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An insurance deductible is the amount you, the insured, must pay before any claim will be paid by your insurance carrier. Depending upon the type of insurance you have, your policy may set the amount of deductible or you may have the ability to set it. Deductibles serve a dual purpose: They save the insurance company money (including the administrative cost of processing small claims) and may help keep your premium costs lower. Choosing the Right Deductible Amount Generally speaking,

If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances. In fact, according to a study conducted by LIMRA, which closely follows life insurance trends, less than half of U.S. households say they have individual life insurance coverage, and 40% of Americans say they need more coverage. (1) Recognizing the role life insurance can play