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October 9, 2024
By
The Admiral Staff
Amidst feelings of anxiety and uncertainty, the article suggests five constructive financial steps to take from home. These include securing life insurance (potentially up to $1.5 million starting at $20/month), starting an investment portfolio with as little as $1, establishing an emergency fund (potentially boosted by stimulus checks), reducing car insurance costs, and exploring ways to earn extra income from home, such as virtual bookkeeping or completing online surveys.
September 8, 2024
By
The Admiral Staff
Cashing in a life insurance policy, particularly universal or whole life policies which accrue cash value, can be tempting but requires careful consideration. Before doing so, understand policy limitations, potential tax implications (some proceeds are taxable), and the impact on beneficiaries who rely on the death benefit. Surrender fees, which decrease over time, can also significantly reduce the payout. Alternatives to cashing out include borrowing against the policy’s value, borrowing from other assets like a 401(k) or
July 26, 2024
By
The Admiral Staff
Life insurance premiums are influenced by numerous factors, with age being the most significant. Other key factors include gender (women typically pay less), health (including medical history, smoking status, and lifestyle), family medical history, criminal record, driving record, job/hobbies, and credit score. The type of policy (term vs. permanent) and coverage amount also significantly impact costs. To secure a better rate, experts recommend starting early, prioritizing health, opting for term life insurance, comparing quotes from multiple
March 2, 2024
By
The Admiral Staff
The article advises keeping one to two months of living expenses in your checking account as an emergency fund. Once that’s established, it suggests three steps to grow your money: invest as little as 15 cents through a round-up app like Acorns, compare car insurance rates using a marketplace like SmartFinancial to potentially save hundreds of dollars annually, and secure a life insurance policy (starting around $20/month) through a company like Bestow to protect your family’s financial future
January 23, 2024
By
The Admiral Staff
The article encourages readers to reflect on their financial habits in 2021 and set resolutions for 2024. Key recommendations include paying off credit card debt (potentially by lowering interest rates), securing final expense life insurance to ease financial burdens on family after death, obtaining term life insurance to protect family income, prioritizing savings in high-yield accounts, and even exploring opportunities to earn extra money through apps like Solitaire Cash. The overall message is to address financial shortcomings and proactively plan for a
