Insurance

One key to having a good financial plan is having appropriate insurance. Having insurance is like building a wall around your finances so that when disaster strikes, it hits the wall instead of your wallet. To be well-insured you should carry auto, home (rental), health, disability, and life insurance - click below to learn more about each and get competitive quotes the easy way. 


Auto & Home Insurance

The average person saves $500 to $700 per year on auto and home insurance just by getting new quotes from two name-brand companies and one independent insurance company.

A fast and easy way to get quotes without having to spend all of your time on the phone is to use online quote aggregators. You only have to enter your information once and multiple quotes come to you via email or phone.  Get started toward saving by visiting one of the sites below.

 
 

Health & Disability Insurance

Nearly half of all bankruptcies are a result of uninsured medical expenses, and as a worker you are three to four times more likely to be disabled for 60 to 90 days than you are to die before the age of 65.

You can not afford to have major medical and disability insurance or to let your insurance lapse. We like eHealth Insurance because you can compare insurance plans side-by-side and find a great plan that meets your needs.

 

Life Insurance

Term life insurance is an excellent way to help protect your family from failing financially, should something happen to one or both parents. We recommend ten times one's annual take-home pay. For example, if your annual take-home is $30,000, then $300,000 of term life insurance coverage would be appropriate. If one spouse does not produce an income, we recommend around $250,000 in coverage. 

We are fans of the term life insurance quote page available through the below box. All you have to do is fill out the below form to get started. 

Acquiring term life insurance usually requires the following steps:
1. Find term life insurance that fits your needs.
2. Request and fill out an application.
3. A nurse will contact you to set up an appropriate time for a health analysis (usually involves a blood test and a basic physical).
4. You are accepted or denied. If accepted, you will be provided the rate and the policy will go into effect when payment is made.

NOTE: Smoking and weight issues do not necessarily mean that you can not obtain life insurance, but it usually results in higher premiums due to increased health risks.


Written Will

Who will decide what happens to the kids and the estate? Is there one more thing you'd like to give to as you go? It is worth the time and money to get a legal document and ensure these things are taken care of when you die. 

According to a recent survey, 69% of households with children under the age of 18 in them, do not have a written will. 58% of American households as a collective whole, do not have a written will. 

It is vitally important to have a written will. While you are at it, be sure to prepare health care advance directives too. 

 

Legal Zoom is a premier provider of inexpensive legal documents.