Insurance
The fourth key to having a good plan is having enough insurance. We love using NetQuote and InsureMe to obtain new quotes! You only type in your information ONCE and it goes to dozens of insurers in your area for quotes.
When companies compete – YOU win.
Joe carries the following five types of insurance.
- Level Term Life Insurance Eight to ten times one’s annual income. Joe suggests around $250,000 for a homemaker.
- Health Insurance Nearly half of all bankruptcies are a result of uninsured medical expenses.
- Disability Insurance As a worker, you are three to four times more likely to be disabled for sixty to ninety days than die before age 65 (1)
- Auto Insurance
- Homeowner’s/Renter’s Insurance
Joe recommends that you obtain quotes from three different companies. Bundle insurance together to obtain a 10% – 30% discount! You can obtain all three of your quotes via netQuote and insureme below!
Note from Joe – I used both netQuote and insureme below and received phone calls from three different agents in less than five minutes!!! AllState, AIG, and State Farm were among the companies that called me. When competition happens, the consumer wins!
1. From Bankrate.com article, “Get Disability Insurance If You’re Able” May 20, 2004 by Pat Curry
