Life insurance is used primarily to cover the loss of your income stream for your dependents if you should die. There are many reasons to own life insurance.
Look for all of mom’s insurance policies and review them. Be sure you have the current policy and that the premiums are paid.
Once your high interest debts are out of the way, start saving for retirement.
A new year is a good time to take stock of what you’ve got at work so review those benefits and don’t miss out.
Your ability to earn an income is important for you and your dependents.
Insurance is a financial tool that is used when you don’t have enough dollars in your emergency fund to cover the loss yourself.
Insurance is a big ticket item in any budget. Take the time to review your insurance policies annually.
Gather up all those insurance policies and start sorting them by type.
I have pages of ideas on ways to save from our listeners but I am just going to highlight a few.
If you are unable to work it is disability insurance that will protect you and provide an income stream for you and your dependents.