Personal Finance Mastery

Although there are various options to choose from when you are buying life insurance, it is not as confusing as many people think it is. In fact there are only two main types to consider, these being whole life insurance and term life insurance. The variations you will be offered originate from one or other [...]

There are many ways to save money when shopping for home insurance. Before deciding on a homeowner’s policy, try to look at the amount of coverage provided as well as any discounts there may be. It’s important not to just choose the first one you come across. The rates between companies can differ a considerable [...]

What is Whole Life Insurance?
Whole life insurance is a form of permanent insurance that also builds up a cash value.  It provides permanent protection for the insured person’s entire life.  There are 5 common types of permanent life insurance policies; whole life, variable life, universal life, and variable universal life.
Whole life insurance contracts have a [...]

When I was younger, I believed that insurance was a scam.  After my long journey learning about all aspects of personal finance, I realized I was wrong.  You see, each and every person has an economic value for their life.  Just think about how much money you will earn in a lifetime.  This economic value [...]

Are you looking to purchase life insurance but are confused as to what product is right for your specific situation?  If so, don’t fret!  I will be writing a series of blog posts describing the different forms of life insurance products available.  The topic of this blog is Return of Premium Term Life Insurance.
What is [...]

If you own a home, having insurance on it is a fact of life. It may seem expensive and be a pain to continually pay premiums, but if something happens you’ll be happy to have it. A lot of homeowners simply sign the papers and make the payments not really concerned about what the policy [...]

When you buy a new car and drive it off the lot, it isn’t worth what it was when you signed the papers mere moments earlier. In fact, it’s lost a considerable amount of its value, sometimes thousands of dollars. A car depreciates–is worth less money–as soon as you take possession [...]