Age Matters. Budget Your Time as Well as Your Money

Life seems so much easier for older people. They’re financially secure. They get senior deals at restaurants. They’ve already lived through most of their tough times.

But there are some advantages to being young besides great skin and the ability to lose ten pounds in a month: Like time.

If you’re in your twenties or thirties, you have years to relish the great moments that are ahead of you, plan for your financial future, and make a difference as well as make mistakes and learn from them.

You also have time to take advantage of life and financial advice from the older and wiser.

Timeless Words of Wisdom You’ve Probably Heard from Your Elders

A penny saved is a penny earned.

Learn to budget – and stick to it. A budget enables you to know where your money comes in and where it goes out. There’s no substitute for seeing it laid out in front of you in black and white.

Some other tips for sound financial planning while you’re still young:

  • Automatically put some of your direct deposit into a savings account.
  • Round up purchases and put the difference in savings.
  • Take advantage of that 401k your company may offer. It’s never too early to save for retirement.

Give yourself time to develop good financial habits. If you try to do it all at once you’ll give up. A small step a day builds a secure habit you’ll stick to.

But here’s something your grandpa didn’t have. Apps. Consider using one of the following financial apps to help you save more than you spend.

Money doesn’t buy happiness.

A daily Starbucks grand white mocha will cost around $2,000 by the end of the year. And daily lunches out will cost you $9,000 (Both of which would make a great down payment for your next car).

Speaking of cars, buy a used one that’s new to you – not a brand new one. Driving that shiny roadster with plush leather seats is tempting. But as we all know it loses value as soon as you drive it off the lot. You’ll lose money – especially if you’ve taken out a loan to buy it.

Used cars are just as reliable as new ones. Just have a mechanic check it out before you buy it. Or you could wait a year until the newest model rolls out and last year’s model becomes cheaper. Better yet, consider using public transportation and help preserve the environment.

Finally, Don’t spend more than you owe. Avoid credit card debt. Save for those things you want but can’t currently afford.

Things that are surprisingly cheaper for younger people:

Aways read the fine print. Always.

This is especially true with college loans. Look into scholarships or grants first before investigating subsidized federal loans. Federal loans have lower interest rates and repayment options. Some offer repayment plans based on income; others won’t charge you until you graduate. Only take out a private loan if you absolutely must.

And of course, reading the fine print applies to any form that’s put in front of you.

Eat your vegetables.

They’re cheap and will keep your premiums low.

Life insurance, health insurance and even travel insurance is cheaper when you’re young and healthy. Coupons for healthy food and household items are readily available.

Prepare for the unexpected (like if you do get sick).

Have an emergency fund and don’t touch it unless you absolutely need it. Shoot for three months’ worth of savings. Just a few dollars a month toward savings adds up.

Life is short. Live every moment as if it’s your last.

Invest in relationships as well as your financial future. Relish fleeting moments. And remember that mistakes are nothing but lessons learned. Just breathe. Make a gratitude list or two just to put things in positive perspective.

And get off your damn phone.

Do You Need Life Insurance If You’re Single?

Do You Need Life Insurance
If You’re Single?

Do You Need Life Insurance If You’re Single?

We’re living through some tough times. Climate change, social strife, financial uncertainty. Perhaps you’re so busy just getting through life you can’t fathom a future past next week. Or maybe you have been considering your future and life insurance is part of those musings.

But do you really need life insurance as a single person? It depends. You need it if you have people who depend on you financially or think you will in the future. A life insurance policy gives them financial comfort should they lose you.

A couple of tips if you are providing financial support for your family and shopping for term life insurance quotes online:

Be mindful of how you answer the questions associated with the online life insurance calculator. Treat the children you provide for as if they were your own and treat elderly family members under your care as beneficiaries. You can name more than one beneficiary on your policy.

For What Other Reasons Do I Need Life Insurance?

  1. Life insurance is a reasonable solution for single people carrying debt either alone or with another. Should you die before it’s paid off, your co-signer will have to pay all of it.Student debt is the biggest culprit, especially if you took out a private loan. It’s a bit less dire if you opted for a federal student loan because they’re discharged upon the debtor’s death.

    Other types of debts to consider with or without a co-signer:

    • a mortgage
    • a car loan
    • credit cards
    • business loans. Many banks require life insurance before they approve a business loan. And they require you to name the lender as your insurance beneficiary. Even if your bank waives this requirement, a life insurance policy payout buys time for your partner to figure out next steps in the event you die before the business closes and helps pay any accrued business debts.
  2. Your health. Are you healthy and plan to stay that way? Are there hereditary health conditions that run in your family that may crop up in your own life later?If you anticipate health problems as you age, life insurance may make sense. Term life insurance policies can be converted to a permanent policy without having to submit to a medical exam that can prevent you from qualifying for whole life or other permanent policies down the line.
  3. Burial expenses. Do you want to avoid having your family foot the bill for your funeral?Funerals currently hover around $7,000. The Insurance you receive from your job may cover these expenses. However, if there are medical costs involved, you may want extra insurance to cover those costs. Your family wants to remember you. Not your debt.
  4. Legacy. Perhaps you want to leave a bit of money to your favorite charity or set up a scholarship fund in your name. You can assign that nonprofit as a beneficiary. (Remember, you can assign more than one beneficiary to a single policy.)

So, What Type of Life Insurance Do I Need?

A term life policy is the best option if you’re single. It’s inexpensive and you decide for how long you want coverage. If you want to convert it to a permanent policy later you can do so with no medical exam and have the opportunity to invest part of your premium to accrue cash value. This is particularly useful if you anticipate future health challenges.

Permanent Insurance provides life coverage and accrues cash value. You can use permanent life insurance as an investment and use the cash value for things like home purchases, college expenses or to fund your retirement.

If you’re healthy, financially independent, and debt-free, you may not need life insurance while you’re single. A life insurance quote for the best term insurance rates from an online calculator is free. It can’t hurt.

How AI Is Disrupting Life Insurance Industry

How AI Is Disrupting the Insurance Industry

How AI Is Disrupting the Insurance Industry

There’s a reason life insurance underwriters, agents, and customer service reps are venturing out from their statistics-laden, fluorescent-bathed hovels to cheer their industry’s latest disrupter, algorithmic underwriting.

Artificial Intelligence algorithms have transformed traditional error-prone processes into an efficient, streamlined experience for both them and their customers.

How AI Improves the Insurance Life Cycle

AI machine learning, also called accelerated or automated underwriting, allows insurance companies to collect the kind of data necessary to provide predictive analysis about mortality and financial risks through “insurtech” software that streamlines the insurance process from quote to claim. This helps insurers make more granular decisions about the risk you pose and the premium you will pay.

The remarkable thing about machine learning is that the technology continues to refine the data it’s collecting in real time. The more data collected, the smarter the system and the more accurate the decision-making becomes.

What’s even cooler is that a behavioral intelligence component uses “digital body language” such as keyboard hesitation and backspacing to determine policy pricing and protect against fraud to weed out the application liars from the truth-tellers.

And it helps identify complex risk issues using third-party data, like pharmacy prescription histories and credit agencies, electronic medical records, and the like.

How AI Benefits Insurance Providers

Insurtech technology is flexible enough to tailor to any business model and allows underwriters to work quicker and more efficiently so they can turn their attention to strategy and value-added products.

To illustrate, insurance companies currently depend on just a few questions like age, gender, and smoking and drinking habits to rank people in categories standard, standard-plus, preferred, and preferred plus, which determine premiums. AI can drill down a bit deeper on the front end to provide more tailored and accurate predictions about mortality and lapse probability.

Behavior technology detects fraud by issuing red flags based online behavior. Those alerts send the applicant to a live agent who can further vet them over the phone and in some cases send them for a medical exam before granting the policy.

The system also scales for both its intuitive data library and revenue growth generated outpacing the costs of doing business. This enables agents to provide prospects with quicker answers and reduces human errors.

How AI Affects Life Insurance Policyholders

Chatbots already create a more streamlined quote process, taking care of simple data collection so agents can have a more substantive conversation with prospects later. Insurtech enables them to offer life insurance products more tailored to your individual needs rather than the current one-size-fits-all options.

Insurtech technology also works on the back end, providing family members with a quicker insurance claims process to get the financial support they need to them quicker.

And it saves everyone money by reducing rising insurance costs due to fraud, which increases trust between policyholder and provider.

Because in the end, the better the data, the better the decision-making.

Don’t Let Rising Gas Prices Drag You Down

Don’t Let Rising Gas Prices Drag You Down

Don’t Let Rising Gas Prices Drag You Down. How to Budget to Beat the Economic Blues.

Mark lived through the high inflation and gas crisis back in the 1970s and felt lucky to have stayed in his house, put food on the table and send his kids to college.

During his prime earning years, he maintained that life was short. You do what you can to get by and enjoy as much of it as you can while you do it. He didn’t really think about tomorrow. He was too focused on getting through his day with as much joy as possible.

Now he’s living with his kids.

According to a MarketWatch report, 56% of Americans live paycheck to paycheck, including those making six figures. Gas prices currently hover around $5 per gallon and inflation recently rose to 8%.

Scary, right? Now is as good a time as any to learn how to create a budget and stick to it—no matter what.

If you balk at living with a budget, think about living out your golden years surrounded by the noise, sticky surfaces, and general stinkiness your grandkids will create every single day of those years. Like Mark does.

How to Set a Budget

Budgets allow you to see in black and white where your money is going and helps you steer your financial ship to keep it away from the rocks.

Here are a couple of steps to help you build your ark:

  1. Set your budget at the beginning of each month.
    Budget using the income you will actually receive, not what you’re hoping to receive.
    Make budgeting a family affair that everyone invests in. Everybody benefits from a financially healthy home. No one benefits from a rogue spender.
    Know that you can always adjust your budget every couple of months. If one line item consistently comes in lower than expected, put the remainder in another category—preferably savings, but a line item for vacations or holiday gifts is also an option.
  2. Determine what’s a fixed expense and what’s a variable expense. A fixed expense like a mortgage or car payment is self-explanatory. A good tip for establishing a variable amount is to take the average you spent on the variable for three months and set that amount as the line-item figure.
  3. Place needs ahead of wants.
    Savings should always come first. Take 20% of your monthly income and put it in savings.Essentials that affect your physical and financial wellbeing should take up 50% of your monthly income. A useful list in order of priority includes:
    1. Savings (there it is again)
    2. Food
    3. Rent
    4. Utilities
    5. Credit card and loan payments
    6. Car payment
    7. Gas (Yep, car stuff is at the bottom. It’s an essential, but not at the top when you consider you can bike, use public transportation or ride share to work.)

Non-essentials like restaurants, streaming services, and that $4 Starbucks that enhance your lifestyle should take up the remaining 30%. Non-essentials are essential. If there’s something you really want, figure out how much of your essentials budget you’re willing to save and then figure out how many days or weeks it will take to buy it.

Saving tips:

  • Once you’ve paid off your credit cards, you can allocate that money to accommodate any rising costs in essentials or put it into savings.
  • Make it a goal to build up three to six months of savings to cover your expenses in case of emergencies.
  • If you have direct deposit, steer some of your paycheck directly into a savings account. And devote part of that savings to a retirement savings plan.

How to Fight Rising Gas Prices

The best thing you can do for your wallet besides dusting off your bicycle or hopping the bus to work is to make your car as efficient as possible. Some things to do to decrease the things that make it work harder:

  • Change the air filters.
  • Keep your tires road ready. Proper tire pressure can save up to thirteen cents per gallon.
  • Don’t idle. If you know you’re not going anywhere for a while, turn off your car.
  • Same for parking. Turn it off.
  • Turn off the AC and open your windows.
  • Take off your racks and carriers. They create wind resistance that strains your engine, thus requiring more gas.
  • Clean out your car to lighten the weight your car’s carrying.
  • Combine errands into one trip.
  • Slow your roll. Adhere to the speed limit and accelerate slowly.

Invest in Your Future and Protect Your Family

With the world in not only financial turmoil but suffering increasing episodes of violence, it may be time to reframe your life insurance choices. Specifically, a permanent life policy that accrues cash value as well as provides a death benefit should the worst happen.

If you currently have a term life policy, consider converting it. This will not only build wealth but will save you from having to submit to a medical exam—an extra bonus if you’re starting to notice your health changing as you get older.

Mark would have benefited from these tips if he’d had them and heeded them. But he didn’t. And now he’s trying to make the best of things while he helps his daughter-in-law change diapers and fold towels.

Best of luck, Mark.

Mortgage Protection Insurance. Life Insurance for Your Home

Mortgage Protection Insurance.
Life Insurance for Your Home.

Mortgage Protection Insurance. Life Insurance for Your Home.

If you have a family, life insurance is a must-have. If you have a home, insurance that covers your mortgage is equally important.

But how best to insure your home?

There are essentially three ways:

  • Mortgage Protection Insurance
  • Term Life Insurance
  • Private Mortgage Insurance

How does Mortgage Protection Insurance protect my home?

If you should pass away before you pay off your mortgage, Mortgage Protection Insurance (MPI) will pay your mortgage balance. This ensures your family remains in your home without worrying about how they will afford to stay there.

An MPI payout goes directly to your lender, not your beneficiary. And its payout amount correlates with your mortgage balance.

Mortgage Protection Insurance also goes by the name of Mortgage Life Insurance.

How does Term Life Insurance protect my home?

With a term life insurance policy, you determine your death benefit amount. This enables you to roll your mortgage into your term policy, which will pay off your mortgage along with addressing other financial concerns such as your lost salary, education costs, burial costs, and accrued debt you want to shield your family from having to pay.

So which one is better?

Mortgage Protection Insurance v. Term Life Insurance

The best choice between life insurance and mortgage protection insurance comes down to what makes sense to you and your family financially.

Easier eligibility, even if you cannot qualify for any other type of life insurance. You can be turned down for a policy due to poor health or a risky hobby.
Premiums may be more expensive. Lower premiums.
Your mortgage lender is your beneficiary. You choose your beneficiary.
Death benefit payout is tied to your mortgage principal. In some cases, your payout decreases as your principal decreases. Your death benefit amount does not change.
The length of time it takes to pay off your mortgage determines how long your insurance policy lasts. You determine the length of coverage, anywhere from 5 to 30 years.
Some policies only pay out if your death is accidental. Death benefits paid upon your death, no matter what the cause.
No medical exam required. Medical exams required by some insurance companies.
If the payout does not cover the amount owed on your mortgage, your family must pay the balance. Your family is free to use the payout however they wish.
The younger and healthier you are, the less you pay in premiums. Same.


  • Easier eligibility, even if you cannot qualify for any other type of life insurance.
  • Premiums may be more expensive.
  • Your mortgage lender is your beneficiary.
  • Death benefit payout is tied to your mortgage principal. In some cases, your payout decreases as your principal decreases.
  • The length of time it takes to pay off your mortgage determines how long your insurance policy lasts.
  • Some policies only pay out if your death is accidental.
  • No medical exam required.
  • If the payout does not cover the amount owed on your mortgage, your family must pay the balance.
  • The younger and healthier you are, the less you pay in premiums.


  • You can be turned down for a policy due to poor health or a risky hobby.
  • Lower premiums.
  • You choose your beneficiary
  • Your death benefit amount does not change.
  • You determine the length of coverage, anywhere from 5 to 30 years.
  • Death benefits paid upon your death, no matter what the cause.
  • Medical exams required by some insurance companies.
  • Your family is free to use the payout however they wish.
  • Same.

So what is Private Mortgage Insurance, then?

PMI is insurance your lender may require you to purchase and pay as part of your mortgage payment—especially if your down payment is less than 20% of the home price. PMI protects the lender, not your family. You cannot cancel PMI since it’s rolled into your mortgage payment.

You are free to cancel both an MPI and a term life policy whenever you like.

How to qualify for Mortgage Protection Insurance

Insurance companies consider the following when making underwriting decisions that determine your eligibility and premium payment amount:

  • Your mortgage balance
  • Your age
  • Your health
  • Your credit score



  • Mortgage Protection is exactly what it says it is. It protects your home and the family who lives in it in the event you die unexpectedly.
  • If you’re a homeowner who cannot qualify for any other type of life insurance, MPI is your best bet for protecting your family against losing their home if the unthinkable happens.
  • If you want more control over your coverage, premium, and payout, term life is your best choice.

Compare life insurance companies today

Best Life Insurance for Seniors

Best Life Insurance
for Seniors

Best Life Insurance for Seniors

As much as we don’t want to face it, life is terminal. And if you’ve reached your golden years without a life insurance policy, those premium costs are more costly than they were when you were younger. As your age climbs, so do your premiums.

But there is affordable insurance for seniors. And the healthier you are, the less you’ll have to pay.

Affordable Life Insurance Available to Seniors

  • Permanent Life Insurance
  • Term Life Insurance
  • Final Expense Insurance

Permanent Life Insurance for Seniors

As the population of senior citizens has grown during the last two decades, so has the need for flexible insurance options. Permanent insurance is one of those options.

Although more expensive, permanent policies  provide coverage with reliable death benefits for the life of the policyholder. In addition, permanent life insurance allows you to accumulate cash value that you can use to help pay your mortgage and other debts or supplement your retirement. However, if you do not pay back the amount you withdraw before you pass away your beneficiaries will not receive the full benefit.

Term Life Insurance for Seniors

If you aren’t interested in accumulating cash value and want a more straightforward policy, a term life policy fits the bill with a lump-sum payout and an unchanging premium. You control how long you want coverage and the death benefit amount.

However, unlike a permanent policy that provides coverage for life, a term life policy covers a specific period of your choosing. No more, no less.

And although some term life policies do require a medical exam, the application process for a term life policy is easier than for a permanent policy.

Burial Insurance for Seniors

Burial insurance, also known as final expense or funeral insurance, covers only your funeral and burial costs.

And although it provides a smaller death benefit, it requires no medical exam.

If you’re concerned about covering any medical care costs should you become critically ill, you may want to consider an accelerated death benefit that allows you to access your payout early. This can reduce the death benefit your family receives, but you do not have to pay it back.

Things to Consider Before Purchasing a Senior Life Insurance Policy

  • your general health. If your health is poor, you may want to purchase a no-exam policy.
  • your financial goals. If you want access to extra cash, a permanent insurance policy may be a viable choice.
  • how much coverage you think you will need to pay off debts like your mortgage, outstanding medical bills, and expected estate tax as well as how much you would like to leave behind for your family.
  • your estimated burial expenses


Things to Consider When Shopping Life Insurance Companies for Seniors

Before landing on your choice of company, make sure you have investigated the following conditions:

  • that they provide the kind of coverage you need
  • their maximum age for coverage
  • their online term application process
  • the company’s stability and its ability to pay benefits. You want a company with an A grade from a source like AM Best
  • the quality of their customer service. A useful resource is the NAIC.
  • any dividends you would like to accrue
  • any riders or other conditions that may reduce your death benefit

Reasonable life insurance for seniors is out there. Make sure you make the right choice. Shop senior life insurance rates today.

What Does Mindfulness Have to Do with Meditation?

What Does Mindfulness
Have to Do with Meditation?
How Does It Improve my Health?

What Does Mindfulness Have to Do with Meditation? And How Does It Improve my Health?

You probably know that you don’t have to devote your life to sitting on a mountaintop to get the serenity you see glowing from a Tibetan monk.

Yet people make mindfulness and meditation practice way more complicated than they are. Just three minutes a day—the time it takes to brush your teeth (if you’re doing it right)—can yield a calmer mind and promote a longer, healthier life.

What does Mindfulness even mean?

Mindfulness is being fully present in the moment – with your kids, at work, with your spouse. It’s accepting that you can’t be in two places at once and instead focusing all your attention on what’s in front of you.

Non-mindfulness is ruminating about your child’s problems at school while you prep for an important work presentation.

Actually, as you’re reading this, you’re already in a mindful state. And even if you’re eating a sandwich while you do it, you’re focusing most of your attention on what you’re reading. Mindfulness follows a chain of command: Your thoughts control your mind and thus your body, in that order. i.e., If your thoughts are following the words, then your mind is engaged with what you’re reading and your body reacts in big or small ways. Sighing, nodding…perhaps chewing.

We’re constantly reacting to what we think.

What does meditation have to do with mindfulness?

Meditation promotes mindfulness by training us to focus intentionally. It’s like a baseball player performing drills to ensure he makes the big catch during the big game.

But make no mistake. Meditation is not about getting rid of your thoughts. It’s about observing them not with judgment but with curiosity.

Meditation can be as simple as a quick body scan or as in-depth as sitting quietly for three minutes or an hour if you choose. The benefits are the same—if practiced every day.

Is interrupting my day for this worth It?

It is if you value your health. Anxiety and depression pose great risks to both our physical and emotional health. Anxiety affects almost every system in your body: cardiovascular, digestive, respiratory, and neurological. Depression affects your concentration, appetite, and sleep and can lead to suicide.

Aside from anti-depressives, mindfulness and meditation are the most effective ways to ease both.

Is interrupting my day for this worth It?

According to empirical research, meditation:

  • Improves sleep
  • Lowers cortisol, a stress hormone
  • Reduces blood pressure
  • Boosts memory, focus, and cognitive flexibility (there’s growing research that mindfulness training can alter your brain’s structure—not a bad deal if you’re concerned about the brain cells you may have killed during those college drinking binges.)
  • Regulates your mood, which helps improve your relationships, which, as we all know, can be a major source of stress itself

And not for nothing, but daily meditation can reduce insurance costs. Heart disease is in the top three insurance underwriting risks. And anxiety accounts for a good many heart problems. Meditation and mindfulness calm anxiety.

Other than taking time out to sit quietly for a few minutes, there aren’t any downsides to mindfulness or meditation. Plus, Lebron James, Jeff Weiner, Michael Jackson, and Bill Gates do it. So why not give it a go?

How do I practice mindfulness meditation?

  • Set aside time in your schedule for however long you’ve chosen to practice—even if it’s three minutes.
  • Sit. You can choose a chair or the floor, wherever you’re comfortable.
  • Close your eyes and observe what’s going on in your body through your muscles and your senses. If you need something to keep your thoughts in the moment, observe your breath as you inhale and exhale.

Most importantly, don’t judge what comes into and out of your mind. Take an “oh that’s interesting” approach rather than an “Ugh, my shoulders are tight. I should schedule a massage.”

If the “should” thoughts become louder than the “that’s interesting” thoughts, just keep breathing. Awareness is a marathon, not a sprint. The more you do it, the easier it comes.

If you want to really dive into the topic, here’s some resources:

Reduce future stress with affordable life insurance.

Browse life insurance companies online

Statistics May Make You Hold Your Loved Ones a Bit Closer

Statistics May Make You Hold Your Loved Ones
a Bit Closer than You Did Yesterday

Statistics May Make You Hold Your Loved Ones a Bit Closer than You Did Yesterday

If you have young kids, you’re probably hugging them a little tighter these days after what unfolded at Robb Elementary in Uvalde, Texas, recently, just as you may have held your spouse a little closer after the mass shooting in Vegas a couple of years ago. Whatever your beliefs surrounding gun ownership, any death is a tragedy, no matter how it happens.

And regardless of the ongoing debate about gun control, statistics from the CDC reveal that 45,222 people died from gun-related incidents in 2020. If you do the math, that’s about 124 people daily.

In the week following the Uvalde elementary school shooting on May 24, 2022, statistics gathered by the Gun Violence Archive reveal there were at least 12 more mass shootings over the following three-day holiday weekend, which both the Congressional Research Service and the FBI define as more than four people shot within close proximity and timeframe.

How Do These Statistics Affect My Insurance?

As of right now, being a fatal victim of any gun-related incident will not affect your life insurance payout –even if you have a gun in your house—if your death is ruled manslaughter or homicide.

Gun-related fatalities still trail far behind mortality rates after COVID, heart disease, and cancer. And although suicides account for most gun-related mortalities, most insurance companies honor death benefits for a suicidal death after two years of paid coverage.

An article in Actuary Magazine said that life insurance companies aren’t taking direct underwriting action regarding gun violence but are monitoring the issue. A quote from the article: “The Surgeon General’s reports on smoking and health were controversial; however, this did not deter actuaries from studying the issue.”

The recent rise in gun-related deaths does not affect premiums either. Although risky hobbies or behavior may affect your premium or ability to receive coverage, being at the wrong place at the wrong time is not considered risky behavior.

Did you know? Firearm-related deaths have overtaken car crash mortalities? As stated earlier in this post, 45,222 people died in 2020 of fatal gunshot wounds, as opposed to the 40,698 people who died in a car-related fatality. On average, people spend about eight hours a week in their car. A 2019 report by the Insurance Information Institute cited that the lifetime odds of dying from an assault by firearm compared to a motor vehicle accident was 289 to 107, respectively.

It’s easy to fall into the mindset of “It can’t happen to me. Places like Chicago are more dangerous than where I live.”
But it’s all relative. Chicago may have an average of 700 gun-related homicides a year, but more than 5 million people live there. A rural area may have only 10 gun-related deaths, but it has a smaller population. If you calculate rates between the two populations based on gun deaths per 100,000, the numbers suggest that the bigger and smaller population areas fall in roughly the same average range.
The fact is, we’re all mortal, no matter how we go out. But the stats reveal that the world may be a more violent place than it used to be, which makes protecting your family as much as possible a priority.

Protect your family’s financial future at the lowest rate possible.

Check out our online term life insurance quotes

First COVID, Now Monkeypox: Protecting Your Family in an Unpredictable World

First COVID, Now Monkeypox:
Protecting Your Family in an Unpredictable World

First COVID, Now Monkeypox: Protecting Your Family in an Unpredictable World

According to the CDC around 1 million people have died from COVID. Adults aged 30 to 50 make up 6% of that number. And although Monkeypox is still somewhat of a mystery, it looks like it’s going to hang around a while. Even the Spanish flu hung around long enough to become the common flu. And can still be deadly.

We’ve had a healthy helping of queasy times, haven’t we?

Maybe a fit discussion about life insurance makes sense right about now.

First off, life insurance does cover pandemic diseases.

If you have an active policy with timely paid premiums your family is covered in the unlikely event of your suffering a fatal bout of COVID. And you don’t have to worry about travel restrictions or vaccination status, either.

If you haven’t purchased life insurance yet, you can still get it but it may take longer.

How long it will take depends on whether or not:

  • You’ve had COVID with complications or hospitalization. The process may take longer, anywhere from a few weeks to six months.
  • You’ve traveled to an outbreak hotspot. If asked, be honest about where you’ve been and where you plan to go. Dishonesty leads to disqualification and your family not receiving benefits. This includes any household member’s travel plans.

Recent pandemic diseases aren’t raising premiums. Yet.

Right now, insurance companies are following pandemic patterns to assess future risks. But so far COVID isn’t expected to significantly raise premiums even if you buy insurance after you’ve recovered from the virus.

However, one of the things insurance companies are looking at is COVID’s long-term effects, such as lingering COVID symptoms that affect not only the heart and lungs but the brain and kidneys. This caveat is especially true if you’re considering purchasing premium life insurance.

And although very few insurance companies are asking about travel history right now, they could in the future. It depends on the carrier and your circumstances. Shop around.

Find out if your latest or planned destination puts your qualification at risk.

Plan Ahead:

Get insurance now before the criteria change—while insurance companies are still trying to figure out how to deal with pandemics.

If you face a long approval waiting period, look into temporary coverage.

Get vaccinated and boosted. Although many companies aren’t currently asking pandemic-related questions, they may soon be looking at it the same way they do smoking.

Don’t lie when answering questions about your health. It will jeopardize your qualification and your family’s future. Insurance companies will investigate everything to ensure they are protected.

And finally, keep up the hand washing. It may just save your life.

Don’t get caught with no protection against the next global threat. Get a term life insurance quote today.