Dearly Departed: Financing After a Tragic Death in the Family

“Dearly departed” are the words that no one wants to hear but is a reality that every one should expect to hear at some point in their life. If a family has taken the time to plan for the unexpected passing of a loved one or family member, the burden of what to do next in relation to finances does not need to be as difficult. Many individuals face the prospects of an uncertain future after a loved one has passed away. This is particularly the case when the person who has passed is the one who was responsible for handling the household or family finances. After a tragic loss, the finances may be changed completely as one income earner is no longer alive and that person’s source of income may not be counted upon to assist in the family finances. Continue Reading

Medical Finance: The Costs of Illness And How You Can Get Help

A document published by the CDC highlights the difficulties that families across the United States are experiencing in connection to rising healthcare costs. This document titled Financial Burden of Medical Care stated that during the first six months of the year 2011 one third of American families were experiencing the burden of covering medical expenses. One in 10 individuals was not able to cover their medical expenses at all. This document continues show the correlation that exists between increased age, increased medical bills, and poverty. 20 percent of the nation’s poor that were over 65 lived in families that had a history of medical bills that they were unable to pay. Let us take a few minutes to examine the costs of illness and how you can get help.Continue Reading

Life Insurance Without Exams: Is It Right For You?

For one reason or another, people might wish to buy life insurance, but want to avoid an exam. Some don’t want blood drawn. Others don’t wish to wait for exam results and six weeks of lag time before a policy finally issues. I’ve heard of people refusing a swab of the mouth for obtaining saliva because they thought they thought the insurer was going to use it for a DNA sample. They didn’t get the insurance. Continue Reading

Making The Move: 5 Steps to Start Paying Off a Large Debt

Paying off a sizable debt, or collection of debts, is a big problem for a lot of people. Fortunately though there are some simple steps that, if properly applied, can have an immediate and noticeable effect on what someone owes.Continue Reading

Prequalification? Tips For Understanding Mortgages

There are several advantages to getting pre-qualified for a home loan, which as many borrowers may not know, is different from being pre-approved for one. To pre-qualify a borrower for a home loan, mortgage lenders calculate their ability to make monthly payments which allows them to hand out safer loans; Getting pre-qualified for a home loan also allows the borrower to shop within their means when buying a home since they’ll already be aware of how much they’ll likely get from a lender. When you get pre-qualified for a loan, you’ll know the maximum amount for which you can receive. Continue Reading