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Oct 1, 2024 | 
cnn.com | Matthew Collister |Joe Dyton |J. R. Duren
Money Insurance / Life Insurance By Matthew Collister Joe Dyton J. R. Duren, CNN Underscored Money Published 4:15 PM EDT, Tue October 1, 2024 Link Copied! Ridofranz/iStock Photo If your family relies on your income to pay your mortgage and other bills, buying life insurance should be on your to-do list. While a traditional term life policy is likely the most cost-effective and flexible way to get coverage, you may also consider what’s known as a mortgage life insurance policy. We receive...
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Sep 30, 2024 | 
time.com | Matthew Collister |Jamie Cattanach |Pete Rathburn |Julia Kagan
An RV, short for recreational vehicle, can be one of the most convenient and comfortable ways to travel, particularly for those who agree that the journey is as important as the destination. Although it’s not as fast as flying, RVs give drivers the opportunity to slow down, enjoy the scenery, and, perhaps most important, bring everything they’d like along for the journey—literally including the kitchen sink.
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Sep 26, 2024 | 
time.com | Matthew Collister |Jamie Cattanach |Jill Cornfield
Many companies sell homeowners insurance in the US. However, the 10 largest home insurance companies account for over half the overall market share. So if you’re looking for coverage, chances are you’ll get a quote and consider buying coverage from one of those leaders. Our review includes seven of those 10 insurers. Compare their costs, third-party rankings, and more.
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Sep 24, 2024 | 
time.com | Jamie Cattanach |Matthew Collister |Jennifer Cook |Julia Kagan
Cash value life insurance, which is a type of permanent life insurance, can help you provide for your family (or other beneficiaries) after your death while offering a savings feature from which you can benefit while living. Any permanent life insurance policy, such as whole or universal life, typically has a cash value feature that acts as a sort of savings account. It’s funded with part of your premium payments and earns interest depending on the specific type of life insurance policy.
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Sep 10, 2024 | 
time.com | Matthew Collister |Lee Huffman |Wendy Connett |Julia Kagan
The U.S. life insurance market is a crowded one. By one estimate, more than vie for Americans’ life insurance premium dollars. Many of these companies market policies to seniors. We’ve reviewed several leading providers of senior life insurance, looking at the types of policies offered, maximum issue age, and more. If you’re in the market for senior life insurance, check out the following.
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Sep 10, 2024 | 
time.com | Matthew Collister |Lee Huffman |Daniel Liberto
Anyone who’s supported an ailing parent or loved one understands the many challenges of providing long-term care. Even in relatively good circumstances, providing care can be physically, emotionally, and financially draining. Long-term care (LTC) insurance can alleviate some of this burden. It’s a type of insurance that covers the cost of services not typically covered by private health insurance, Medicare, or Medicaid.
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Sep 3, 2024 | 
time.com | Matthew Collister |Catherine Hiles |Aja McClanahan |Jess Ullrich
If you imagine the typical life insurance buyer, you may think of a young couple with a newborn and a mortgage. However, people at other stages of life can also benefit from life insurance, including seniors whose children are grown and whose mortgages are long since paid back. Burial insurance policies are typically marketed to seniors as a way to set aside money for end-of-life expenses, such as a funeral, burial, or cremation.
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Sep 3, 2024 | 
time.com | Matthew Collister |Catherine Hiles |Aja McClanahan |Jess Ullrich
As a small business owner, you understand that success requires a lot of hard work and careful planning. Hopefully, you’re prepared for the unthinkable—a significant financial loss due to a fire, theft, accident, lawsuit, or other incident. That means having adequate small business insurance. The good news? You have a lot of choices for small business insurance. The bad news? All those choices can be tough to sort through. (You have a business to run, after all).
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Aug 6, 2024 | 
time.com | Matthew Collister |Wendy Connett |Julia Kagan
As a form of permanent life insurance, variable universal life (VUL) offers two things. First, it pays a death benefit to the policyholder’s beneficiaries. Second, it offers “living benefits,” in the form of cash value that the policyholder can access while still living. This growth of a VUL policy’s cash value is based on the performance of investment subaccounts chosen by the policyholder. VUL offers no guarantees. If an investment portfolio provides strong returns, the policy’s cash value grows.
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Jul 23, 2024 | 
time.com | Matthew Collister |Katelyn Peters |Julia Kagan
According to a recent study by Insurance.com, the national average annual cost for home insurance is $2,601, assuming $300,000 of dwelling coverage. This cost varies by state. The cheapest, Hawaii, has an average annual rate of $613. The most expensive, Oklahoma, has an average annual rate of $5,858. Leading homeowners insurance companies’ rates rose an average of 11.3% in 2023.
