insurance

Financial Decisions You’ll Need To Make in Your 20s

Entering your 20s means you'll quickly need to learn how to navigate the world of personal finances, much of which you probably didn't learn in college or high school courses.

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Everything You Need To Know About This One Insurance Trick That Could Save You Hundreds

Insurance bills suck.

They're so necessary, but when your premiums come due, it can almost feel like you're just throwing money down the drain.

And since you choose your own insurance, there's always the nagging feeling that maybe you chose the wrong one.

Is everyone paying this much for insurance?! Sometimes, yea: Americans are overpaying by the billions.

So we found a way to figure out if you're one of those Americans: Gabi.

It's an online portal that compiles all the rates from the major (and not-so-major!) auto and home insurance companies, so you can see if there's something out there more affordable than your current plan.

Here's everything you need to know about Gabi:

What exactly is Gabi?

It's like an online insurance marketplace. They work with more than 40 insurance companies in all 50 states to identify the lowest rate for you.

You answer some basic questions and upload your current insurance (it took us about 2 minutes) and then they'll email you a quote of what you should be paying and where you can land that rate. They also help you buy it. Gabi will always show you the lowest rate, and there's no obligation to switch.

Is it difficult?

Nope - it's ridiculously easy. Simply fill out the form, get a quote, and then they'll help you switch providers. Gabi walks you through the entire process, either online or over the phone.

What kind of information do I need to give them?

They ask for your current carrier and policy, along with basics like your address and social security number to double check that everything is correct.

Do they do all types of insurance?

Currently, they do home, auto, renters, umbrella, and landlord insurance.

Is it really free?

Yes! They don't make money off of you, they make money off of the insurance companies. So you get to reap the rewards.

...Is it legit?

Yep - they don't share or save any of your data. It's all super secure and there are so many incredible customer reviews. People like Gabi for how much they save, and how easy it is to switch carriers.

Okay, but will this really save me money?

They claim that on average, users save $825 a year, but some save less and some save way more.

Or, people discover that they're already on the cheapest plan! Honestly, that's amazing - that means you can rest easy knowing the grass isn't greener on the other side.

Insurance companies profit off you by making insurance seem really complicated so you don't look too deeply into your rates.

Gabi is trying to change this.

With full transparency, you'll see which company actually has the cheapest rates, and those who just advertise that they do. Try Gabi today and see how much you can save.

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Everything You Need To Know About Life Insurance

When I was younger, I used to be the shirtless headbanger at rock concerts – so I was not the type of person who'd ever thought about getting life insurance.

Things change, people age and put on shirts, and I got to a point where I had a wife and a family, and it was something I really needed to think about.

The whole process of buying life insurance was overwhelming at first, but I dove into research and found an excellent experience with Bestow.

Bestow provided life insurance for me in under 5 minutes and started at $5 a month.

I looked at sooo many companies first, though. If you know at the back of your mind that life insurance is something you need, keep reading.

Here are the 5 things you need to learn about life insurance before choosing a plan.

1. Term Vs. Whole

The first thing I kept seeing pop up was the decision between term or whole life insurance.

Term Life Insurance provides death benefits. It's purchased for a set time period, such as 5, 10, or 20 years.

If you pass while the policy is in effect, your beneficiary will receive the full amount you have set aside. It needs to be renewed once it expires, or it no longer applies. Bestow offers term life insurance for 2 year, 10 year, or 20 year terms.

Whole Life Insurance provides death benefits as well as a cash percentage that accumulates during the lifetime of the policy. It covers you for life and typically has higher monthly premiums.

2. What You'll Be Asked

Both types of policies typically require a health exam. However, it is possible to get a policy without one (very helpful if you don't like taking unnecessary blood tests!). Bestow's term plans don't require a blood test – you'll be required to submit your medical records and answer questions about your lifestyle, like your tobacco use.

3. Who Can't Get Life Insurance

If you're a rock climber or scuba diver, you're probably going to have some trouble. You'll also encounter difficulty or high premiums if you smoke or have certain chronic illnesses, like HIV.

4. The Cost

In general, whole life is more expensive. Bestow's premium was the least expensive starting point I'd ever seen – at $5 a month. Typically, a healthy younger person may see premiums of around $25 a month.

Also, big tip: if you're younger, it makes sense to get a policy now because your premiums will be lower. When you reach a certain age, it can become too expensive or even impossible to get life insurance.

5. Online Vs. Over the Phone

I was expecting the sign-up process to be super detailed and include many phone transfers between different people. Seriously, I was shocked when, after submitting my online application with Bestow, there was only a short wait followed by an approval! I didn't need to speak with a human being unless I wanted to (Gen X, here). Many companies will require phone calls and overwhelming paperwork, but only a few like Bestow are completely online and have the option to use the chat feature.

After all my research, I was confident Bestow was a good choice for me at this time in my life. Now that I'm signed up, I never have to think about it. This has been a huge weight off my shoulders that I didn't even know was there, and I'm so grateful.

Learn more about Bestow today and protect your loved ones no matter what happens.

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Is Pet Insurance Worth the Cost?

Puppy Leaks

Your pet is a part of your family, and you'd do anything to keep your fluffy friend happy and healthy.

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