A Financial Literacy Blog for All
Is an annuity a good investment option for you? One of my younger followers had a financial planner suggest that he purchase life insurance and annuities as part of his investment portfolio. His questions about whether they were good choices for him were the impetus …
Protection against loss is critical for everything you do, including running your own business or earning money from a side hustle. The primary tool for mitigating business risks is property-casualty insurance. There are many insurance policies within the realm of property-casualty insurance, each with its …
Choosing the right type of life insurance policy and its death benefit can be confusing. Not too long ago, I published a guest post from Baruch Silverman of The Smart Investor on the different types of life insurance. In this post, you’ll learn how to …
The life insurance landscape is confusing, to put it lightly. One can get lost in the different types of policies and terminologies, such as whole life, term life, cash value, variable life, and a lot more. If you want to purchase life insurance, you need …
Umbrella insurance provides broader coverage and more limits than your auto and homeowners policy for liability claims made against you. In this post, I’ll provide: An explanation of what liability is. A description of what is covered under an umbrella policy. An illustration of how …
Almost every financial decision is a trade-off between reward and risk. In this post, I’ll use three examples to illustrate how financial decisions can be made in a risk-reward framework. The examples are: Deciding what to buy with some extra money. Selecting a deductible for …
Homeowners, condo-owners and renters insurance policies cover you for loss or damage to your property and liability that emanates from your residence. All three policies cover your belongings regardless of where they are as well as injuries to others that happen at your residence. In …
If you own a car, you buy car insurance coverage. In the process, you have to make lots of decisions. Do you want to buy Comprehensive? Collision? What limit for Bodily Injury? For Medical Payments? For Uninsured Motorist? What deductible? As with other insurance products, …
Now that you’ve learned about what is covered by health insurance from last week’s post, I’ll help you choose a health insurance plan. As part of the process, I’ll tell you some ways to lower your net cost of healthcare and provide you with a …
Health insurance is one of the most expensive purchases you will make every year, whether you buy it on your own or through your employer. There are many terms specific to insurance and many more specific to just health insurance that are important to understanding …