Term life insurance is a better choice for most people, but the lingo around insurance can be confusing. Whatever you choose, make sure to keep your investments and insurance separate. Use insurance to protect your assets, and use investments to grow your savings.
Protect Assets
You’ve worked hard to build something.
Protect yourself by offloading risk.
for when you croak
How to Buy Life Insurance
Buying life insurance doesn’t have to be hard. Term life insurance is cheap and is sold as a commodity, so you can go out into the market and get a competitive price. Life insurance gives you coverage if someone depends on your income.
Read MoreLooking to Outsource?
Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.
Earnest
Earnest combines technology with financial backing from Navient to offer better customer service and good rates.
Student Loan Planner
Many readers have already used Student Loan Planner to help them figure out the optimal repayment strategy for their student loans.
Pradeep Audho
Looking for an insurance agent that won't try to talk you into buying whole life? Pradeep is no frills and no pressure.
Latest posts in Asset Protection
How to Choose the Right Disability Insurance Riders
It might sound dull, but there are really interesting options to choose from when signing up for disability insurance, and they can have a huge impact down the road. This is a complicated topic, but after a close read of each option, you should have an idea of which of these disability insurance “add-ons” are right for your needs.
You Need Legal Malpractice Insurance
A vast majority of lawyers will face a legal malpractice suit at least once during their career, and it can be a devastating blow for solo practicing attorneys if they don’t have insurance. Legal malpractice insurance should be at the foundation of your asset protection arsenal if you aren’t already covered by your firm’s policy. Here’s what to look for in a policy, especially if you’re practicing on your own.
Is Your Group Disability Insurance Enough?
Your ability to earn income is one of your biggest assets. Don’t assume that the insurance through your employer has you covered in case of illness or disability. Here’s how to make sure you’re protected.
Laddering Life Insurance for Maximum Benefits
Life insurance needs decrease as you build wealth. Here’s a method for only buying the coverage you need.
Always Be Ready; Carry an Umbrella
Don’t wait for a financial catastrophe to occur for you to look for umbrella insurance. While it might seem like nonsense, what would you pay for peace of mind?
How I Protect Myself When Renting a Car
If you don’t own or lease a car, chances are you also don’t have health insurance. Here are some ways I protect myself when it comes to car rentals.
When to RUN from a Financial Advisor
Looking for a financial planner of your own? Hear from a financial advisor about the red flags to look for in your own financial planner.
How to Manage a Windfall
An unexpected influx of cash can be exciting and filled with opportunity. Here’s how to put that money to work for you.
