Your 50s are often a turning point. Some needs are shrinking as children become independent, while others, like a spouse’s retirement or a remaining mortgage, are still very real.Do you still need coverage?Ask what would happen financially if you died this year....
After 60, life insurance is less about replacing decades of income and more about specific goals: protecting a spouse’s retirement income, covering final expenses or leaving a set amount to family.Start with the goalIncome protection for a spouse: for example if...
Coverage after 80 is possible, but the choices are narrower and the cost per dollar of coverage is high. It’s worth being clear about the goal before you shop.What’s typically availableFinal expense or guaranteed issue policies: smaller face amounts, often...
A car insurance policy is a bundle of separate coverages. Knowing what each one does helps you choose the right limits and avoid paying for things you don’t need.Liability coveragePays for injuries and damage you cause to others. Most states require a minimum...
Two drivers with the same car can pay very different premiums. Insurers set prices using many factors, and some of them you can change.Factors that usually affect your rateWhere you live: local accident, theft and repair costs.Driving record: accidents and...