Insurance is based on planning for the unexpected. Planning for death could seem a bit morbid, however life insurance can take care of medical costs to funeral costs. Lisa Ryerson, Regional Vice President of Appreciation Financial, shares why life insurance is beneficial in the long run.

1. When should you start having life insurance?

As soon as possible. I truly believe that once a newborn gets his or her social security number then their parents should get them a life insurance policy. It will set the child up for college funds, retirement, living benefits, and life insurance for the future. It is so inexpensive for babies to get life insurance. The cost of life insurance increases as we get older and our health declines as well, making it more challenging and in some cases the person can be considered uninsurable.

2. What are things to consider when purchasing life insurance?

You're at risk if you don't have life insurance in place. There are some amazing living benefits as well in order to pay for medical costs in the future, death benefit so that in case something happens to you then your family, mortgage, etc. will be protected, and retirement savings.

3. Why should a person get life insurance?

To protect their family when they pass. I have met many families and never once have I met someone that was upset with owning life insurance when a family member dies. Unfortunately, the opposite is also true and I have met too many families that did not have life insurance and some of their stories are heart breaking such as losing their home, financial stress (especially during the grieving process), and overall the complete financial ruin that can come with the loss of a loved one.

4. What types of life insurance are there?

Term, whole life, universal life, and indexed universal life insurance. Life insurance products have improved so much over the years and it's much more than just a death benefit. There are living benefits that truly help people so they don't have to die to access some of the benefits and address some of the real basic needs that people have. The fact remains that we are living longer than ever before but with that comes challenges with health and other costs. Our products help make sure people don't put themselves in a financial bind.

5. How many people don't have life insurance?

Far too many, America is grossly underinsured. According to a life insurance survey, 64% of Americans do not have life insurance at all. The majority of life insurance in this country is owned by the top 10% income earners and as they pass their heirs reap the rewards. We want to reverse that trend, not to make people rich through life insurance but rather to ensure that families don't become poor because they didn't have it in place.

6. How do you determine how much life insurance you need?

Figure out who and what you would like to be covered if something were to happen to you. Mortgage, children's college expenses, burial expenses, debt, etc. It's important to remember that when someone passes away there is a grieving period which typically means time away from work. There are also additional expenses that come with death so it's a "double whammy" because income is lost and additional expenses are taken on. I would shoot for 10 times your income as a good rule of thumb when it comes to insurance. That gives your family a 10-year buffer to either pay down debt or have income accessible to them for that time period.

PayPath
Follow Us on

Afghan women

NBC

Over the past month, both Haiti and Afghanistan have been pummeled by tragic disasters that left devastation in their wake.

In Haiti, a 7.2 magnitude earthquake erupted, leading over to 2,189 deaths and counting. A few hours later, in Afghanistan, Kabul fell to the Taliban just after U.S. troops had pulled out after 20 years of war.

In many ways, these disasters are both chillingly connected to US interference. The United States invaded Haiti in 1915, ostensibly promising to restore order after a presidential assassination but really intending to preserve the route to the Panama Canal and to defend US creditors, among other reasons.

But the US forces soon realized that they were not able to control the country alone, and so formed an army of Haitian enlistees, powered by US air power and intended to quell Haitian insurrection against US controls. Then, in 1934, the US pulled out on its own, disappointed with how slow progress was going. Haiti's institutions were never really able to rebuild themselves, leaving them immensely vulnerable to natural disasters.

Something similar happened in Afghanistan, where the US sent troops and supported an insurgent Afghan army – only to pull out, abandoning the country they left in ruins, with many Afghans supporting the Taliban.

In both cases, defense contractors benefited by far the most from the conflict, making billions in profits while civilians faced fallout and devastation. While the conflicts and circumstances are extremely different and while the US is obviously not solely to blame for either crisis, it's hard not to see the US-based roots of these disasters.

Today, in Haiti and Afghanistan, civilians are facing unimaginable tragedy.

Here are charities offering support in Afghanistan:

1. The International Rescue Committee is looking to raise $10 million to deliver aid directly to Afghanistan

2. CARE is matching donations for an Afghanistan relief fund. They are providing food, shelter, and water to families in need; a donation of $89.50 covers 1 family's emergency needs for a month.

3. Women for Women International is matching donations up to 500,000 for Afghan women, who will be facing unimaginable horrors under Taliban control.


4. AfghanAid offers support for people living in remote regions of Afghanistan.

5. VitalVoices supports female leaders and changemakers and survivors of gender-based violence around the world.

Here are charities offering support in Haiti:

1. Partners in Health has been working with Haiti for a long time, and they work with the Department of Health rather than around them, which is extremely important in a charity.

2. Health Equity International helps run Saint Boniface Hospital, a hospital in Haiti close to the earthquake's epicenter.

3. SOIL is an organization based Haiti, "a local organization with a track record of supporting after natural disasters." They are distributing hygiene kits and provisions on the ground to hospitals and to victims of the earthquake.

4. Hope for Haiti has been working in emergency response in Haiti for three decades, and their team is comprised of people who live and work in Haiti. They focus on supporting children and people in need across Haiti.

via Tiffany & Co.

When the new Tiffany's campaign was unveiled, reactions were mixed.

Tiffany's, the iconic jewelry brand which does not (despite what some might be misled to believe) in fact serve breakfast, featured Jay Z, Beyoncé, and a rare Basquiat painting in their recent campaign.

Keep reading Show less

Stacker

Road trips can be a lot of fun — but they can also drain your wallet quickly if you aren't careful.

From high gas costs and park admission fares to lodging and the price of eating out every night, the expenses can add up quickly. But at the same time, it's very possible to do road trips cheaply and efficiently. Without the headache of worrying about how much money you're leaking, you can enjoy the open road a whole lot more. Here's how to save money on a road trip.

1. Prepare Your Budget, Route, and Packing List in Advance

If you want to save money on a road trip, be sure you're ready to go. Try to count up all your expenses before you hit the road and create a budget. It's also a good idea to plan your route in advance so you don't end up taking unnecessary, gas-guzzling detours. And finally, be sure to pack in advance so you don't find yourself having to buy tons of things you forgot along the way.

2. Book Cheap Accommodations — Or Try Camping

All those motel rooms can add up surprisingly quick, but camping is often cheap or free, and it's a great way to get intimate with the place you're visiting. You can check the Bureau of Land Management's website for free campsites. Freecampsite.com also provides great information on If you don't have a tent or don't want to camp every night, try booking cheap Airbnbs or booking hotels in advance, making sure to compare prices.

Camping camping road tripConde Nast Traveler

If you're planning on sleeping in your car, a few tips: WalMart allows all-night parking, as do many 24-hour gyms. (Buying a membership to Planet Fitness or something like it also gives you a great place to stop, shower, and recharge while on the road).

3. Bring Food From Home

Don't go on a road trip expecting to subsist on fast food alone. You'll wind up feeling like shit, and it'll drain your pocketbook stunningly quickly. Instead, be sure to bring food from home. Consider buying a gas stove and a coffee pot for easy on-the-go meals, and make sure you bring substantial snacks to satiate midday or late night cravings so you can avoid getting those late night Mickey D's expeditions.

Try bringing your own cooler, filling it with easy stuff for breakfast and lunch — some bread and peanut butter and jelly will go a long way. Bring your own utensils, plates, and napkins, and avoid buying bottled water by packing some big water jugs and a reusable water bottle. Alternatively, try staying at hotels or Airbnbs with kitchens so you can cook there.

4. Avoid Tolls

Apps like Google Maps and Waze point out toll locations, so be sure to avoid those to save those pennies. (If it takes you too far off route, you might have to bite the bullet and drive across that expensive bridge).

You can also save on parking fees by using sites like Parkopedia.

Road Trip Road TripThe Orange Backpack


5. Save on Gas

Gas can get pricy incredibly fast, so be sure that you're stopping at cheap gas stations. Free apps like GasBuddy help you find the most affordable gas prices in the area. Also, try going the speed limit on the highways — anything faster will burn through your tank. Be sure that you don't wait till you arrive at touristy locations or big cities to fill up.

6. Get a National Park Pass

All those parks can get really expensive really fast. If you're planning on visiting three or more parks, it's a great idea to get an America the Beautiful National Parks Pass. For $80 you can get into every National Park for one year.