Eric Rosenberg, provided by Published 7:45 am CDT, Friday, April 19, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. pixdeluxe/Getty Images Eric Rosenberg purchased a $1 million term life insurance policy at 28 years old. Life insurance costs generally go up as you get older, but getting a policy earlier in life can lock in a lower monthly rate for the duration of your coverage. Rosenberg got his policy in his 20s, before he had children. Now that he has two kids, he sometimes wishes he had a bigger policy that could pay for their college and mortgage. Visit BusinessInsider.com for more stories. In 2014, I decided it was time for life insurance. While this is one of the least sexy parts of personal finance, it is a very important one. It was before I had kids and I … [Read more...] about I bought a $1 million life insurance policy, and if I could do it again I might buy even more
Million dollar insurance policy
Áine Cain, provided by Published 10:16 am CDT, Monday, April 1, 2019 Carolyn Kaster/AP Images Sears is reportedly cutting its life insurance coverage for some of its roughly 90,000 retirees. The National Association of Retired Sears Employees told CBS that the average age of affected retirees is 80. Insurance expert David Paige told Business Insider that, as a result of their age and pre-existing conditions, many retirees will not be able to replace their life insurance. Sears survived liquidation, but the same can't be said for its retirees' life insurance coverage. CBS reported that some in the retailer's pool of 90,000 retirees will now have to pay for their own life insurance polices, which were worth at least $5,000. Sears did not immediately return Business Insider's request for comment. Insurance expert David Paige told Business Insider that the news isn't good for retirees. "The thing that is so distressing about this is that it's probable … [Read more...] about Sears is reportedly slashing life insurance policies for some of its 90,000 retirees as the retailer continues to scramble (SHLD)
Tanza Loudenback, provided by Published 8:15 am CDT, Tuesday, March 12, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Helen H. Richardson/The Denver Post via Getty Images Term life insurance is one of the most affordable types of life insurance and a good option for young people. Term life insurance policies last for a fixed amount of time, rather than indefinitely, which means the monthly costs are often the lowest of any life insurance. A term life insurance payout can act as supplemental income for a family if the breadwinner dies prematurely. Life insurance isn't something most young people are thinking about. It may feel difficult to justify paying for another big monthly expense on top of housing, car payments, student loans, and saving for retirement. But … [Read more...] about The insurance policy that can protect a family’s future isn’t nearly as complicated or expensive as you’d think
Best-selling fantasy author Sherrilyn Kenyon has filed a lawsuit against her estranged husband, Lawrence Kenyon, accusing him and his assistant of poisoning her for three years. Kenyon says in court documents that her teeth began to shatter and she lost chunks of her hair due to the alleged prolonged poisoning. The author says the poisoning was a play by her husband to cash in on a $US1 million life insurance policy. A popular fantasy author claims that her estranged husband and his assistant poisoned her food for three years in an attempt to cash in on a $US1 million life insurance policy that he took out in her name without her knowledge. Sherrilyn Kenyon, author of the bestselling “Dark Hunter” series, made the shocking claim in a lawsuit against her estranged husband, Lawrence Kenyon, his assistant, and their former IT specialist, filed January 7 in Williamson County, Tennessee court. INSIDER obtained a copy of the lawsuit from Kenyon’s publicist. In it, the … [Read more...] about Bestselling author claims her husband poisoned her for 3 years in an attempt to cash in on a $1 million life insurance policy
Americans are increasingly treating their pets as members of the family. So it’s not surprising that an increasing number of “pet parents” are seeking sophisticated medical treatments for their animals. Enter pet health insurance, marketed as a way to help defray rising veterinary expenses and avoid “economic euthanasia” — the necessity of putting a pet down because the owner can’t afford treatment. More than 2 million pets in the United States and Canada (most of them in the U.S.) were insured at the end of 2017, up about 17 percent from the year before, according to the North American Pet Health Insurance Association. But consumer advocates said that pet owners should make sure they understand how the policies work before buying them. J. Robert Hunter, director of insurance with the Consumer Federation of America, said pet owners should bring a healthy skepticism when shopping for pet insurance. Purchase of the product is “often … [Read more...] about Are pet insurance policies worth the cost?