Americans say they want enough life insurance to cover expenses for at least 14 years after the loss of a breadwinner, but in reality only have three years of protection in place. This finding is in line with the Insurance Barometer Study that Life Happens and LIMRA have conducted over the past several years.
It’s funny how people sitting next to you on airplanes sometimes open up and like to talk. This happened to me last week with a gentleman who looked at me and decided I was a good person to talk to, or maybe I’m just a good listener.
He told me his whole financial life history. Don’t ask me why. I didn’t know him, and he didn’t know me, but I listened.
Identity stolen twice, divorced twice, both times expensive, and just remarried at age 66 to a somewhat younger woman who has significant debt.
His career has been varied. Fireman, CPA, boat captain, electrical engineer and now talking about retirement. He will be going from a high-income earner to a low-income retiree.
By sharing these videos you help raise awareness and spread the word. You’ll also help these two young women get an additional $4,000 in scholarship money. For every “like” on these posts and video views from now until June 30, Life Happens will donate an additional $1 to her scholarship fund up to $4,000. Watch, like and share!
First and foremost, you need to prioritize. Ask yourself if those major items you’ve been meaning to buy are really that important. Go ahead and revel in your success conservatively, but plan what you need to do before what you want to do with the additional money. Here are a few simple tips on what to do when you get a raise at work.
When asked if they know someone who has become disabled, the most common response is “no.” Yet, over 8.9 million American workers, over 5% of the workforce, are receiving Social Security Disability Insurance benefits today, and SSDI is difficult to qualify for. If we change the question to: “Do know someone who has had cancer, a bad back or heart problems,” the response invariably becomes “yes.” One of the most enduring myths about disability is the average working American’s assumption that disabilities are most likely to be caused by an accident.