Planning for a Bright Future

About Me

Planning for a Bright Future

When I graduated college, I landed a dream job teaching accounting at a university. For five years I enthusiastically taught my students important accounting principles. During this time, I put a significant portion of my paychecks into a retirement fund. Because I’ve always been extremely conservative with my finances, I invested all of my cash into money market funds. Unfortunately, this decision did not yield great results. Now that I’m older and wiser, I’d like to rectify the retirement mistake I made when I was younger. On this blog, I hope you will discover the best types of funds to include in your retirement portfolio. Enjoy!

Two Reasons You Need Life Insurance

Life is a beautiful but perilous treasure. You may have known people who were here one minute, only to find out that they passed away shortly thereafter. Although it's normal to feel invincible when you are young, those emotions begin to change as you grow older. The days seem to fly by, and if you aren't careful, time can get away from you. If you've been putting off getting life insurance because it doesn't seem like a necessity, see why it's vital for you to take out a policy as soon as possible.

The Sooner You Get It, The Better

Waiting until you are of an advanced age before getting life insurance could be a huge mistake. Life insurance rates are largely based upon the age of the policyholder. Holding off on getting that policy because you figure you aren't old enough yet could mean that you end up paying much more for your coverage than you would like to.

It's always best to act sooner rather than later. Depending on your current age, you might be able to get life insurance for mere pennies on the dollar. Opt for a whole life, guaranteed policy and you may be able to keep the same rate no matter how old you get. The same policy could cost hundreds or even thousands of dollars a year if you wait until you're older. Getting your policy right now locks in your pricing so you can look forward to affordable payments for a very long time.

Borrow Against Your Policy In A Jam

Some life insurance policies come with a cash value clause. What this means is that each time you make a payment a portion of it is set aside in an account that you can borrow against. Keep the policy for several years, and you could build up a small fortune.

You never know what will happen, and it's always good to have monetary reserves. If you are ever in a pinch and need money, you won't have to get a loan or borrow from friends and family. Simply reach into the cash value reserves on your life insurance policy to get the cash you need in a hurry.

Now is the time, so don't put it off another day. Call a life insurance agent, and request a quote so you can review your options and get the policy you need immediately.