Life insurance is a tricky thing, especially if you have no idea how much you need. You do not want to purchase too much or too little. Every person is different so there is no magic number. Luckily, there are some easy ways to determine a great ballpark figure for the right amount of life insurance needed for you. Answer these questions to help figure out how much you need.
- Do you have debt? This is a big thing to take a look at because if you pass away and you have debt, it will likely be handed over to a family member to take care of. This is a burden you do not want to give to anyone. If you have debt, figure out how much so you can account for it in your life insurance policy.
- Are you financially responsible for the care of anyone? This is important because if you have someone such as a child, parent, or spouse who relies on your income for care, you need to make sure there is enough set aside for them to live comfortably until they can get back on their feet and take care of themselves.
- Have you considered funeral costs? Funerals are not cheap and whether you get buried or cremated, it can still cost a lot. If you have not already saved for this expense, then you may want to consider it so that the burden does not fall on a family member. Consider adding this cost to your life insurance so it can come out of that money instead of someone else’s hard earned money.
If you still have questions or would like to get a quote for life insurance, please contact us at Don Allred Insurance today.
Fender benders are incredibly unpleasant but for some, they may become something necessary to deal with. That being said, it is important that all drivers know what fender bender fraud is and what to do if you suspect that you are caught in one.
To put it quite simply, fender bender fraud is any accident that was either staged or where one driver tries to extort or take funds from another driver through unfounded claims. Some typical instance as those in which a driver is not paying attention and the driver in front of them slams on their brakes causing a rear-end collision. Though you may have been following the rules of the road, the fact that the accident occurs makes it necessary to make an insurance claim.
In fraudulent accidents the driver that is pulling the scam will often claim that they have injuries that are hard to prove like whip lash in which case the afflicted driver will then take money for medical bills and for pain and suffering from the driver that they have pulled the fraud on. This type of accident is more prevalent that you might imagine, and if you are part of one, you can often spot it fairly quickly.
Those drivers that are quick to get your information but reluctant to share their own may be pulling a fraud, if you have no idea how the accident happened, and you cannot pinpoint how it occurred, it may be a scam. It is important to keep in mind that those accidents that are fraud still have the ability to affect your insurance rates and your driving record. If you suspect that you have been part of a fraud you can always take action and work to clear your name. Don Allred Insurance wants you to be safe so be diligent with all insurance claims.