Many companies offer incentives to their employees as part of an employment package. These benefits may include things like healthcare, contributions to retirement savings, gym memberships, and even group life insurance coverage.
Buying a term or whole life insurance policy is an uncomfortable, but incredibly important, way to financially protect your loved ones if something were to happen to you. This coverage can provide temporary or permanent coverage that would replace your lost income, pay off debt, and even fund important future expenses like college tuition.
Compared to an auto loan or mortgage, a personal loan is unique in that it can fulfill a number of uses, beyond just funding a major expense. As a result, personal loans can be an attractive financing option for almost any kind of consumer, thanks to their versatile nature and convenient access. It’s true, the growth of online lending has made it easier than ever for people to get quick access to funds from accredited lenders. Before diving into the personal loan marketplace, however, it’s important to ask yourself some simple questions to better understand what your funding needs are.
While a personal line of credit is more commonly categorized as a loan, in reality, it functions more like a credit card. That’s because a line of credit is a form of revolving debt, in which the money you borrow is paid back... only to be borrowed again. There are other similarities between a line of credit and credit card, however, there are also some key differences. Understanding how these two financial products compare and contrast will help in determining which option is the best for a consumer’s personal needs.
Life insurance is arguably one of the most worthwhile expenses when it comes to providing financial protection to those you love. But it is exactly that: an expense. The amount you’ll pay for your life insurance coverage depends on a number of key factors, some of which are within your control while others are not. Here’s a look at the top things that contribute most to your life insurance premiums, and how you can best reduce the cost of coverage while still protecting your family and assets.
For many Americans with dreams of buying a home, certain financial hurdles can make it seem impossible. For example, many cannot afford to cover high down payments or simply don’t have the credit profile that lenders are looking for in a mortgage applicant.
There’s no denying that your finances change a bit once you get married. Most folks open joint bank accounts and share health insurance plans. Both contribute to the home and related expenses, and usually begin saving for the future together.
With two exceptions (New Hampshire and Virginia), every US state mandates drivers to have a minimum requirement of auto insurance coverage. And even in those two exempt states, it’s important to have a policy in place, especially in the case of an accident where you’re found at fault.
There are many reasons why a personal loan is an attractive financing option for American consumers. So much so, that it’s the fastest growing consumer lending product in the US, particularly with younger generations.
What does the average consumer know about car insurance? Well, they know they need it. In 48 states (excluding Virginia and New Hampshire), it’s mandatory by law when owning or leasing a vehicle. Beyond that, there’s probably a lot regarding auto insurance missing from the average American’s lexicon. Since auto insurance is unique from other forms of insurance, in that you have to worry about liability for total strangers, their vehicles, and other property, it’s beneficial to possess a comprehensive understanding of all the industry terminology. Of course, understanding auto insurance terms is especially important when picking out a policy, as there are a wide variety of options for coverage based on different scenarios and geographical factors.
Applying for a new life insurance policy involves answering quite a few personal questions. These questions cover everything from your age and gender to your occupation, hobbies, and even tobacco-use. You’ll often find that many of them are related to your health and medical history.