Jay on Twitter asks Dave how to determine the amount of the deductible on your home insurance. Dave explains how this can be accomplished through a simple break even analysis.Read Transcript
5 Insurance Policies Everyone Should Have
Insurance is never a fun topic for anybody. It can be uncomfortable and confusing, but you'll be thankful you have it when an emergency strikes. Here are five policies you should never be without:
Don't drive without car insurance! It's important to have the right kind of coverage and to know how much you really need. Let an experienced agent help you prepare for when life hits you . . . or your car.
Unpaid medical bills are the number one cause of bankruptcy. Health insurance is a must! There are many coverage options available to fit your family's needs.
This isn't something we want to think about, but we should. You need to ensure your spouse and children can live comfortably in your absence. Look for a term life insurance policy that replaces 10-12 times your annual income. Avoid all whole life insurance policies.
This replaces your income if you are hurt or injured on the job. Many employers provide a small disability policy as a benefit. Find out how much coverage your employer provides. If it doesn't replace at least 70% of your pay, look for an additional policy from an independent agent.
Not Sure What You Need?
The 5-Minute Coverage Checkup reviews the 10 kinds of coverage Dave recommends based on your age and stage of life. Get your results in five minutes so you’re ready when something happens.
Fundamentals of Insurance
Hear From the Experts
Steve's mom is 71 and debt-free. She's investing $600 a month in a universal life insurance policy worth $250,000. What could she invest that money in instead of this life insurance to leave an estate?Read Transcript
Jody asks if she needs life insurance if she isn't married and doesn't have kids.Read Transcript
Are you missing one of these insurance policies or unhappy with your current coverage? Contact one of our independent insurance agents today!