Most employer plans offer life insurance equal 1-2x your annual salary. We recommend having coverage equal to 3-7x your pre-tax income. Even if you have enough insurance through your job, you may lose it if you leave.
Imagine something happening to the stay-at-home spouse or parent in your family. If he or she became sick or injured, you’d most likely have to hire help or incur extra expenses like medical bills.
Pro tip: There are only a few companies that offer standalone, long-term disability income insurance for stay-at-home spouses and parents and we’re one of them!
In most states, auto liability insurance coverage is a legal requirement, however, coverage amounts vary. Make sure you have enough bodily injury liability coverage and property damage liability coverage on your vehicles.
Pro tip: When deciding how much auto insurance you need, make sure you’re covered for an amount equal to the total value of your assets.
Get renter’s insurance if you rent and homeowner’s insurance if you own. Are you covered if a candle falls over or if someone slips on your sidewalk? Consider extra liability coverage.
Pro tip: Reduce your insurance premiums by taking preventative actions like installing a burglar alarm system.