Without life insurance or a substantial savings, a clean up fund is impossible to justify. And this is just one category of the life insurance economics.Read More
The standard rules of thumb for purchasing life insurance policies – which tend to be based on income levels – may not be sufficient guidance in every case, according to a report in the Chicago Tribune.
Author and expert Tim Maurer told the Tribune that consumers should consider total life insurance needs by combining four main categories: Final expenses, mortgages and other debts, income replacement, and educational funds. These will vary wildly depending on the number and age of a family’s children, amount of money owed on a mortgage, and overall income level.Read More
A survey by the LIFE Foundation shows that 93 percent of Americans think it’s important for most people to have life insurance, and yet nearly half of those surveyed said they don’t have enough coverage.Read More
In these challenging economic times, Americans have made numerous adjustments to shore up their family finances. Savings rates are on the rise, debt is being consolidated and slowly paid down, and people are spending and investing their money more conservatively.Read More