Learn More About the Basics of Pet Insurance

For many people, their pets are important members of the family, and they want to make sure their pets are healthy. This means regular visits to the vet for wellness checkups and sometimes emergency visits for an injury or illness. Unfortunately, vet bills can get just as expensive as human doctor bills. That’s why some people turn to pet insurance. If you’re not sure whether pet insurance is right for you, there are helpful resources out there to help you decide and provide you with more information. Comprehensive pet insurance covers both emergencies and routine care, which can include vaccinations and wellness visits. If you want to get the lowest price for your pet insurance, you need to purchase it when the animal is young and less likely to need medical attention. Pet insurance is a good thing to have for any pet owner who might not be able to afford an emergency medical situation, which can average between $800 and $1,500. However, like most human health insurance, no pet insurance company covers pre-existing conditions. The three types of pet insurance available are wellness, illness, and accident coverage. Additionally, some companies offer specialized coverage for protection against cancer treatments. Unlike … Read more

Deciding Whether Group Life Insurance Is Right for You

How much do you know about group life insurance policies? According to Health IQ’s recent survey, only 5 percent of millennials understood the biggest risk of having a group policy without an individual life insurance policy compared to baby boomers (67 percent) and Gen Xers (57 percent). Group life insurance policies are offered through an employer or a membership organization, such as a church or club. As with most services and products, these insurance policies have their pros and cons for individuals. Group policies can cost considerably less than other options and require no medical exam or medical underwriting. However, they tend to be less comprehensive and portable. Before choosing a life insurance policy, decide what your family will need if the unthinkable happens. Some families may need only to cover funeral costs, while others will have significantly more needs after a loss of income. Group policies typically have low limits and values, and if you change jobs or discontinue membership, you likely won’t be able to take your policy with you. This situation could leave you in the uncomfortable situation of having to find a new life insurance policy quickly and without the discounted rates you enjoyed with your … Read more

5 Beliefs About Debt That May Prevent You From Improving Your Payoff Strategies

Most Americans struggle with personal debt and count money worries among life’s top stressors. Rising debt is creating a financial crisis for many families, and if you find yourself struggling to pay off debt, you may wonder why financial freedom seems so hard to achieve. Oddly enough, your own beliefs about debt and how to pay it off effectively may be holding you back. Looking at your debt and how you handle it in a new light can help you understand which payoff strategies are working and which need to be changed or discarded. 1.      Student Loan Payments Are Rigid Student loan debt is quickly outpacing credit card and mortgage costs for many families, thanks to the rising cost of education. You might even be working to pay off your own student loans as you look for ways to make college more affordable for your children. However, how you view your student loan debt may be preventing you from paying it back efficiently. One common misconception about student loans you may be laboring under is that your monthly payment amount is rigid and difficult to lower. However, there are ways to make it more affordable. One strategy is to contact … Read more

Test Your Flood IQ with Health IQ

How prepared are you to deal with a flood? No one wants to think about a home or neighborhood being hit by rapidly rising floodwaters. However, as with any natural disaster, you need to consider what steps you should take to minimize potential danger and damage. For this reason, Health IQ has designed a quiz to test your knowledge of important flood issues. For example, what four items does the Federal Emergency Management Agency (FEMA) recommend you prioritize when collecting supplies in preparation for a possible flood event? If you are making your way through 6 inches of water, what is the biggest risk to your safety? If your car is filled with 6 inches of water, which challenge are you most likely to face — flat tires or a stalled engine? Once the waters recede, flood victims face a different set of problems. How does your homeowners insurance policy deal with flood coverage? What is and isn’t covered by that plan? Can you rely on federal assistance in the aftermath of a flood, and what form will that assistance take? Without an understanding of how flood insurance works, you may find that you don’t have the protection you need. … Read more

Term Life Insurance Vs Mortgage Insurance

Your dream of owning a home has finally come true. Now you have a place to raise your family, one that’s warm, welcoming, and secure. But that security is something you have to create and maintain while the mortgage is being paid down. If you don’t keep up with the monthly payments, you put the home at risk of being lost. So you go to work and focus on your efforts to hold onto your home. But there’s always that thought of “what would happen if I die today?” It’s a normal thought to have, and the risk of you dying today are small, but you want to do something to provide security if you do. A mortgage life insurance policy is one option, but it may not be the most optimal. It does pay the mortgage off, but there’s no other benefit outside of that. If you want your family to have financial security, you need to go further with a life insurance policy. A life insurance policy provides your beneficiaries with enough money to pay down the mortgage as well as cover debts that were left behind, such as a car note or schooling costs. And if there’s … Read more

Smart Strategies to Save Money on a Dream Wedding

You may have had your dream wedding in mind since you were young. But as a child, you may not have been able to understand the costs associated with this special day and how quickly they can add up. But you shouldn’t have to go into debt just because you want a fairytale beginning. The following are smart strategies that can help you save money without sacrificing all of your romantic dreams. Be Mindful of the Guest List Staying true to your budget can be a challenge, especially with ever changing plans. Unfortunately, unexpected issues such as car repairs and household expenses are going to continually arise. If you’re planning for a wedding and looking to trim costs, the first place to start is the guest list. The more people that you invite, the more food, beverages and favors you’ll need. Keep your wedding a more intimate affair by only inviting close friends and family members. Since children can be costly, make your wedding an adult’s only celebration. Save in Advance Most couples hope to make their wedding unforgettable. But it can take time and careful planning to prepare for this special day. Weddings also cost a pretty penny. Although … Read more

3 People Who Should Have Life Insurance But Don’t

You might be surprised at how many people in America do not have life insurance. Then again, you might not be surprised. Only about 62% of American adults have some form of life insurance. And while this is much better than nothing, there are many people who would greatly benefit from having an appropriately outfitted life insurance policy. There are significant populations who would be much better prepared for the future with life insurance, but who have comparatively few members who participate in this financial preparation tool. Here are three of the groups who could use life insurance the most. Parents with young children (or, really, children of any age below 18) are frequently found to be without life insurance. This can happen for many reasons, but the two most common are a feeling of financial insufficiency and simply not paying attention to the issue. Parents may feel like there is not real need for life insurance. This might be due to their feeling that they aren’t in danger of early death because of their health, family history, or personal caution. Still, unfortunate accidents can happen. In most cases, if any parental partner were to lose their life, immediate financial … Read more