When you’re playing Monopoly and you pull a card saying your life insurance policy has matured, you collect $100. In real life, if your policy matures, you’ll probably get a lot more. A permanent life insurance policy will remain in force for the insured’s whole life or until the policy’s maturity date, as long as...
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Term Life Insurance: A Bargain-Hunter’s Dream?
The average cost of term life insurance has been dropping over the last several years. If it’s been a while since you’ve updated your coverage, consider adding a term life insurance policy to your financial portfolio. Value Penguin, a provider of consumer information, recently released a study of average term insurance costs by age. For...
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How Much Do Speeding Tickets Cost?
Speeding tickets cost you a lot more than you think. Every year, about 41 million Americans, or one-fifth of drivers, get them. Speeding tickets cost drivers more than $6.2 billion in fines, according the U.S. Highway Patrol. Speeding tickets are big business, too. StatisticBrain.com reports that the average annual speeding ticket revenue per U.S. police...
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Protect Yourself from Identity Theft
In 2012, financial losses due to personal identity theft totaled $24.7 billion, over $10 billion more than the losses attributed to all other property crimes measured in the National Crime Victimization Survey. Identity theft affected about 7 percent of Americans in 2012, but not all of them suffered a financial loss. About 14 percent of...
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How to Protect Yourself from Social Media Liability
Should you worry about the content of your teen’s tweets or your spouse’s Pinterest posts? All it takes is for one tweet to veer away from commentary to defamation, or one image to invade another’s privacy, and you could face a lawsuit. The liability portion of your homeowners policy covers you for certain types of...
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Airbnb and VRBO – Know The Risks
Home rental clearinghouses such as Airbnb and VRBO make it easy for homeowners to rent out a spare bedroom or a second home when they aren’t using it. This might sound like a good way to earn extra money. Before diving in, consider the risks and your insurance coverage. VRBO and Airbnb VRBO handles mainly...
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Ten Reasons to Buy Long-Term Care Insurance Now
When you consider the growing number of people over 65 in the U.S., the declining popularity of long term care insurance seems troubling. To improve awareness of how this insurance can benefit people, October has been named Long-Term Care Planning Month. Here are ten reasons you might want to consider purchasing long-term care insurance, especially...
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How Your Credit Score Affects Insurance Costs
With the recession of the past few years, many individuals’ credit scores have taken a hit. In addition to affecting your ability to get a mortgage, loan or credit card, your credit score can also affect how much you’ll pay for your insurance. Credit scores range from a low of 330 to a high of...
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End-of-Life Planning
Nobody likes to think of their eventual demise and end-of-life planning, but having the proper arrangements and finances in place can be a final act of love for your family. The need to plan and pay for a funeral can come up suddenly, while settling an estate can take many months. Ensuring you have the...
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Ten Tips to Make You a Better Healthcare Consumer
You have more control over your healthcare costs than you might think. The following pointers will help you become a better consumer, save money and possibly improve your health. Use a network provider whenever possible. To control their increasing provider costs, some insurers have been reducing their network provider lists. When your health plan...
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