Umbrella insurance provides liability coverage above and beyond your home and auto policies. A $1 million umbrella typically costs $150–$300 per year.
Retirees with significant assets are targets for liability lawsuits. A single at-fault car accident can produce a judgment that wipes out a lifetime of savings. Umbrella coverage is the cheapest asset-protection insurance you can buy.
Life insurance pays a tax-free death benefit to your beneficiaries when you die. The main types are term (temporary, cheap), whole (permanen…
Long-term care (LTC) insurance pays for extended assistance with daily living — nursing homes, assisted living, or in-home care — when you c…
Disability insurance replaces a portion of your income if you can't work due to illness or injury. Short-term policies cover 3–6 months; lon…