So yes, it’s true that COBRA is expensive…. because your insurance is expensive. Recently, I was talking with a friend who is planning to leave the workforce and take some time off before looking for a new job. I asked what she would do for health insurance and mentioned COBRA. Her immediate response was “Oh, no, COBRA is expensive”. * It is true, COBRA is expensive, because her health insurance is expensive!* What is COBRA? The acronym comes from the Consolidated Omnibus Budget Reconciliation Act. COBRA gives employees the right to continue their job’s group health insurance in certain circumstances such as voluntary or involuntary job loss. …
Insurance
If You Outlive Your Term Life Insurance Did You Waste Your Money?
Later this year, the first of my husband's and my term life insurance policies expire. Twenty years ago, I found out I was pregnant. In between waves of nausea I remember thinking "We should get life insurance". We chose 20-year term life insurance policies. Term life insurance pays a benefit in the event of the death of the insured during a specified term. It is especially important for people with young children. In the event of an untimely death, life insurance helps the surviving spouse and children maintain their lifestyle. It's important for anyone with earnings, but also for stay-at-home caregiving spouses. If the caregiver spouse dies how much would it cost to hire out all …
