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Calabar Sugar Mummy, Idoreyin is Looking For A Sugar Boy

Calabar Sugar Mummy – Sugar Mummy In Calabar – My name is Idoreyin, i am from Akwa-Ibom state (what some of you call “Calabar People”). Whichever way, you’re not so wrong.

I have been through hell in relationships, and now i just wanna have fun. I’ll be 35 in November but i have experienced lots of pain dating men. I have been single for about 2 years+ now. I am very rich but i can’t find love. It’s so frustrating.

My dad left so much money for me as his only child when he died, i have my business which is booming in Calabar. I just need love irrespective if you are younger than i am. As a matter of fact, i prefer a younger man.

I will be coming to read your comments on this page everyday till i find my dream man. Kindly tell me about yourself in the comment box below, also drop your mobile phone number. I will contact you and we will talk well.

Note: Money is not a problem. I just need true love

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Best Travel Insurance for 2017

The best travel insurance can help cushion the financial blow in case of situations that can upend an expensive, carefully planned trip. Whether you’re dealing with an unexpected illness, a death in the family, or a lost suitcase, all of these scenarios have the potential to cancel or ruin your travels.

The Simple Dollar’s Top Picks for Best Travel Insurance

I’ve sifted through dozens of companies to find some of the top travel insurance options for you. Here’s a quick look at my picks for best travel insurance:

  • Best Travel Insurance for Coverage Options: Travel Guard and Travelex
  • Best Cheap Travel Insurance: World Nomads and Seven Corners
  • Best Travel Medical Insurance: HTH Worldwide and IMG

Even a late or missed flight can unravel your plans. Stats from 2014 show that was a possibility for nearly 1 in 4 airline trips, according to the U.S. Bureau of Transportation Statistics. More than 2% of flights were cancelled outright.

But do you really need travel insurance? For instance, if you paid for your trip with a credit card, you might already have credit card travel insurance benefits to cover all kinds of unexpected hiccups. It’s a question we’ll consider in depth later in this article — I’ll admit I’ve only purchased a travel insurance policy once despite frequent globe-trotting. For some, however, travel can be an investment just as significant as a car or house. If you fall into this category, relatively inexpensive travel insurance plans can protect your wallet from any of the above situations and more.

Keep reading to find out why these companies rose to the top in the crowded travel insurance market. I’ll also cover some travel insurance basics, including what most plans cover, how to shop for the best plan, and whether you really need travel insurance in the first place — because it doesn’t make sense for everyone.

Do You Need Travel Insurance?

Travel insurance makes sense for some travelers, but you’ll want to make sure you’re among them before you shell out even more cash before your trip.

A few years ago, I opted for travel insurance before an expensive trip to New Zealand. The flights, hotels, and car rental were pricey enough on their own, but we prescheduled a range of activities, too. I would have lost a lot of money if something had prevented me from going, so shelling out a bit more for travel insurance made sense.

Here are some factors to consider when you’re debating whether travel insurance is worth the investment:

How much are you spending?

If you’re only spending a few hundred bucks on a plane ticket and crashing on a friend’s couch when you get to your destination, the low expense (and risk) of your trip probably isn’t worth insuring. I’ve certainly traveled on a shoestring before, and the relatively low cost meant I didn’t think twice about travel insurance.

But if you’re spending $10,000 on a budget-busting honeymoon in Bali (or in my case, heading to New Zealand for three weeks of adventures) that’s an investment you’ll want to protect.

Are you traveling internationally?

It makes more sense to buy travel insurance if you’re heading abroad. International travel is expensive, but the best travel insurance can also cover you for costly medical bills if you need care while overseas when your primary health insurance may not.

I have gone abroad a couple of times without additional coverage — I was young, healthy, and heading to well-traveled European destinations for run-of-the-mill sightseeing. This was a calculated risk on my part when I was very conscious of my bottom line. Would I make the same choice today, especially with a family to consider? Maybe not.

Are you booking travel during a time known for iffy weather conditions?

It’s impossible to predict the weather, but some times of year are trickier than others. For instance, maybe a crucial leg of your trip is going into or out of Minneapolis or Chicago in January — primetime for blizzards or other nasty winter weather. Maybe you’re booking a Caribbean cruise in September, during peak hurricane season.

In either case, travel insurance could cushion the financial damage if Mother Nature delays or cancels your trip.

Are you already covered?

While it’s relatively uncommon for most health insurance plans to offer more than partial coverage abroad, check your policy. Flight accident insurance that pays your family benefits if you die in a plane crash is probably redundant if you have life insurance — this was one option we skipped on our New Zealand trip.

The same goes for travel insurers’ accidental death and dismemberment coverage. Your home insurance may even cover the cost of lost or stolen luggage and belongings.

Your credit card may also offer some protection.

If you pay for your trip with a credit card, you may have coverage for trip cancellation, delays, car rental insurance, or lost and stolen belongings. For instance, we were able to opt out of our car rental company’s insurance in New Zealand because our credit card provided it.

You’ll need to check the fine print that lists all of your credit card’s benefits. If there are travel insurance provisions, you’ll need to pay for part or perhaps all of the trip with that card to be covered.

However, the benefits probably won’t be as extensive as those you’ll receive with the best travel insurance policies, and you may find that there are more exclusions: While planning a trip to Ireland, I found out my credit card would not cover car rental insurance there because of high accident rates.

(If you want a credit card that offers great perks when you’re on the go, check out our guide to the Best Travel Credit Cards for 2017. These cards often offer great trip protection features as well as perks such as bonus points on travel, no foreign transaction fees, and concierge services.)

Do you need the peace of mind?

If all the “what-ifs” of travel keep you awake at night, spending a couple hundred dollars on travel insurance might be a good investment if it means you’ll be able to relax and enjoy your trip more. In my case, I spent weeks planning every leg of our trip to New Zealand, so travel insurance was a necessary comfort.

What Does Travel Insurance Cover?

Coverage will vary by company, but the best travel insurance plans protect against financial hardship resulting from trip interruption or cancellation, medical expenses, emergency evacuations, and lost or stolen belongings. Here are the main things you can expect travel insurance to cover:

Trip interruption or cancellation: If you get sick, a family member dies, or a natural disaster foils your plans, cancellation coverage may help reimburse whatever nonrefundable costs you’ve already incurred. Terrorist attacks are also covered if an incident unfolds in your destination shortly before you leave. You may even be covered if your employer changes your schedule and requires you to work, you’re called for jury duty or a crucial travel vendor goes belly up. Interruption coverage may cover you if your trip is cut short for similar reasons.

Medical expenses: Many health insurance plans won’t cover you outside of the country; Medicare never does. Even if your insurer does cover some international expenses, out-of-network costs can still add up. You may even find that foreign care providers simply won’t help you until you pay for their services up front.

Emergency evacuation: If you need to be evacuated from a remote spot for medical or security reasons, it could cost tens of thousands of dollars. Evacuation coverage helps pay to speed you to a nearby hospital, or covers the price of a medical flight to the U.S. if needed.

Lost or stolen baggage or belongings: While airlines have done a better job with baggage in recent years, more than 24 million bags were still mishandled in 2014. Most policies will pay up to a certain amount to compensate for this common travel scenario. The best travel insurance plans also reimburse you if you have to purchase items because your bags were delayed.

The Best Travel Insurance Companies

If you’ve decided travel insurance is a good bet for your upcoming trip, be sure to check out the companies below, all Simple Dollar top picks, while you shop around.

Best Travel Insurance for Coverage Options: Travel Guard and Travel Ex

Travel Guard offers just about every type of travel insurance plan you can think of: trip cancellation, flight insurance, travel medical, business travel, and even yearlong plans for frequent travelers. Several optional coverage add-ons make it easy to tailor your travel insurance to your specific needs.

For example, you can add a rider that allows you to cancel your trip for any reason, or you can add flight accident or rental-car collision insurance. Trip concierge services and pre-existing condition waivers are available at all levels, too. The website doesn’t have a lot in the way of educational articles, however.

Why We Like It: Travel Guard makes it easy to get a quote and compare its different plans side by side. Extensive add-ons and a “build your own” My Travel Guard plan make it easy to buy exactly what you want, and skip what you don’t want. You can insure very expensive trips up to $100,000, and Travel Guard has accreditation and an A+ rating with the Better Business Bureau (BBB).

What to Watch For: Some plans may not be available depending on the state in which you live.

Travelex offers a more basic lineup of plans for leisure and business travelers, but they are still fairly customizable with upgrades. For instance, you can add on coverage for adventure activities, or busy professionals can tack on coverage that kicks in if their employer changes their work schedule. You’ll get three easy-to-compare plan choices: Basic, Select, or Max.

Why We Like It: TravelEx’s offerings are more readily understandable for a travel insurance newbie, and their website is easy to navigate. If you’re traveling with kids, take note: The Travel Select plan covers them for free. There are also helpful travel tips and FAQs. Like Travel Guard, TravelEx is BBB-accredited with an A+ rating.

What to Watch For: The highest-priced Max plan will only allow you to insure a trip up to $50,000, and it only covers you for up to six months (there is no annual plan, unlike with Travel Guard). You can’t add on a “cancel for any reason” rider unless you purchase the most expensive plan, and there is no pre-existing condition waiver available for their basic plan.

Best Cheap Travel Insurance: World Nomads and Seven Corners

World Nomads offers a lot of bang for your buck. It wasn’t quite the cheapest quote I received, but it wasn’t far off. For just $132 — roughly $20 more than the cheapest policy I saw that met my requirements, described at the end of this article — I could insure a $4,000, two-week trip to France with beefier coverage than many other insurers offer at a similar price.

Why We Like It: My quote included up to $10,000 for both cancellation and interruption coverage ($4,000 and $6,000 would be standard), $100,000 in medical coverage, and even $3,000 for lost or stolen baggage or personal belongings (most other insurers provide only $1,000 around this price). If I didn’t mind a $2,500 cap on cancellation and interruption and just $1,000 baggage coverage, I could retain the same level of medical coverage and pay only $89 for my policy. World Nomads also covers more than 200 adventure activities like skiing and bungee jumping that would require expensive add-ons or exclude you from coverage with other companies.

What to Watch For: World Nomads doesn’t offer group coverage or plans for travelers over 70. Because it only has two plan levels and lacks a lot of add-ons that other companies offer, coverage isn’t very customizeable. Finally, luxury travelers won’t be able to get coverage with World Nomads, which only insures trips up to $10,000.

Seven Corners has a wider range of plans than World Nomads, including plans for groups and students, expatriates and even outdoor-sports enthusiasts. It also offers medical-only coverage. I received a travel insurance quote that met my requirements for $11 less than World Nomads, but the plan wasn’t quite as robust. Still, it was better than most comparably priced plans.

Why We Like It: Though trip cancellation and interruption was standard at $4,000 and $6,000, the medical coverage went up to an impressive $150,000, and $2,000 was available for lost or stolen baggage or belongings on the Round Trip Choice plan. Stepping up to the Elite plan would allow $250,000 in medical coverage and $2,500 for baggage.

What to Watch For: At $94, their basic plan was a good value, but the $10,000 in medical coverage was much skimpier than World Nomads’ basic coverage.

Best Travel Medical Insurance: HTH Worldwide and IMG

While most travel insurers focus on trip cancellation plans that throw in travel medical insurance as an afterthought, HTH Worldwide focuses on comprehensive travel medical insurance that you can purchase separately from other travel plans.

Their website offers two short-term plans: a preferred option with the most comprehensive coverage that requires you to have a primary health plan, and an economy option that does not require another health plan but offers less coverage of pre-existing conditions. Other options include plans for groups, frequent travelers, expatriates, and students.

Why We Like It: The easy-to-understand plan clearly state benefits, exclusions, and FAQs. An impressive mobile app helps travelers identify English-speaking providers and request an appointment wherever they are. There were flexible deductibles of up to $500 and coverage maximums that ranged from $50,000 to $1 million. Plans pay 100% of most health services after your deductible is met.

What to Watch For: There is no adventure sports coverage, and the economy single-trip plan has a long 180-day pre-existing conditions exclusion.

IMG has served more than a million people around the world since 1990, and it offers a dizzying array of travel medical plans. However, you can also purchase packages that include more traditional travel insurance benefits including trip cancellation and lost baggage.

Why We Like It: IMG might be a good choice for niche travelers. While it offers plans for short-term and frequent travelers; groups; and students; it also provides niche policies for missionaries, marine crew members, and adventure sports. “Green” plans even allow eco-conscious travelers to shrink their carbon footprint.

What to Watch For: Unfortunately, IMG’s website can be hard to wade through, with small print and far too many drop-down menus. They offer website-based account management, but no mobile app for travelers who have health issues on the road.

Five Tips for Buying the Best Travel Insurance

If you’re still feeling overwhelmed by your choices, remember that there is no single plan or provider that will be best for every traveler. Focus on where you’re going, what you’re doing, and what you’re spending to find the best travel insurance choice for you.

Here are five tips that will help you shop for the best travel insurance for your needs:

Tip No. 1: Carefully Consider Your Trip

Are you going hiking in a remote part of the Amazon? Or are you planning an elaborate European vacation, with several flights to whisk you from one country to the next?

While extreme, these examples illustrate how much your needs could vary. In the former case, you’d probably want to focus on medical and evacuation coverage; in the latter case, you may want a more traditional plan that has good allowances for trip cancellation or lost baggage.

If you think there’s a decent chance that circumstances may force you to scrap a trip, you can get a “cancel for any reason” add-on for many more extensive travel insurance policies, but you’ll have to add it soon after buying. If you’re a daredevil, there are special plans for hazardous or extreme sports. If you’re heading to the Caribbean in September, you’ll want to make sure your plan covers weather-related cancellations and delays.

In our case, I found a policy that covered some adventure activities — we planned on bungee jumping, cave crawling, and glacier hiking while in New Zealand. I also made sure we’d be covered for natural disasters, since the region is prone to earthquakes. (This wasn’t paranoia on my part: We experienced a small tremor while we were there, and then a huge quake killed almost 200 people in Christchurch, where we stayed on the last leg of our trip, two months after we left.)

Bottom line: Make sure you buy a policy that covers your unique risks, not someone else’s.

Tip No. 2: Shop Around

Travel insurance policies are complex products, so your best bet may be to start your search using a comparison site such as SquareMouth or InsureMyTrip. These sites have excellent search filters that will let you zero in on what you need and directly compare prices much easier than shopping with individual insurers.

An experienced travel agent can also help you pick a policy, though some may earn commissions for steering you toward a certain company. Experts say it’s best to avoid buying a policy directly from your tour company or cruise line, however. These plans will only cover you for your time with that company, but not any other portion of your trip. And if the company goes under, your travel policy (and money) goes under with them.

Tip No. 3: Keep an Eye on Your Budget

Like any insurance product, the cost of a travel insurance plan will vary based on what kind of trip you’re insuring and what kind of coverage you select. Expect most plans to set you back roughly 4% to 10% of the cost of your trip — the greater the percentage, the more comprehensive the plan.

Our New Zealand travel insurance was equal to about 5% of our trip. Age also factors in — the older you are, the more you may pay. However, you may not pay anything for kids under 18 if they’re traveling with you.

Tip No. 4: Be Careful of Exclusions and Loopholes

If you have trip cancellation coverage, read the list of covered reasons carefully — they will be very specific. Consider whether paying extra for a policy that lets you cancel a trip for any reason is worth it, but note that not all policies will let you recover 100% of your costs.

Even the best travel insurance will include other exclusions on other parts of your coverage, too. A few examples: Pre-existing medical conditions and pregnancy generally won’t be covered. Your stolen-belongings coverage won’t pay you back for a lost wad of cash. If civil unrest — even including deadly protests — suddenly make your destination unsafe, you’re probably out of luck.

Tip No. 5: Buy as Soon as Possible

Even though you can wait until closer to departure, it’s best to get your travel insurance squared away soon after making reservations. Every day you wait, there’s a chance something will happen that will affect your plans, but you can’t get a travel insurance policy after you know about it.

For instance, if a Category 5 hurricane clobbers the Bahamas and ruins your trip, your travel insurance would cover you only if you purchased it before the hurricane formed. If recent terror attacks in Paris have made you afraid to go, you’re probably out of luck unless you purchased travel insurance before the attacks occurred.

You’d also be required to purchase coverage as soon as possible to get a waiver for certain pre-existing medical conditions or nab a policy that allows you to cancel for any reason, for example.

How I Picked the Best Travel Insurance Companies

To pick the best travel insurance for coverage options, I focused on companies that offered a wide variety of plans to cover the largest range of trips, including short-term vacations, long-term travel, and business trips. I also considered what add-ons were available for travelers to customize their plans to their liking, and made sure the company doesn’t exclude coverage for very expensive trips. To whittle down my list, I also considered the ease with which a shopper could obtain a quote, compare plans, and read “fine print” that tells them what is excluded from a plan.

To pick the best cheap travel insurance, I compared quotes for a 33-year-old’s $4,000, two-week trip to France. Because most insurers offer several plans, I compared prices for the cheapest that met the following requirements: at least $4,000 in trip cancellation insurance; $6,000 in trip interruption; $50,000 for medical expenses; $500,000 for emergency evacuation; and $1,000 for lost or stolen baggage or belongings. I then compared the quality of coverage among the five lowest-price insurers to make my final picks.

To pick the best travel medical insurance, I focused on companies that offered a wide array of medical-only plans. I considered the flexibility available for customers to choose plans’ deductibles and coverage amounts, as well as quality of coverage (for instance, if you still had to pay co-insurance for services even after meeting your deductible).

Because it can be hard to find quality medical providers on the road, I also considered any ways a company eased that process (for instance, a mobile app or well-executed online account management).

To Find the Best Travel Insurance, Read the Fine Print

The best travel insurance is customizable to your specific needs for a reasonable price. It’s easy to comparison shop with the top companies online, but be sure to read the entire list of plan coverages and exclusions before you pay for a policy.

Having a clear idea of what your travel insurance will and won’t pay for can protect you from nasty surprises in the event of a claim. Consider starting your search by checking out the companies I profiled above — all offer comprehensive, reputable plans to keep you covered on the road. Travel Guard and Travelex are excellent options for travelers who want a wide variety of coverage options, while World Nomads is a particularly good fit for globetrotters on a tight budget — especially if you have adventure activities on your agenda.

Want to learn more about travel insurance? Check out some of The Simple Dollar’s other articles on the topic:

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How Much Does a Filling Cost?

While almost all Americans now have some form of health insurance because of the Patient Protection and Affordable Care Act (popularly known as “Obamacare”), dental insurance is a whole other ball of wax – and far fewer people enjoy its protections.

So if your dentist just discovered a cavity and you don’t have dental insurance (or your policy doesn’t cover much beyond routine cleanings), you might be more worried about the bill than the actual procedure. Fillings can be an unwelcome expense, but there are ways to keep the cost down and keep your teeth in good repair.

What Is a Filling and How Much Will It Cost?

A cavity is a hole in your tooth caused by decay. A filling simply fills that in, hence the name. The procedure includes first drilling out the decaying tissue to make sure that the rot stops — with the aid of Novocaine or other numbing or pain-blocking agent. Once that’s done, the hole in your tooth is filled in with one of a variety of different materials:

  • Metal: Don’t believe that old wives’ tale about mercury in your teeth. Metal fillings these days are made out of silver amalgam. Depending on the size of the cavity, these will cost you between $50 and $150 for one or two teeth and from $120 to $300 for several teeth.
  • Resin: These fillings are meant to blend in — as opposed to shiny metal, they’re the same color as your teeth. That makes them an attractive option if you have a lot of cavities you don’t want people to see. However, resin fillings cost a bit more than a standard metal filling. One or two teeth filled with this material will run you between $90 and $250, depending on the size of the cavities. More than that and you’re looking at between $150 and $450.
  • Porcelain or gold cast: We saved the most expensive for last. Porcelain or gold fillings will run you at least $250 and up to $4,500, depending on how many you need and how big your cavities are.

If you’re suffering from sticker shock, there are some ways you can save a few bucks without sacrificing the quality of your care.

How to Save on the Cost of a Filling

You don’t want to pay too much, but you don’t want to get bargain basement care, either. So how can you save while getting the dental care that you need?

Dental schools: You might be worried about having student dentists work on you, but dental school students are always supervised by dentists while working. Fillings are a routine procedure and depending on where you live, you might actually get better care at this price point by going to a prestigious university’s dental school.

Social discount sites: You probably wouldn’t want to go to a brain surgeon who was selling discounted procedures on Groupon, but remember that a filling is a very basic procedure. Keep your eyes posted on sites like Groupon and see what you can get.

Flexible payment options: Some dentists will give you a discount for paying everything up front in cash. Others will offer you terms to repay the procedure monthly at a price you can afford. Call around about prices and then get other dentists to match the lowest price.

HSAs and FSAs: If you’ve got a health savings account or flexible spending arrangement, you can save some money in there tax-free and then use those funds to pay for the filling procedure. Since the money is taken out before taxes, it’s shielded from FICA withholdings and federal and state income taxes — a double-digit discount of 10% or more for most middle-income Americans.

Fillings might be a decidedly unwelcome surprise, but they’re not going to break the bank. Even if you’re especially strapped for cash, you can get the dental care that you need. That’s one less thing for you to grind your teeth about at night.

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Use Business Principles to Grow Your Personal Wealth

Doug McCormick is a Harvard MBA, entrepreneur, and author who helps families and businesses create wealth. He’s spent decades managing money for institutional clients such as insurance companies, pension funds, entrepreneurs, and high net worth families.

In this interview we talk about his new book, Family Inc.: Using Business Principles to Maximize Your Family’s Wealth, which is based on corporate finance concepts modified for the family’s personal finance needs. Doug shares how how he began investing at the age of seven when his Dad helped him purchase AT&T stock.

We talk about his belief that every family needs a Chief Financial Officer or CFO. And how, even if you don’t own a business, you are an entrepreneur because you sell your labor, which is your largest asset.

Here are some of the important issues that I cover with Doug:

  • How to manage your labor and career as an investment and protect it with the right kinds of insurance.
  • When to consider going back to school and what types of advanced degrees and skills can pay off the most.
  • How education allows you to extend your working career, earn more lifetime income, and have greater financial security.
  • Why typical financial literacy may oversimplify the role of debt and hold you back from achieving success.
  • Staying focused on the big picture of your long-term financial goals by thinking more like a business owner than an investor.
  • How to keep your emotions in check even when the stock market is extremely volatile.

Think like an investor when you choose a job … put your labor into attractive opportunities in industries that are growing and will create advancement and the best compensation. – Doug McCormick

Family Inc. covers a variety of important topics like career, investing, insurance, retirement, charitable giving, and estate planning. No matter your stage in life, it will give you confidence to better manage your family’s finances and make the most of your opportunities.

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5 Clever Ways to Save More Money

For many people, the recession was a loud wake-up call to tighten their belts, cut back on unnecessary expenses, and save more. But now that the economy is slowly regaining strength, consumer spending is steadily rising and savings rates are dwindling.

While there’s nothing wrong with spending when you can afford it, don’t backslide and neglect your long-term financial goals, like building an emergency fund and saving for retirement.

Here are 5 money-saving tips to free up extra cash and help you save money fast.

Tip #1: Create a Financial Routine

Having a financial routine is one of the best ways to master your money and avoid unnecessary expenses like bank overdraft fees and late charges on bills and loan payments. Most people don’t intend to make late payments or overdraw their bank account, but basic money management can fall through the cracks when you get busy or lose focus.

The solution for staying on top of your finances and never getting hit with expensive late fees is to follow a money management system. Establish a Personal Finance Day where each week, without fail, you accomplish tasks like reviewing expenses, verifying credit and debit card receipts, reconciling bank accounts, and setting up bill payments. In my book, Money Girl’s Smart Moves to Grow Rich, I give you the details on the easy system that I use.

Sticking with a routine will help you accomplish more in your financial life, like monitoring a budget, keeping an eye on your investments, and saving more money. It’s also a smart way to catch a would-be identity thief who could wreck your finances.

To find out the best money and productivity tools, check out over 20 of my recommended resources on the Tools page at SmartMovesToGrowRich.com.

Tip #2: Switch to Free Checking

If you’re paying any bank fees, like monthly maintenance charges, ATM fees, or debit card fees, you need a better bank. There are many national and local institutions that charge absolutely nothing. In fact, some even pay you interest that’s higher than current CD rates!

One of my favorite places to find and compare high-interest checking accounts from institutions nationwide is checkingfinder.com. The banks and credit unions in the database are FDIC-insured, have no minimum balance requirement, refund ATM fees nationwide, and offer free online banking and bill pay.

Tip #3: Focus on the Cost of Your Time

A great way to rein in spending is to consider what an item costs you in time, rather than dollars, before you buy it.

A great way to rein in spending is to consider what an item costs you in time instead of dollars, before you buy it.

I’ll use Sarah as an example. She works as an administrative assistant in an insurance office and earns $15 per hour. Whenever Sarah is trying to decide whether to buy something, she divides her hourly wage into the price to figure out how much working time the item would cost her.

For example, if a beautiful pair of shoes catches her eye and they cost $120, she divides $120 by $15 dollars an hour, which equals 8 hours of work. Sarah then asks herself, “Would I be willing to work a minimum of 8 hours in exchange for these shoes?” If the answer is no, she forgets about the shoes. By the way, she’d actually have to work more than 8 hours because $15 is what she earns per hour before taxes.

Tip #4: Cut Healthcare Expenses

Starting in 2014, the Affordable Care Act, also known as Obamacare, requires most Americans to have health insurance or pay a penalty. Depending on your income and family size, you may qualify for financial help.

Assistance comes in the form of an upfront tax credit, which reduces the cost of a plan purchased through your state’s health insurance marketplace or exchange. Even if you already have insurance through an employer, if it’s unaffordable, you may qualify to shop for a less expensive plan on the marketplace, and cancel your policy at work. A workplace plan is considered unaffordable when self-only coverage costs more than 9.5% of your household income.

Another way to cut health care expenses is to enroll in type of insurance known as a high-deductible health plan. These plans offer lower premiums in exchange for higher out-of-pocket expenses. You’re also eligible for a Health Savings Account, which allows you to use funds to pay for medical expenses on a tax-free basis. Read How to Save Money With High-Deductible Health Insurance for more information.

Use the Obamacare Eligibility Calculator at insuranceQuotes.com to find out if you qualify for a health subsidy.

Tip #5: Be a Savvy Grocery Shopper

Most people can save money by eating more home-cooked meals. But don’t fool yourself—buying groceries doesn’t automatically save you money. If you show up at the supermarket hungry and without a plan, you can easily buy more than you need or make expensive choices. So remember that “eating in” should never be an excuse to overspend.

To save on groceries, always plan a menu for at least 3 dinner meals in advance. If you make enough for leftovers, that can give you food for an entire week. Try making the main dish of one meal without meat—like a pasta primavera or a big garden salad—to save more. Coupons can certainly help lower your food bill, but don’t get lured into buying something you don’t need or that isn’t a healthy option, just because you have a coupon for it.

When you’re at the grocery store, only buy what you can eat. Prices for non-food and some non-perishable items—like paper towels, soaps, toothpaste, and drink mixes—can be too high. Do your research to see if prices are lower at local discount warehouse stores or drugstores.

OLAFOCUS: Start keeping price data on the 10 items you buy the most. Use an Excel spreadsheet or a Google doc and enter a row for each item and a column for different stores where you can get it locally or online. You’ll quickly figure out where you should buy different items and know when an advertised “sale” price is bogus. You’ll also see when a price is so good that you might want to stock up. After you master the first 10 items, keep adding more to the list.

I buy many items in bulk at Amazon.com through their Subscribe and Save Program. Not only are Amazon’s prices competitive to begin with, but when you subscribe to receive an item on a regular basis, you get 15% off, free shipping, and it’s delivered right to your front door—saving even more money and time!

Though the economy is improving, be sure to stay diligent in cutting expenses and creating good financial habits. You might be surprised by how much small changes can reduce anxiety about money, improve your financial life, and make you feel more in control of your financial future.

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What Is a Mortgage Refinance? 5 Ways to Know If It’s a Good Idea

My friend Teah, who lives in beautiful Washington state, says, “I’m considering refinancing our mortgage. We built our home 3 years ago and have no intention of moving or selling it for at least 15 to 20 years. Would you create an updated podcast episode about refinancing your mortgage?”

Thanks for this suggestion, Teah. It’s a great time to talk about refinancing because mortgage rates have been slowly creeping up.

If you’re a homeowner, your mortgage payment is probably your largest monthly expense. So it’s wise to stay alert for opportunities to refinance to a lower rate and cut your payment. Plus, your financial circumstances and needs today may be very different than they were when you originally got your mortgage.

In this post, I’ll cover what a mortgage refinance is, common reasons for doing one (in addition to saving money), and 5 ways to know if it’s a good idea for your situation.

What Is a Mortgage Refinance?

Refinancing a mortgage is the process of taking out a new loan that pays off and replaces your existing one. The new loan can be with your same institution or with a different lender.

There are a variety of different refinance loans you can use to accomplish different financial goals. Here are 3 basic types to be familiar with:

1.    Rate-and-term refinance – allows you to get a loan with a lower interest rate, a different term (length of the loan), or both. For example, if you have a 30-year, fixed-rate mortgage at 6%, you could refinance with a 30-year mortgage at 4.5%. That would reduce your monthly payments and the amount of interest you pay over the life of the loan.

2.    Cash-out refinance – allows you to get a loan that’s larger than your existing mortgage so you walk away from the closing with cash. Let’s say your home’s market value is $200,000 and your mortgage balance is $100,000. If you need $25,000 to pay for college or to start a business, you could do a cash-out refinance for $125,000. After paying off the original mortgage of $100,000, you’d have $25,000 left over to spend any way you like.

3.    Cash-in refinance – requires you to pay cash at the closing in order to pay off your existing mortgage balance. This is necessary when you don’t have enough equity to qualify for a refinance (more about equity requirements in just a moment), or you owe more than your home is worth. You also might want to do a cash-in refinance when having a lower loan-to-value ratio qualifies you for a lower mortgage rate or allows you to get rid of mortgage insurance premium (MIP) payments.

There are also government refinance programs, such as the federal Home Affordable Refinance Program (HARP), which gives you the ability to refinance to current mortgage rates, regardless of your loan-to-value ratio. It’s available until September 2017 for mortgages taken out before June 2009 that are backed by Fannie Mae or Freddie Mac. To find out if you’re eligible, click here.

If you have an existing FHA or VA mortgage, you may qualify for a “streamlined” refinance program that requires less paperwork than a typical loan. Check out the FHA Streamline Refinance and VA Streamline Refinance programs to learn more.

If you experience a financial hardship, there may be special government refinance programs designed to help you avoid foreclosure, depending on where you live. So be sure to do your homework and ask potential lenders about all the national and local refinance options you may be eligible for.

You may also need to refinance a mortgage if you want to remove a co-borrower, such as an ex-spouse, from your loan. But if one spouse doesn’t have sufficient income and credit to qualify for a refinance on his or her own, you best option may be to sell the property instead of refinancing

Is Now a Good Time to Refinance a Mortgage?

Even though mortgage rates are still near historic lows, the staple 30-year, fixed-rate mortgage has risen to an average of 4.13%. That’s the highest we’ve seen in 2016.

Now that you have an overview of mortgage refinancing, you may be wondering if now is a good time to pull the trigger on one. Most refinances are rate-and-term loans—especially when mortgage rates are falling.

But what about when rates are going up? That’s the situation in the U.S. right now. Our economy is getting healthier because unemployment is down, personal incomes are up, demand for housing continues, and the dollar is getting stronger.

The downside of a strengthening economy is that mortgage rates typically go up. Even though they’re still near historic lows, the staple 30-year, fixed-rate mortgage has risen to an average of 4.13%. That’s the highest we’ve seen in 2016.

5 Ways to Know If You Should Refinance Your Mortgage

Here are 5 ways to know if doing a rate-and-term refinance is a good idea:

1.    You have an adjustable-rate mortgage (ARM).

Buying a home with an adjustable-rate mortgage comes with lots of advantages like a lower rate, a lower monthly payment, and being able to qualify for a larger loan when compared to getting a fixed-rate mortgage. With an ARM, when interest rates go down, you feel like a genius because your monthly payments get smaller and smaller.

But when rates go up, you can feel panicked as your mortgage payment increases month after month. There are caps on annual increases, but your rate could double within just a few years if rates have a significant spike.

Instead of worrying about how high your adjustable-rate payment could go, consider refinancing to a fixed-rate loan. That locks in a reasonable rate that will never change. You’ll have a monthly payment that’s the same, no matter what happens in the economy. A stable mortgage payment certainly makes it easier to manage your expenses and stick to a spending plan.

2.    You could get a lower interest rate.

If you bought a home when mortgage rates were lower than they are now, you’re sitting pretty and don’t need to refinance. But if you’re paying at least 1% to 2% more than the going rate—which, as I mentioned, is just above 4% right now—you’re in a great position to consider refinancing.

You need to do your homework, however, and understand exactly what it will cost. The total fees for a mortgage refinance could run as high as 3% to 6% of the outstanding balance, depending on the lender and location of your property.

The total fees for a mortgage refinance could run as high as 3% to 6% of the outstanding balance, depending on the lender and location of your property.

Fees go to a variety of professionals who participate in a refinance, such as the lender or mortgage broker, property appraiser, closing agent or attorney, surveyor, inspector, local government, and maybe others, depending on where you live. It’s rare, but you could also have to pay a prepayment penalty to pay off your current mortgage early.

If you can’t afford to pay closing costs upfront, you may be able to roll them into the new loan. But that increases the amount you borrow and may also increase your interest rate. Always ask potential lenders for a side-by-side comparison of the cost and terms for different loan options, so you can evaluate them carefully.

3.    You don’t plan on moving for several years.

Once you know what a refinance will cost, you need to make sure you’ll own your home long enough to cover the expense, otherwise you’ll end up losing money. A good rule of thumb is that it generally takes at least 3 years to save enough money on a refinance to make it worthwhile.

However, you should do the math to know exactly how long it’ll take to break even. In other words, when do you move from being in the red to being in the black on the deal?

To figure how long you’d need to stay in your home to reach the break-even point for doing a mortgage refinance, divide the monthly savings into the total closing costs.

Refinance break-even point = Total closing costs / Monthly savings

For instance, if your closing costs are $5,000 and you save $150 a month on your mortgage payment by refinancing, it would take you 34 months or just about 3 years to recoup the cost: $5,000 total costs / $150 savings per month = 33.3 months to break even.

If you stay in your home at least that long, you’ll pass the break-even point and come out ahead. But if not, refinancing probably doesn’t make sense and you should keep your current mortgage.

4.    You have enough home equity.

When shopping for a mortgage refinance, another important issue that could make or break the deal is how much home equity you have. Equity is the difference between what your property is worth and how much you owe on it. For instance, if your home is worth $400,000 and you owe $300,000, you have $100,000 or 25% equity ($100,000 / $400,000 = 0.25).

The best situation for a refinance is to have at least 20% equity.

The best situation for a refinance is to have at least 20% equity. If you have less, you can still find lenders to work with you. However, unless your credit is excellent, you’ll typically pay a higher interest rate when you have low equity.

In addition, when you don’t have 20% equity, you’re on the hook for private mortgage insurance (PMI). Adding PMI to your new loan and paying a higher rate could cut your savings and give you a much longer break-even point.

If you’re not sure how much home equity you have, or know that you have very little, don’t let that stop you from inquiring about your options to refinance and save money.

5.    Your finances are in good shape.

Unless you qualify for one of the government-backed refinance programs that I mentioned, a mortgage refinance lender typically evaluates you in 3 areas:

  • Your income and employment history
  • Your credit and payment history
  • Your assets and liabilities

The higher your income and credit scores, and the lower your debts, the lower your interest rate. So, if you’re unemployed or your credit took a dive due to a hardship, wait until your overall financial situation has improved before making a mortgage application. Good credit can save you thousands on your mortgage.

Best Places to Shop Your Mortgage Refinance

I recommend shopping a refinance with the lender who holds your current mortgage, plus one or two well-known companies, such as:

Let your mortgage company know that you’re shopping for the best offer. They may be willing to waive certain fees if some of the required work, such as a title search, survey, or appraisal is still current for your home.

If you investigate doing a refinance and decide that it’s not worth the cost, another strategy to save money is to ask your lender for a mortgage modification on your existing loan. If you’ve experienced a financial hardship, like job loss, medical bills, or owe more than your home is worth, you may be able to negotiate modified terms, such as a lower interest rate, without having to pay for a full-blown refinance.

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Best Motorcycle Insurance in New York

I researched five top motorcycle insurance companies in NYC and one thing I noticed right off the bat is that premiums can vary greatly depending on a bunch of factors. For instance, the state average is $616 a year, but I was quoted anywhere from $2,037 to $605 for the same exact policy. The company you choose can have a huge impact on how much you pay — that’s why it makes sense to shop around. You can use the quote tool below to get started.

The Best New York Motorcycle Insurance

Motorcycle Insurance Company Best For…
Nationwide Best Overall
Dairyland Bare-Bones Coverage
Progressive Coverage & Discount Offerings

To find the very best motorcycle insurance in New York, I started my research with five companies that had an A.M. Best rating of “A-” or better (which is the second highest financial strength rating a company can receive) and that offered all the basic coverages: liability, uninsured motorist, medical payments, property damage liability, collision, and comprehensive coverages. (Basically, I used the same methodology as The Simple Dollar’s national motorcycle insurance review). Why? Coverage options and customer support tools are important, but the most important job an insurer will ever have is to pay your claim. I wanted all my recommendations to have the financial stability to payout without a hitch. Once my list was settled, I started getting quotes.

Since insuring motorcycle is slightly different process in NYC than it is upstate, I decided to get quotes for a 35 year-old homeowner in two locations: Buffalo and NYC. I got two different quotes for each profile: one for the minimum coverage required by the state, the other for my recommended coverage. But what about the bikes? After researching Gear Patrol’s top recommendation for the best urban cruiser, I used a 2016 Harley-Davidson Street 750 for my quotes since it can handle the intensity of NYC, but is also comfortable enough for a cruise through upstate New York.

While my evaluation of the companies focused heavily on premium cost, that wasn’t the only factor I considered. I also payed close attention to how many discounts and coverage options each offered as well as how easy it was to obtain quotes online and file claims.

When all of my evaluations were completed and the quotes were all gathered, Nationwide won the award for the best company overall. Dairyland was the overall cheapest option, and Progressive stood out for its many discount and coverage options.

Here’s how my quotes stacked up:

My Annual Premiums for State-Minimum Coverage (20/50/10)

Motorcycle Insurance Provider Profile 1:
35 year-old homeowner in New York City
Profile 2:
35 year-old homeowner in Buffalo
Nationwide $184 $90
Dairyland $117 $85
Progressive $230 $93
GEICO $168 $99
Markel $590 $160

My Annual Premiums for Upgraded Coverage (50/100/25)

Motorcycle Insurance Provider Profile 1:
35 year-old homeowner in New York City
Profile 2:
35 year-old homeowner in Buffalo
Nationwide $605 $265
Dairyland $694 $199
Progressive $759 $343
GEICO $795 $342
Markel $2,037 $1,142

Florida Motorcycle Insurance Reviews

Nationwide: Best Overall

Right from the start I was impressed by Nationwide. Its quote tool was polished, and the quotes themselves were very competitive — if it wasn’t the cheapest option, it was often the second cheapest. And the rest of my evaluation was more of the same. In fact, Nationwide scored second place overall with Progressive edging ahead due to offering a safe driver discount and “actual agreed upon value” coverage. That said, Nationwide isn’t the best option for those who have custom or classic rides that are hard to valuate.

For my NYC rider, Nationwide was the third cheapest option (GEICO’s quote was slightly cheaper) for state-minimum coverage. For my recommended coverage, it was actually the most inexpensive coming in at just $605 for the year. Dairyland, the next closest, was almost $100 more expensive. Nationwide also gave me the second cheapest quotes on both policies for the rider from Buffalo.

While Dairyland was consistently cheaper than Nationwide, it didn’t hold up as well in my evaluation. Nationwide customers can easily file a claim via a mobile app or online, while Dairyland customers have to call an “800 number.” Nationwide also offers a “paid-in-full” discount and a discount for anti-lock brakes, while Dairyland doesn’t. At the end of the day, Nationwide’s coverage and discount offerings as well as its claims process set it apart from Dairyland, and its competitive pricing beat out Progressive.

Dairyland: Cheapest Coverage

If you are looking for the cheapest coverage you can get your hands on, Dairyland might be your best bet – that is unless you own a custom or vintage bike. Dairyland doesn’t offer special coverage for those (or trikes either for that matter). Another downside is that Dairyland doesn’t offer a bundling discount. It does, however, offer a renewal discount each time you renew your policy while Nationwide and Progressive do not.

Dairyland ended up being the cheapest option for all but one of my quotes – it was the second cheapest option for my recommended coverage for the rider in NYC. While I can’t guarantee that it will the absolute cheapest option for you, if you are looking for cheap coverage you will at least want to get a quote.

Progressive: Most Discount and Coverage Options

While Progressive wasn’t quite as competitive in terms of pricing, it did earn a mention in this review due to the quality of its discount and coverage options. For instance, if you’ve been an especially safe driver (without any tickets or accidents), Progressive will reward you with a discount on your yearly premium, while Nationwide does not. Progressive also offers to cover your motorcycle for an actual agreed upon value – no other company I evaluated offers that coverage.

Progressive was the third cheapest option for every quote I received except the state-minimum coverage for the NYC rider. I would have to spend an average of $50 to $100 more if I wanted to Progressive. However, that might not necessarily be the case for you. Since the company has the absolute best assortment of discounts and policy offerings, it’s worth your time to get a quote.

How much coverage do I need in New York?

The State Minimum

First things first: Motorcycle insurance is required in the state (unlike other states like New Hampshire and Washington). The law requires riders to maintain liability coverage in the amounts of $25,000 per person and $50,000 per accident for personal injuries caused to other parties, as well as $10,000 in property damage. This is usually written as “25/50/10.”

In addition to the minimum liability limits, New York also requires riders to purchase uninsured motorist coverage for the same amounts as liability ($25,000 and $50,000 or 25/50). This coverage comes into play if you are injured by a party that is not covered by liability insurance. Also, you are required to purchase $50,000 of liability coverage for any pedestrians that you cause injury to.

My Recommended Coverage

While you can save some serious cash up front by going with state-minimum coverage, that doesn’t mean it’s the best long-term financial decision. The coverage I recommend comes with $50,000 per person and $100,000 per accident of liability insurance as well as $25,000 for property damage caused by you. In addition, I recommend upgrading the state mandated uninsured motorist coverage from 25/50 to 50/100, and including underinsured motorist coverage (this covers expenses above and beyond the other party’s insurance limits should your injury cost more than their insurance company will cover). I also included collision and comprehensive in my quotes to cover my shiny new Harley if I wrecked it on a patch of ice or if it were to get stolen.

The upgraded liability insurance limits are a no-brainer – it would have only cost me $13 more a year. The biggest reason for the jump in price from the state-minimum coverage to my recommended limits is collision and comprehensive and the upgraded uninsured/underinsured motorist coverage.

Here’s why I recommend purchasing upgraded coverage:
Uninsured & Underinsured Motorist Coverage
Everyone knows that riding a motorcycle comes with certain risks (and of course many rewards). For instance, 161 riders were killed in New York between 2004 and 2013 – and think how many more were seriously injured! That’s why I recommended purchasing upgraded uninsured and underinsured motorist coverage. If you were in a serious accident that incapacitated you, you could be facing a ton of medical debt if the person who hit you wasn’t currently covered by liability insurance. Even if they were covered by the state-minimum limits, you could still be in trouble, since the average cost of a total or partially disabling injury was $74,900 in 2013. That could leave you with $50,000 in medical debt.

Collision & Comprehensive
Collision and Comprehensive is a good call for most people, but others might be okay without it – it really depends on your individual situation. For instance if you live in the middle of New York City and your bike is parked outside at night, it makes a whole lot of sense to make sure you could replace it if it gets stolen – especially if you depend on it to get around. However, if you live in a quiet suburb and only take your bike out on weekends and it’s parked in the garage at night, you might be able to sleep at night without collision and comprehensive. The bottom line is that if you can’t afford to lose your motorcycle, then it’s wise to get collision and comprehensive.

The Bottom Line

Nationwide is the best overall, but all five of my top companies have the financial standing and reputability to pay your claims and treat you well during the process. So to find the absolute best rate possible, you’re going to have to get compare quotes from multiple companies yourself. It’s the only way to make sure you get the coverage you need at an acceptable rate.

 

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Best Travel Credit Cards With No Annual Fee

Our favorite cards from our partners and the marketplace. This post contains references to products from our advertisers. We may receive compensation when you click on links to these products. Opinions expressed here are ours alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. Please visit our Advertiser Disclosure to view our partners and for additional details

The best travel credit cards often come with annual fees attached. But, there’s good news: There are some great travel rewards cards available that allow you to earn rewards at a competitive rate, and without the annual costs of a premium card. The Amex EveryDay® Credit Card from American Express is one of those cards. Not only does it offer high earning potential for points that can be redeemed for miles, but also you can redeem those miles through multiple airlines. Traditionally, these types of rewards have been reserved for the top cards with an annual fee.

There are two types of travel rewards cards — ones that offer rewards with a single airline or hotel program, and ones through a bank that offer points redeemable for travel rewards. To decide which type is right for you, first take stock of how you travel. If you find yourself loyal to a specific airline or hotel chain, it may be worth it to apply for that company’s credit card. But, if you want more flexibility on where to book, then a card like The Amex EveryDay® Credit Card from American Express will likely be the better option.

The Simple Dollar’s Top Picks for Best Travel Credit Cards With No Annual Fee

  • The Amex EveryDay® Credit Card from American Express
    Best for Redeeming Reward Points
  • Discover it® Miles – Unlimited 1.5x Rewards Card
    Best Cardholder Benefits
  • JetBlue Card
    Best No-Fee Airline Credit Card
  • Hilton HHonors™ Card from American Express
    Best No-Fee Hotel Credit Card

Choosing a Travel Rewards Card with no Annual Fee

If you’re considering a travel rewards card with no annual fee, there are several things you need to pay attention to — how you earn points and the number of points you earn, what other fees the card has, and if it offers other benefits and perks that can come in handy when you travel.

How many points or miles will I earn per dollar spent?

For years, most cards would offer just one point or mile per dollar spent. But today, the best cards will offer more. For example, the Discover it® Miles card offers 1.5 miles per dollar spent on all purchases, while the JetBlue Card features double points for all restaurant and grocery store purchases.

How much are the points and miles worth?

With some cards, points or miles are simply worth a fixed amount as statement credits toward travel rewards. When you redeem rewards from your Discover it® Miles, your miles are worth one cent each as statement credits toward any travel reservations that you’ve already made. If you purchase a flight for $300, you can later redeem 30,000 miles to pay for it.

But when you are redeeming airline miles or hotel points, you have to figure out the value of the travel received in order to understand how much each point or mile is worth. For example, if you have to redeem 40,000 Hilton hotel points for a free night in a hotel that charges $200 a night, then you know those points are only worth a half a cent each.

Another part of determining the worth of airline miles or hotel points is understanding how flexible the rewards program is. A card like The Amex EveryDay® Credit Card from American Express allows you to transfer your points to miles with different airlines. This allows you to take advantage of the best offers available from several different frequent flyer programs. If you are skilled at redeeming frequent flyer miles, these kinds of reward points may be the most valuable to you. But, be wary of free flights — an airline may claim to offer award flights for a reasonable amount of miles, but the miles aren’t worth much if you can never find a flight for that price.

Are there other fees?

Most credit cards still impose foreign transaction fees on all charges processed outside of the United States, typically around 3%. So, even if a credit card offered rewards worth 2% of spending, having to pay a 3% foreign transaction fee would outweigh the value of the rewards earned, so it makes no sense to use a card like that outside of the US. Fortunately, a growing number of credit cards no longer impose this unnecessary fee, including some of the top travel reward cards including the Discover it® Miles and the JetBlue Card.

Continue reading “Best Travel Credit Cards With No Annual Fee”

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What Shooting Pool and Financial Peace of Mind Have In Common

It’s kind of crazy. Ever since I started writing for the QuickQuote blog, so many things remind me of how important planning financially for the future really is. Just going about my daily routine or getting away on vacation can start me thinking about term life insurance’s role in securing peace of mind.

Playing Pool And Planning For The Unexpected

For example, over the Columbus Day weekend, my family and several other families jointly rented a vacation house at the beach in Lewes, Delaware. To my surprise and delight, the house had a pool table in the basement. I was thrilled! I’m known to be a bit of a pool shark. When I was a kid, my dad was on a league and we had a regulation-size slate pool table in our basement. Yeah, I became respectably skilled at the art of eight ball, nine ball, cutthroat, and pill pool.

With much of our recent beach weekend spent indoors because of rain, I had an opportunity to rekindle my love of billiards playing eight ball with my husband, brothers-in-law, and one of their long-time friends.

As I won some and lost some (I’ve still got it, but I’m out of practice), I thought about how playing pool parallels life in general.

  • While you have some degree of control over what happens, other factors affect what you need to deal with.
  • All can be going according to plan, but then the unexpected can happen quickly, and without warning.
  • You can be ahead of the game one moment but find yourself struggling later.

The twists and turns of the unexpected when playing a game like pool or any other game are here and gone, but the unexpected in life can have lasting impact.

Luckily, there are some things you can do to keep unanticipated circumstances from ruining your family’s future.

Getting life insurance is one of them.

Laying It Out On The Table

Did you know that four in 10 adults have no life insurance?1

That means six out of every 10 people might have families at risk of financial hardship if something were to happen to their primary wage earner.

According to a 2012 online survey conducted by Praxis Research on behalf of ING U.S., half of the people surveyed who did not own life insurance viewed it as an expense they couldn’t afford.

So, the perceived cost of life insurance appears to be a key reason why families don’t have a safety net in place to protect their quality of life in the event of the unthinkable.

But what many people don’t realize is how affordable term life insurance policies can be.

  • They allow you to purchase the greatest amount of coverage for the lowest premium compared to other forms of life insurance.
  • They provide coverage for typical term periods of 10, 15, 20, 25, or 30 years. You could even get policies for shorter terms. Shorter terms have lower premiums than longer terms.
  • Most allow you to convert your term policy to a permanent policy within a certain period of time.

Best of all, you can get a quick, no-hassle quote online.

Term Life Insurance: Your Best Shot

Unfortunately, there’s no magic eight ball you can use to view what the future holds for you. But an affordable term life insurance policy gives you some control over your family’s financial future should the unspeakable happen to you.

Don’t leave the table wide open to risk; take some time to explore the flexible term life options available to protect your loved ones. You’ll appreciate the newly found financial peace of mind.