May 6, 2015
Figuring out if you need to protect your paycheck—really, your ability to earn an income—with disability insurance is pretty easy. If you have a job and you rely on your paycheck to meet your monthly bills and financial obligations, you need it.
In essence, disability insurance is there if you suffer an injury or illness and can’t work for an extended period of time. It will replace a portion of your income until you’re able to return to work again.
But most people who are working don’t have this basic protection for the long term, and often it’s because they assume they don’t need it. Here are four common mistakes people make when it comes to understanding disability insurance and its importance in protecting your ability to earn an income.
April 27, 2015
Since when does paying for a cell phone, a vacation or going shopping trump taking care of your loved ones long term? Here are some astonishing facts we found in our new 2015 Insurance Barometer Study, plus an easy and affordable “fix” called life insurance.
April 14, 2015
“It’s too expensive!” is the common refrain when Americans are asked why they don’t get the life insurance protection they need. But—and it’s a big but—80% overestimate how much it costs.
For the fifth year, Life Happens partnered with LIMRA to produce the Insurance Barometer Study, which looks at consumer trends and consumers’ perceptions regarding life insurance, retirement and their financial well-being.
“We’ve consistently seen over the last five years that consumers think life insurance is more expensive than it really is,” says Marvin Feldman, CLU, ChFC, RFC, president and CEO of Life Happens. “We need to help educate the public about how affordable life insurance can be.”
Here are more findings:
February 26, 2015
Do you know how much it takes to raise a child these days?
Are you sitting down?
That would be almost a quarter of a million dollars.
It cost $245,000 to raise a child born in 2013 until they hit 18, according to the U.S. Dept. of Agriculture.
This is not about a luxury upbringing. This is no Kardashian-esque baby outfitted in cashmere onesies. This is not about a privileged college education, because these numbers do not include the cost of college. That’s extra. Add on about $14,000 a year of public and $41,000 for private college.
This number, $245,000, is a place to live, food, clothes, health care—the basics.
December 17, 2014
As a parting gift for 2014, here are a few of our top posts that spurred the most comments, shares and likes. Enjoy!