Finance
Why Some Financial Experts Say to Avoid Whole Life Insurance
Article Written By: Lauren Hoeffel When you start looking into life insurance, you’ll quickly run into two camps of advice: • Some experts call whole life insurance one of the most reliable ways to protect your family and build wealth. • Others call it one of the biggest financial mistakes you can make. So, who’s…
Read More about Why Some Financial Experts Say to Avoid Whole Life InsuranceWhy Whole Life Insurance is More Expensive – And When It’s Worth It
Article Written By: Lauren Hoeffel When people start shopping for life insurance, one of the first questions that comes up is: “Why is whole life insurance so much more expensive than term life?” It’s a fair question. At first glance, the price difference can feel shocking. A term policy for $500,000 might only cost $30…
Read More about Why Whole Life Insurance is More Expensive – And When It’s Worth ItWhen Whole Life Insurance Doesn’t Make Financial Sense
Article Written By: Lauren Hoeffel When most people start exploring life insurance, they quickly run into two terms: term life insurance and whole life insurance. Term insurance is usually straightforward — coverage for a set number of years at a relatively low cost. Whole life, on the other hand, is often presented as the “forever”…
Read More about When Whole Life Insurance Doesn’t Make Financial SenseDisability Insurance vs. Workers’ Compensation: What’s the Difference?
Article Written By: Lauren Hoeffel What’s in this article? What is Workers’ Compensation? What is Disability Insurance? The Big Differences Between the Two Common Myths How to Decide on the Right Disability Coverage If you’ve ever wondered whether workers’ compensation and disability insurance are the same thing, you’re not alone. At first glance, they both…
Read More about Disability Insurance vs. Workers’ Compensation: What’s the Difference?Life Insurance vs. Emergency Fund: Why You Likely Need Both
Article Written By: Lauren Hoeffel When it comes to financial security, two of the most common tools people talk about are life insurance and an emergency fund. But here’s a question I hear all the time: “If I have an emergency fund, do I really need life insurance? Or if I have life insurance, do…
Read More about Life Insurance vs. Emergency Fund: Why You Likely Need BothBack to School, Back to Financial Basics: Why Now is the Time to Consider Term Life Insurance
Article Written By: Lauren Hoeffel As the scent of freshly sharpened pencils and new notebooks fills the air, many families are laser-focused on one significant seasonal milestone: the start of the school year. Between shopping for supplies, adjusting to new routines, and navigating busy mornings, it’s easy to overlook another kind of preparation — one…
Read More about Back to School, Back to Financial Basics: Why Now is the Time to Consider Term Life InsuranceAre You Paying Too Much for Life Insurance? Here’s How to Know—and What to Do About It
Article Written By: Lauren Hoeffel If you’ve ever wondered whether you’re spending more than you should on life insurance, you’re not alone. Many families unknowingly overpay for policies that don’t actually match their needs. And in most cases, it’s not because they’re careless—it’s because the system makes it confusing to know what’s really necessary. So…
Read More about Are You Paying Too Much for Life Insurance? Here’s How to Know—and What to Do About ItThe Risk of Letting Your Term Policy Lapse — and How to Avoid It
Article Written By: Lauren Hoeffel If your term life insurance policy lapses, what exactly happens—and can you fix it? Or worse, is the protection you counted on now gone for good? It’s a question we hear often, especially from people who set up their policy years ago and assume everything is still in order. But…
Read More about The Risk of Letting Your Term Policy Lapse — and How to Avoid ItWhen Term Life Insurance Might Not Be Right for You
Article Written By: Lauren Hoeffel If you’ve been researching life insurance, you’ve likely come across term life insurance. It’s often pitched as the most affordable and straightforward option. And for many, it is. But what’s usually not discussed—at least not openly—is when term life insurance might not be the best fit. At Family Security Plan,…
Read More about When Term Life Insurance Might Not Be Right for You10-Year vs. 30-Year Term: How Coverage Length Impacts Price
Article Written By: Lauren Hoeffel When buying term life insurance, one of the biggest questions people ask is: “Should I choose a 10-year term or a 30-year term?” It’s a great question—and the correct answer depends on your life goals, budget, and how much financial protection your loved ones need. This article explains the fundamental…
Read More about 10-Year vs. 30-Year Term: How Coverage Length Impacts Price