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Added on the 15/10/2017 16:12:22 - Copyright : Wochit
It's very simple: if you smoke tobacco or cannabis, vape, or chew tobacco, you will pay more for life insurance. The US Surgeon General says 16 million Americans have a smoking-related disease. Smoking-attributable healthcare spending costs over $170 billion per year. According to Business Insider, life insurance premiums are based on your health risk for insurance providers. The effect of nicotine on health is well documented, so smokers are seen as a higher risk for life insurance companies. For example, a twenty-year, $500,000 term policy for a 35-year-old male would cost $27.50 a month if he is a non-smoker, but $102.08 a month if he smokes! If you plan to quit smoking or are in the process of quitting, annual renewable term life insurance is better than a traditional term life insurance policy. Another option for smokers is no medical exam life insurance.
President Donald Trump's campaign is still seeking donations from voters, even though Trump himself has all but admitted he lost to Joe Biden. But donors should know that 75% of every contribution is now being routed to Trump's newly-established leadership PAC, Save America, up to $5000. Anything over $5000 goes to Trump's Recount Account. Also, 25% of all donations go to the Republican National Committee. These funds could be used to finance Trump's life--or his legal bills--or his family's legal bills-- after he leaves office. It could even go toward a possible 2024 presidential bid. And according to Business Insider, all of these would be legal. Despite the Trump administration's decision to begin the transfer of power, Trump's personal plans for life after January 20, 2021, remain unclear.
Business Insider contributor Olivia Christensen married young and had her first baby soon after. Since then, she always felt it was hard to save money. But recently, she turned to her grandmother for advice on saving significant amounts of money that could be invested for the future. Her grandmother's advice was simple, but not easy to put into practice: Budget. Establish financial goals. Never stop economizing. First, get real about your budget. Write down everything you expect to spend on, from eyeshadow to printer ink. Then, plan accordingly. Second, have real financial goals. 'Pay off credit cards' isn't a goal. "Resurface the driveway" is. Finally, keep up with prices and never, ever stop clipping coupons!
If you've managed to avoid the economic carnage that is America today, Business Insider reports that now is a great time to save. However, financial experts underscore that it's completely fine to put your savings plan to one side if you've been let go or have lost your business. If you can save, examine your budget closely. Can you cut a bit deeper? Renegotiate phone and TV service rates, and shop around for cheaper insurance. While saving 10% of take-home pay is best in normal times, these are clearly not normal times. Now, shoot for 20%. Build an emergency fund first, then automate. Make extra money through side hustles, and see if your employer has a matching program. Good luck!
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