You’ve worked hard your entire life so that you can have a comfortable retirement. But there’s more to it than just saving a lot of money. Even those that work their hardest may end up planning improperly, leaving them unequipped to deal with the rest of their future. Keeping these key points in mind, you should be able to have a better, more comfortable retirement. Creating a Budget Before you can even start saving, it’s important that you know what your financial needs are for every aspect of your life. That means that you have to save ahead for the long future ahead of you and knowing where all of your money is going to go. There is no magic number you should strive towards in order to determine whether you’ve met your threshold or not. If you really want some help, there are p
I met with busy Philadelphia life insurance beneficiary lawyer Chad G. Boonswang, Esq. recently and spoke with him about how life insurance providers handle beneficiaries’ claims when the insured commits suicide. Veronica Baxter: Do insurance companies pay beneficiaries’ claims when the insured dies by suicide? Chad Boonswang: Perhaps. It depends on several factors, though I will tell you that life insurance companies frequently try to avoid paying those claims. Beneficiaries are often feeling so bereft at the unexpected death of their loved one that when their claims are denied, they don’t have the heart to pursue it further. Most should. Keep in mind that the insurance companies only make money when they don’t pay claims. They have little incentive to pay beneficiaries when
Investing in yourself is one of the most important things to do in life, and two of the best ways to do this is by getting both life and health insurance policies. It’s almost certain that you know at least one, if not a handful of people who have neither insurance policies, but that doesn’t mean that you shouldn’t have one. Life and health insurance are extremely important to benefiting your life, not only in terms of finance and savings, but also in terms of your overall health and the future of your family. Life Insurance Life insurance is a key factor in making sure that you are looked after no matter what happens. If you’re a stay at home parent, it’s vitally important that you get life insurance. If you are the parent that stays at home and looks after your children while y
It is a well known fact that life insurance is something one should have at an early age. It is known to be a worthwhile investment, which everyone should make. Now, throwing light at what exactly life insurance is. It is a contract between an insurance company and the person being insured, where the company promises to pay a certain amount of money in return of the premium when the insured person dies. There are a varied range of life insurance plans and policies meant to protect the family and the individual. They are legal agreements, which sometimes also cover other events like terminal, or critical illness that can commence payment. The life insurance is something very essential but it is not required to have by law like car insurance. The process of getting a life insurance mi...
Life insurance is an integral part of securing a family’s long-term financial health. But in order for you to use it effectively and ensure adequate coverage, you need to know what it does and does not cover. All life insurance policies, like health insurance plans, are effectively contracts. They have their specific terms. Failure to meet these terms will result in the insurance company refusing to pay out. They do not pay out in any and all situations and it always pays to read the fine print. These are several circumstances that could result in your life insurance money not being paid out to your family in the event of your death. Your Family Doesn’t File a Claim The first one sounds obvious but is surprisingly common. If your family does not file a life insurance claim,