If you are active duty military, you have Servicemembers Group Life Insurance, or SGLI, to protect your family while you serve. Once you are discharged, you can purchase Veterans Group Life Insurance, or VGLI. Or, you can purchase life insurance from a company that sells it to the private sector. Here's what you need to know to determine which type of policy is best for you. How VGLI Works The only factor for determining the premiums for VGLI is your age.
4 August 2016
A common misconception with insurance is that simply having a policy means that you are covered. There are actually many different factors that go into an insurance policy, with ways to both increase or lower the premium based on your coverage. That means it is possible that you don't have enough coverage to protect your home if you need to make an insurance claim because of the choices you made when getting the policy.
22 July 2016
Are you planning on getting married and wondering what the financial risks are if there is a severe weather condition or if something happens that prevents you from getting married? These are potential problems that you want to plan for in advance so you don't end up losing out on a ton of money when the unexpected occurs. Talk with an insurance agent about getting these three types of insurance before you walk down the aisle.
1 July 2016
Just as the best defense is a good offense, the best way to manage any situation is to prepare for it. So it goes with car insurance. While you may have considered various back-end, post-purchase ways to lower your can insurance costs, some of the best cost-saving measures for car insurance can only be taken advantage of before you actually purchase your car. Here are 5 ways you can help bring your car insurance costs down the next time you're ready to purchase a new vehicle and get that title and registration.
19 May 2016
Owning a home isn't just a significant financial investment, it also accompanies an extensive time investment. This is particularly the case when it comes to home maintenance. Failing to recognize the importance of maintenance comes along with a number of penalties. Increased Insurance Costs Poor maintenance efforts create a domino effect for damage. For example, rusting pipes can eventually lead to a water leak that results in water damage that could ultimately cause mold growth and extensive structural damage.
6 May 2016
If you feel like you are paying too much for your car insurance and can no longer afford to pay what you are currently paying, then you have likely considered the option of reducing your coverage or eliminating your coverage entirely. However, driving without insurance or without full insurance can be both illegal in most states and extremely risky. Instead, there are other opportunities that you will want to seek when trying to reduce the cost of your car insurance payment, such as the following:
20 April 2016
Life insurance is incredibly important for every adult. Most people know how important it is to get a life insurance policy, but they might not know how to get the best policy for their needs. The important thing is to know how to calculate the right amount of insurance you should purchase. Here are some things you need to consider when calculating your insurance. How Much Debt Do You Have?
4 April 2016
There are many benefits to owning a home. From building equity, to living out the American dream, owning a home can prove to be a great experience. Unlike renting a home, if something happens to the house, you are the one responsible for handling it. This means unexpected expenses that may not be in your budget. Some experts recommend the 1% rule to help plan for any unexpected expenses. This means taking 1% of the purchase price each year and setting it to the side to cover any repairs that are needed.
28 March 2016
If you're concerned about the amount of money that you're spending each month and are looking for ways to reduce your household expenses, it can be beneficial to take a look at the source of a considerable expense -- your vehicle. At first glance, it might seem as though you can't cut down on your vehicle-related expenses more than you're already doing, but the truth is that your insurance rate can often be cut if you know the right strategies to adopt.
23 February 2016
Being able to reach your destination each day will largely depend on your vehicle. You'll want to drive a car that is in good condition, and that is covered in the event of an accident. It's ideal for the right things to do and the wrong ones to avoid to help keep your auto insurance costs down. This will help you save money year round and knowing effective ways to reach this goal will pay off significantly for you.
10 February 2016