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4 financial safeguards to consider now

While saving income and building home equity is essential, ensuring proper financial security is equally important.

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As a new year begins, many Americans may be looking closer to their finances and investments. January is a good time to reassess where potential savings can be secured. It’s also a good time to review any financial security – or lack thereof.

While building and accumulating income and home equity is crucial, it is equally important to ensure that you and your loved ones have adequate financial protection to protect your investments.

Fortunately, there are multiple ways to protect yourself from potential emergencies, illness, and even death. To get the most value from these items, however, it pays to act quickly when rates are generally cheaper and coverage protections are often stronger.

4 financial safeguards to consider now

Here are four ways you can protect yourself financially right now.

life insurance

Life insurance protects you and your loved ones in the event of the death of the policyholder. Payments range from several thousand dollars to more $1 million. Those who benefit from life insurance coverage are significantly different, from young people Even some homeowners with small children Senior.

While the benefits of life insurance are relative to the individual, it is traditionally relied upon to cover the income gap due to the death of the insured. It can also be used as a legacy to leave Beneficiary Or as a cash alternative to tap while alive.

Not sure how much life insurance you need or how much it will cost to secure it? Get started now by getting a free price quote online so you know exactly what to expect

Home warranty

Home ownership can be fulfilling and rewarding. It can also be stressful and expensive. Fortunately, home warranties are available which usually help reduce headaches when household appliances break down or stop working efficiently.

Typically, a home warranty may cover all or some of the following items:

  • Dishwasher
  • Refrigerator
  • microwave
  • oven
  • Garage door opener
  • Air conditioning device
  • furnace
  • washing clothes
  • clothes dryer

This list is not exhaustive and the warranty may cover fewer or more items. It can be set up to cover only selected items. Prices typically range from $25-$100 per month, depending on which appliances you want covered and how much coverage you need. Compared to the potential cost of cold-calling a servicer, however (not to mention replacing the entire appliance), a home warranty is an inexpensive and valuable financial protection.

Enter your zip code here now to see what kind of pricing you qualify for.

Home security systems

Like a home warranty, a home security system can help protect what’s inside your home—including the occupants.

Home security systems help protect your home and outdoor property through a system of technological components and electronic devices. They are tied to a primary control panel that turns on when motion or intruders are detected in places where they shouldn’t be. Emergency response services may also be notified depending on the circumstances and settings you have implemented in your personal system.

All of the other financial protections on this list will be worthless if you can’t protect who and what is in your home first Fortunately, home security systems are inexpensive and easy to install. You can get a free price quote right here or you can start shopping around for some of the top home security providers through the table below.

Travel insurance

Airfare and overall travel are more expensive as gasoline prices are still high. Accordingly, it pays to have travel insurance to protect against any illness or emergency that may occur. Cancel the trip. Without travel insurance, the money you’ve already spent on a round-trip flight, hotel and planned excursions will be lost forever.

But travel insurance, purchased before your departure date, can help refund most or all of the money you’ve deposited. Costs for an insurance plan vary, although they typically fall between 5% and 10% of your total travel costs. Considering that traveling is expensive, especially when taking multiple flights and going abroad, travel insurance is a smart way to protect yourself in case something goes wrong.

You can now easily search multiple travel insurance policies online to find the right one for you.

Bottom line

Not all financial protections are created equal. And not all financial protections apply equally across the board. For example, you won’t need travel insurance if you’re staying at home. And if you’re a renter, you may be able to skip the home warranty

But, in general, life insurance, home warranties, home security systems and travel insurance can keep you financially secure as well as comfort and peace of mind.

Learn more by getting a free life insurance quote online now.

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