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Overweight? Here’s the Lowdown on Life Insurance

If you struggle with your weight, you already know you have plenty of company. The Center for Disease Control (CDC) says nearly 40 percent of U.S. adults – 93 million people – are classified as obese. This is in addition to the vast numbers of others who are overweight, but not actually obese. The statistics add up to about 68 percent of Americans, according to some surveys. Do You Know Your BMI? The CDC defines overweight and obesity by using weight and height to calculate a number known as the body mass index, or BMI. An adult who has a BMI between 25 and 29.9 is considered overweight. To calculate your BMI, see the CDC’s Adult BMI Calculator. Or find your height and weight in this BMI Index Chart from the National Heart, Lung and Blood Institute. BMI is used as a screening tool. It’s not an absolute measure of the body…

Tips for Getting the Best Life Insurance Quote for You

When scoping out life insurance options online, you’ll likely find no shortage of options. It’s important to understand the process so you come away with the best, most accurate, quote for your situation. Selecting a Credible Life Insurance Resource Finding an agent that can shop multiple life insurance companies remains key to the buying process. This agent can find the best prices and policies to fit your needs. As with many purchases, this process often begins online. Look for a provider that puts you in contact with an agent for an interactive conversation before providing a quote. While it may be tempting to simply fill out an online form for a digitally generated quote, the chances of inaccuracies are high. It’s important to talk to someone who knows the right questions to ask. Since the accuracy of your quote depends on a variety of health and lifestyle factors with many…

Top 12 Questions (and Answers) About Life Insurance

Even the most calm and collected person can become confused by the prospect of getting life insurance. So many of us know we need life insurance, but we also feel we don’t understand it enough to make the best decision. Good thing at SelectQuote we know when it comes to investing your money in ANY kind of purchase, the only stupid question, as the saying sort of goes, is the one you didn’t ask. There’s a funny thing about so-called dumb questions—a lot of people have them. And with that, here you can find answers to some of the questions you have about life insurance but don’t feel comfortable asking out loud. Do I Need Life Insurance? If anyone depends on you bringing in money in order to survive, you need life insurance. It’s a great comfort to know your loved ones will have much-needed money in the event of…

What You Need to Know About Motorcycle Insurance

For motorcycle enthusiasts, a weekend trek with the motorcycle community is many rider’s idea of paradise. Don’t have the right motorcycle insurance? Paradise can quickly turn into something else. To stay in motorcycle bliss, make sure to protect yourself, your precious bike and others. Before selecting or renewing motorcycle insurance coverage, here’s what you need to know. First, you need insurance. Most riders are required by law to — at a minimum — to purchase liability coverage. Motorcycle Liability Coverage: Bodily Injury and Property Damage For motorcycle liability coverage, there are two different types: bodily injury liability and property damage liability. Bodily injury liability helps cover costs for others if you cause the accident. It addresses medical costs, loss of income, as well as funeral costs in event of a fatality in an accident. Property damage liability covers the damage to another motorist’s property. Minimum liability insurance requirements vary by…

9 Reasons Homeowners Insurance Claims Are Denied

Year after year, you send that premium payment for your homeowners policy. When accidents happen, you expect the insurance company to cut a check for the full extent of the damage to your home, no matter the amount or what caused it. It doesn’t always work that way. What you think you’re entitled to under your policy and what the carrier believes they owe you are often two very different dollar figures. Don’t take it personally. Remember, carriers have to price your coverage based on statistics, probability and risk. They can only pay to the extent a claim is based in cold, hard facts, policy language and evidence. If your claim falls under one or more of the criteria below, there’s a good chance it will be reduced or denied altogether. But alas, insurance companies don’t take claims personally, either. We’ll follow with ways to ensure your property is covered…

What is Dependent Life Insurance

No one likes to think about the death of a loved one. Especially a spouse or child. But just as life insurance for yourself protects your family, dependent life insurance alleviates the financial burden of a dependent’s untimely death. Dependent life insurance is often offered as an add-on to your life insurance through an employee benefits plan. You can typically purchase varying amounts of coverage depending on your needs and budget. Who Qualifies as a Dependent for Life Insurance? Dependent life insurance plans typically cover your spouse and dependent children. Spouse. Depending on your plan, a spouse is usually defined as the person to whom you are legally married. This can also include common-law marriages. A domestic-partner may not be considered a spouse. If applicable, check your plan. Children. Dependent life insurance extends to biological and adopted children, as well as children under your legal guardianship. Your child’s age also…

Home Sweet Homeowners Insurance: Everything You Need to Know About Getting Covered

There’s no place like home. That’s why it’s so important to protect your home with homeowners insurance. While the paperwork can sometimes seem overwhelming, there’s nothing more rewarding than the peace of mind that comes from knowing you have the right amount of homeowners insurance. If you’re ready to get a better understanding of how your coverage works and to see if you need to make any updates to your policy, these tips can get the job done faster than you imagine. Homeowners Insurance Requirements First things first. For most of us, homeowners insurance isn’t optional. Why? We don’t actually own our homes. Banks do. Until your mortgage is paid, your bank or mortgage company is going to require you to carry homeowners insurance. They want their investment protected. The exact specifications can vary, but generally, your lender will want you to have coverage at least up to your outstanding…

The Differences Between Term and Whole Life Insurance

Maybe you’ve heard the adage, “life insurance isn’t for you, it’s for your loved ones.” In the event something does happen to you, you want to take care of your family’s needs. Simple enough. And smart. But deciding how best to provide for your family will likely lead you to the term life insurance or whole life insurance fork in the road. At first glance, the paths will look quite different: Term life insurance is the more straight-forward of the two solutions and less expensive. Whole life insurance (the most common form of cash value or permanent life insurance), on the other hand, offers additional benefits but costs more than term life insurance. So, the key to deciding your direction in life insurance requires anticipating future financial outcomes most beneficial to your dependents. You will want to cover key expenses and plan as if they wouldn’t have your income. To…

7 Ways to Take Control of Your Finances Before the End of the Year

Did you know “saving [more] money” was one of the top three New Year’s resolutions in 2018? Chances are, it will rank among the top resolutions for 2019 as well. No matter how comfortable we are financially, most of us can do more with our money. If you’re among the many people considering a financial resolution in 2019, there are plenty of things you can do before the ball drops. Addressing your finances now to set yourself up for success in January. Here are seven things to consider doing right now: Check Your Credit Report You can check your credit report for free, with no penalty to your credit, once every 12 months. Take advantage! The end of the year is a great time to order a copy of your report from the three nationwide credit reporting companies. Get yours online at annualcreditreport.com (the only authorized website for the job,…

Start Your New Year With an Insurance Checkup

As January approaches, you may be thinking about New Year’s resolutions, usually centered on how to improve your life and the lives of those closest to you by making changes. When was the last time you thought about how well you are protected against an unfortunate turn of events? Insurance, even if you believe you have good coverage right now, is not a one-time, buy-it-and-forget-it product. The new year is the ideal time for an insurance checkup. Life events may change your insurance needs. It’s better to invest just a little time right now to review your coverage than to come up short when you face a critical need for coverage. Reviewing insurance policies probably doesn’t sound like a fun activity, but you have many solid reasons for settling in for a couple of hours of work. Consider the following: You may save money. If you purchased a policy several or…