medical Payments (4%) Coverages by % of Premium Bodily Injury Liability (legally required) – 26% Property Damage Liability (legally required) – 19% Liability Portion Total: 45% Collision [...]