Tag Archives: life insurance

Young Adults Need Life Insurance Too

Young Adults Need Life Insurance Too

Young adults have their advantages and disadvantages. We’ve talked about this before. We all know this. What we lack in experience, we make up for in ambition, good health and a future full of possibilities. Of course, these are all generalizations. Not every young adult lacks experience, just like not everyone has good health. Not everyone has a future of possibilities. This is what we all must account for: the improbably chance that we may get hit by a bus or not wake up tomorrow. No one likes to talk about this because it makes us feel uncomfortable. But it’s time we start changing that. Continue Reading

Tips for Selecting Life Insurance

Tips for Selecting Life Insurance

Obtaining life insurance can be a very difficult process, especially for young adults who have not had to do it before. The first time for everything is almost always the hardest and finding affordable life insurance is no exception. I originally got life insurance for the first time last year. Luckily, I had a strong recommendation of both the company and type of plan to get from a family member. If you don’t have such a recommendation, it’s important to know what you are looking for. Continue Reading

4 Financial Challenges that College Graduates Face

4 Financial Challenges that College Graduates Face

Graduating from college is both an exciting and terrifying moment in every young adult’s life. On the one hand, there is the sense of accomplishment. You just EARNED your four year degree. You spent countless hours studying, sitting in classes, taking exams, and finally walking across that stage to get your diploma. Talk about hard work realized. Yet, at the same point, the life that you have known for the past four years is instantaneously gone. No more late night runs with friends to the local fast food place. Adulthood is here to stay. Not only are you forced to say goodbye to many close friends, you are also met with many financial challenges as a college graduate. How you respond to these challenges will often determine your success for years to come. Here are four popular financial challenges that most college graduates must face. Continue Reading

Do I Need MORE Life Insurance?

Do I Need MORE Life Insurance?

One of the many financial challenges that young adults face is learning to allocate money to specific aspects of their budget. How much should one spend on this or that. Housing. Food. Retirement. Life insurance. These are all competing factors in our budgets and young adults generally have less money to work with. This inevitably means that some of the most important aspects of someone’s budget are left out of the equation. Without any doubt, it’s obvious that life insurance is one of the first things to go. It’s seen as an elective. In the terms of sports, it’s 3rd string. Rarely used and a waste of money. That is, until it really becomes necessary. Continue Reading

The Basics of Permanent Life Insurance

Understanding life insurance is one of the many challenges that young adults face these days. Between all of the confusing terms and the many options, it can become quite overwhelming. While you may be tempted to ignore this and see how long you can go without getting life insurance, it may be in your best interest to get life insurance now, while your young. Continue Reading

Financial Goals – Update 1

Financial Goals – Update 1

It was a few months ago that I established short term financial goals. I created these goals in order to be intentional with my finances. Too often it seems that we float by in life in general, but especially with our finances. We become comfortable with our financial progress that we are making and forget to push ourselves. Continue Reading