One aspect of life that’s often overlooked is insurance—car, health, life, etc. Being smart fiscally isn’t just about owning some stocks or real estate; it’s about having your entire life portfolio in order.
In America, we’re greatly underinsured. One stat that’s floating out there says that only 47% of U.S. households own any individual life insurance. Are you one of the uninsured? Most people rely on their employer to provide their insurance needs. What about the self-employed?
According to the National Safety Council one unintentional injury death occurs every six minutes. And this brings up another questions. How good is your insurance? They’re not all the same by any stretch.
I don’t have any concrete recommendations for affordable life insurance at this time, but a quick search on Google (or talking with friends and family) will start you down the right path. And it should go without saying that you must do your homework. The world is loaded with insurance providers.
Remember, when someone dies, there’s not just costs associated with the death, but ongoing loss as well—especially if that person was the breadwinner in the family.
Be a smart person and make sure all of your financial aspects are in order.
My name is Jason A. Martin. I'm an investor/trader, financial writer and entrepreneur. This is my blog. I also run a social media integration & cross-media design company. If you'd like to follow me on twitter, here's the link: Jason A. Martin
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My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know.
Jason
7 Comments
I agree completely.
Insurance is something you usually can’t afford when you know you need it – you need to plan ahead.
Braaak
3/21/2008
Great Advice. I know last time I received quotes for insurance I ended up saving over $1,000 a year.
Kevin
4/8/2008
It’s important for those who do have life insurance to review their coverage on a regular basis. As life changes, so do your needs; as well, there may be new products on the market that are cheaper and better suited for you.
Carin
4/9/2008
Life insurance is a real necessity so we should start planning ahead of time. It is also very important to review the coverage of the insurance. I do have planned it from a long time and hope to get good returns.
Kelli Myers
4/24/2008
Thanks for the interesting post.
Aloha,
Keahi
Keahi Pelayo
5/28/2008
Having insurance whatever kind it is should always go with a plan so it will not be hard to deal with it when the time of death comes.
Great post!
government small business grants
6/14/2009
Life insurance is only one piece of the puzzle when talking about a financial plan. It should be used in many different ways. To make up for any short comming in your retirement plan becuase of loss in the market or if someone got a late start on their retirement plan. It could be used to also protect someones mortgage so that loved ones can afford to stay in house they currently live in. Can be used to help pay for college. Before you get any life insurance you should always check with a professional regardless if you are investing, getting a mortgage, estate planning or life insurance. Feel free to contact me for any further advice.
Jonathan Varelas
11/6/2009
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