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Sep 10, 2024 | 
apnews.com | Carolina Alvarez Pusterla |Katelyn Peters
This content is created by AP Buyline in accordance with AP’s editorial guidelines and supervised and edited by AP staff. Our evaluations and opinions are not influenced by our advertising relationships, but we may earn commissions from our partners’ links in this content. Learn more about AP Buyline here.
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Sep 6, 2024 | 
apnews.com | Carolina Alvarez Pusterla |Maddy Simpson |Deborah Kearns
This content is created by AP Buyline in accordance with AP’s editorial guidelines and supervised and edited by AP staff. Our evaluations and opinions are not influenced by our advertising relationships, but we may earn commissions from our partners’ links in this content. Learn more about AP Buyline here. | Updated September 19, 2024In a nutshellLong-term investments are held by investors for longer in hopes of generating returns despite market fluctuations and uncertainty.
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Jul 4, 2024 | 
apnews.com | Carolina Alvarez Pusterla |Will Kenton
In a nutshellToday’s level of inflation (approximately 3.4% as of April 2024) is likely to have a strong impact on your savings and overall financial planning. High inflation can lead to an erosion of buying power due to a surge in living expenses and increased borrowing costs.
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Feb 19, 2024 | 
apnews.com | Carolina Alvarez Pusterla |Margaret Wack |Holly Johnson |Roger Wohlner
In a nutshellBestow is an online term life insurance provider offering policies to individuals from ages 18 to 60. Coverage amounts range from $100,000 to $1,500,000 in terms ranging from 10 to 30 years. To determine your monthly rate, Bestow asks health and lifestyle questions during the application process.
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Jan 16, 2024 | 
nj.com | Carolina Alvarez Pusterla |Miranda Marquit |Catherine Hiles |Sarah Cain
Happy Money, previously known as Payoff, is an online lender that issues personal loans through its partners for credit card repayment. Qualified borrowers can apply for loans ranging from $5,000 - $40,000. Once approved, credit card debt is consolidated into one fixed monthly payment at a lower interest rate than those typically provided by credit card lenders. Happy Money aims to improve the financial standing of its borrowers by providing access to a number of tools and resources.
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Nov 18, 2023 | 
nj.com | Carolina Alvarez Pusterla
The difference between actual cash value and replacement cost in your insurance policies can mean thousands of dollars in the event you have to file a claim. Read on to understand this fundamental insurance concept. What is actual cash value? If you select an actual cash value (ACV) coverage option when purchasing an insurance policy, the insurer will assess what it costs to replace a damaged or stolen personal property item after accounting for depreciation.
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Nov 6, 2023 | 
nj.com | Sam Becker |Matthew Collister |Jackie Lam |Carolina Alvarez Pusterla
An elevation certificate (EC) is a form developed and used by the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) to determine the potential flood risks to a specific property and how much a homeowner may have to pay in flood insurance costs. This document specifies a number of characteristics of a building including property location, lowest point of elevation and zoning to assess the likelihood of flooding.
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Nov 6, 2023 | 
nj.com | Sam Becker |Carolina Alvarez Pusterla |Matthew Collister |Jackie Lam
You’ve likely heard the word “totaled” used when referring to car accidents. While you may think it merely refers to the fact that a vehicle was “totally” destroyed in an accident, a “totaled car” actually refers to the value of the vehicle and the cost of repairs. Specifically, if a car is “totaled,” it means the cost of repairing it is more than its actual (total) value. As such, it would be more expensive to rehabilitate the damaged vehicle than it would be to purchase a replacement.
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Jul 22, 2023 | 
nj.com | Roger Wohlner |Jacqueline DeMarco |Sam Becker |Carolina Alvarez Pusterla
Whole life insurance is a form of permanent life insurance. As long as you pay the premiums on the policy the coverage will remain in force. When you pass away, the death benefit will be paid to your beneficiaries. In addition to a death benefit, whole life insurance policies have a cash value component where a portion of each premium payment is directed. The cash value portion of the policy earns interest over time. How does whole life insurance work?
