The conventional wisdom is that many young professionals don’t need permanent life insurance. The reasons include the high cost compared to term life insurance and the temporary need for life insurance during the time they are paying down the mortgage and saving for college educations. But permanent life insurance may be appropriate as part of […]
Archive | Insurance Needs for Young Professionals
How Credit Affects Auto insurance in Maryland, Virginia, and DC
Auto insurers can use your credit score in Maryland, Virginia, and DC to calculate your premium – irrespective of your driving record. A recent Consumer Reports investigation uncovered how your credit score can have a bigger influence on your premium than your driving record. In addition, Consumer Reports found that in some states (including Virginia […]
Four Tips to Ensure Sufficient Auto Insurance Coverage
Here are four tips you can use to determine whether you have sufficient auto insurance coverage. In the grand scheme of things, you want your auto insurance policy to protect your assets in the event you are in an accident with serious bodily injury. This protection, however, should be at the lowest cost possible. The […]
Use a Downward Staircase to Guide Your Purchase of Term Life Insurance
Many young families need term life insurance protection because they now have mortgages to repay, children to support, and college educations to fund. So how do you decide how much coverage you need? This question can be vexing because as you grow older, you are saving more money, paying down your mortgage, and setting aside […]