Here’s the Best Age To Get a Policy

Here’s the Best Age To Get a Policy

INSURANCE
leminuit/Getty ImagesDeciding when to purchase a life insurance policy may be one of the most important financial decisions you'll make. Get it too late and you'll pay higher premiums. Get it too early and you could be paying unnecessarily for years. So what's the perfect time to buy life insurance coverage?Check Out: How Much Does the Average Middle-Class Person Have in Savings?Try This: One Smart Way To Grow Your Retirement Savings in 2024We spoke to two experts to get their insights: Jiten Puri, CEO of PolicyAdvisor.comand Brandon Robinson, president and founder of JBR Associates. They share their expert thoughts below.insurance policy.;elm:context_link;itc:0;sec:content-canvas" class="link rapid-noclick-resp">Also, see the pros and cons of borrowing money from a life insurance policy.Why Is It Important To Think About Life Insurance?Life insurance is something that often gets…
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Colonial Penn Life Insurance reviews

Colonial Penn Life Insurance reviews

INSURANCE
Colonial Penn specializes in permanent life insurance for those over age 50. However, coverage amounts are relatively low, and there are many complaints against the company. This Colonial Penn life insurance review will help you decide whether it might still be a good fit for you, especially if you have end-of-life planning concerns.Colonial Penn Life InsurancePros:Low-cost permanent life insurance coverageGuaranteed insurance with no medical exam30-day “try it on period” allows for cancellation for a full refundCons:Policies aren't available to those under the age of 50LifeChoice Whole Life insurance is only available in New York stateCoverage amounts are relatively lowColonial Penn overviewColonial Penn offers permanent life insurance to people 50 to 85. Their main approach is a guaranteed life insurance policy that doesn't require a medical exam. With Colonial Penn, the…
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Bill hiking minimum car insurance coverage clears Legislature

INSURANCE
New Jersey drivers may have to pay more for car insurance under a bill lawmakers passed Wednesday over objections from some Republicans about affordability. The bill would hike the minimum coverage required for standard car insurance policies and uninsured/underinsured motorist coverage to between $25,000 and $70,000, depending on when a motorist renews their policy. The minimum now required is $15,000. Sponsors of the measure have characterized it as one that would protect consumers, but critics have complained the bill would burden people already struggling with inflation, high gas prices, and other financial stresses. Assemblyman Robert Auth (R-Bergen) urged his colleagues Wednesday to oppose the bill, which would “put our jackboot on the poor driver of New Jersey.” “This is a really, really bad bill, it's really poorly designed, it's really…
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