The head of State Farm's innovation lab explains the new ways the $100...
The insurance industry is facing mounting challenges, from tech-powered upstarts to an aging population. State Farm is tackling those hurdles with its internal innovation lab.Unlike the insurer's...
View ArticleThe average cost of car insurance in the US, from coast to coast
Car insurance prices include a variety of factors, and every insurance company looks at those factors differently. According to premium information gathered by Business Insider, the average cost for...
View ArticleAfter 3 major surgeries, spending $21 a month on disability insurance means I...
I'm young, but after undergoing three major surgeries in 2019, I realized I'm not invincible.My surgeries went smoothly, but if they hadn't, I could have lose my ability to earn an income. To protect...
View ArticleHaving a baby forced me to confront my mortality, but spending $6.50 a month...
When I was pregnant with my daughter, I found myself worrying constantly about how I was going to protect her.I bought products — like a doppler to listen to her fetal heartbeat — that would keep her...
View ArticleI never thought I needed life insurance at 31 until 2 unexpected deaths made...
As someone who's young, single, and healthy, I never thought I needed life insurance until two of my younger family members died unexpectedly.Realizing that my own death could create a financial burden...
View ArticleWarren Buffett took a $60 million hit after the Red Sox won the World Series...
Warren Buffett took a $60 million hit after the Red Sox won the World Series in 2007, according to the Boston Globe.The famed investor's Berkshire Hathaway conglomerate made the payout after insuring a...
View Article7 things to do with your money that will put you light-years ahead of your...
If you want to be better with money in 2020, there are a few things you can do that will have a big impact.For example, start tracking your spending to find out where you can save more; put your money...
View ArticleYour life insurance beneficiary determines who gets the money upon your...
Life insurance beneficiaries receive the payout from a life insurance policy.A will or trust doesn't supersede a life insurance policy. Life insurance beneficiaries are final.Most life insurance...
View ArticleHere's the pitch deck the fast-growing startup Wefox used to raise an...
The German insurtech Wefox has raised an additional $110 million in funding from OMERS Ventures, Merian Chrysalis, Samsung Catalyst Fund, and Mundi Ventures.The fast-growing startup raised a $125...
View ArticleAutomation and artificial intelligence could save banks more than $70 billion...
North American banks could save $70 billion by 2025 by using technology such as automation and artificial intelligence to trim workers and boost productivity, according to a Thursday study from...
View ArticleLess than an hour with my laptop showed me exactly why it's so important to...
I spent an hour shopping for car insurance, and that 60 minutes saved me $110. Getting quotes from five different car insurance companies helped me to compare costs and find the best coverage, though I...
View Article5 reasons not to wait until you're expecting a family to get life insurance
If you know that you want to start a family in the future, it's better to get life insurance sooner rather than later. Getting life insurance now could help you save money on your monthly payment, have...
View Article30 minutes with my laptop showed me exactly why it's so important to shop...
Just like any other type of insurance, spending an hour (or less) to shop around for life insurance could help you save. In about half an hour, I collected quotes from life insurance companies...
View ArticleHere's everything you'll want to read if you can't make up your mind about...
Shopping for life insurance can be intimidating. There's so much information out there that it's hard to know where to start.If you want to learn more about life insurance, figure out if it's for you,...
View ArticleI'm a healthy, single 27-year-old woman, but a flood convinced me life...
After my upstairs neighbor's kitchen caught fire, I couldn't live in my apartment for a month. My place flooded after the fire department put out the blaze upstairs.I was lucky enough to have friends...
View ArticleI'm a financial adviser and there are 6 reasons I don't think $2.5 million of...
As a financial adviser, I consider it my job to inform my clients about the importance of life insurance and help them decide how much to buy. I've seen what happens when families don't have enough...
View ArticlePeople say life insurance should cover 10 times your income, but as a...
Experts often say you should purchase a life insurance policy that's worth 10 times your income. As a financial adviser, however, I tend to believe that's not nearly enough.It's true that term life...
View Article4 questions a financial planner asks clients to figure out how much...
If you would not be able to reach your goals or be financially stable if you lost your income tomorrow, then it's worth thinking about what kind of disability insurance coverage is right for you.In...
View Article4 reasons to buy life insurance, even if you already have it through work
Depending on your financial situation, it may be a good idea to buy an individual life insurance policy to enhance your coverage.It's smart to take advantage of free life insurance through your...
View ArticleMy car insurance company raised my rate by 20%, but after an hour of research...
A few months ago, my car insurance company, Esurance, raised my rate by about $25 a month (including the service fee) even though my driving record hadn't changed at all.Drivers in my home state of...
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