Insurance is not the sexiest topic when it comes to, well, anything.
The truth is insurance is there to protect us from an event that our finances are not able to handle.
While planning for bad news is not something any of us enjoys, having proper policies in place is a necessary part of protecting our families and our finances.
Instead of being afraid to think about the future we need to empower ourselves by planning for worst case scenarios. To help you get the best information available I have put together guides for several types of insurance that are offered by top rated life insurance companies.
The sudden loss of a loved one can be devastating to a family. What can compound that loss is losing the income that person has been providing and having no plan in place to replace that income. With proper life insurance you can make sure that you and your loved ones are financially prepared for a worst case scenario.
Every state require you to purchase auto insurance. The problem people run into is that we don’t exactly know how much insurance is enough or what type of policy to get. With each state having different rules and a jumble terms like deductibles, premiums, uninsured drivers, collision, comprehensive, etc. it is difficult to know exactly what you need in a policy.
Get a better grasp on all the details of a car insurance policy and get detailed information about the coverage need for your specific state from our guide for auto insurance.
If you buy a house, you’ll likely want (need) homeowner’s insurance. Especially if you buy a home by using a mortgage, the lender will want you to have coverage to protect the investment.
As with several other types of insurance, you’ll need to understand exactly how much you’ll need, what type of policy you might require, and the different nuances with deductibles, maximums, and more.
Seniors and those on disability have great difficulty in getting a health insurance policy. Because of this the government set up Medicare as a means of providing coverage to these individuals. What is frustrating is that Medicare is not complete coverage and the terminology is difficult to understand.
Between parts, plans, and advantage coverage most seniors get very frustrated with navigation the Medicare landscape. To help you with getting through the tough transition I put together a guide to Medicare.
With the passage of the Affordable Care Act, health insurance has gotten even more difficult to understand. The good news is that the basic principles are still the same. The bad news is that how we pay for health insurance has gotten more complicated. Whether you have an employer plan or are purchasing your policy as an individual you can get a better grasp on your options for health insurance.
There was a time when I didn’t think disability was worth the cost, but the statistics for being out of work for an extended period of time are eye opening and will quickly push you to get this type of coverage. As with all types of insurance you need to learn the terminology before you can make the best decision for your needs. See our detailed guide to disability insurance.
Burial or final expense insurance is designed specifically to take care of the expenses of your funeral and any expenses that may pop-up as a result of your untimely death. Because it can be purchased in various different ways it is slightly different than Life Insurance. Get a better grasp in our guide for burial insurance.