When budgets are tight, many Americans reduce their expenses by eliminating items they want but don’t necessarily need. Unfortunately, some people make the mistake of placing voluntary insurance in the latter category. That’s because it’s an intangible – something that can’t be held or seen, unlike food, warm clothing or a car that transports them to and from work.
Cash-strapped workers tell themselves they’ll apply for policies later, or worse, save money by canceling coverage already in place. But both of those tactics can be costly: Without the right insurance protection, many families find themselves in financial hot water after an unforeseen accident or illness.
Having the right type and amount of insurance goes a long way toward helping American families remain financially secure. But in an era of tight budgets, how can workers find the extra cash to pay the premiums? Check out these three pain-free ways to make voluntary insurance more affordable.
This article is for informational purposes only and is not intended to be a solicitation. … Read more >