Personal Finance News Monday 8/6

Phil's Personal Finance Tip of the Day:

Is Dad's Life Insurance Through Work Enough?
by Jack Hungelmann

Money 101

Published August 06, 2012

Bankrate.com

Dear Insurance Adviser,

What should an almost 55-year-old man do about life insurance if he has none, other than through his employer? (In other words, if he is not employed there -- no insurance.) He has a wife, a teenage child and some concerns about this situation. (Or at least his wife does.) Is he "too old" to begin? And where would we begin to look into this? What kind of costs are we looking at? Let me add, we would primarily look for cost of death/funeral money and perhaps a bit more to supplement.
-Worried Wife

Read more: http://www.foxbusiness.com/personal-finance/2012/08/06/is-dad-life-insurance-through-work-enough/#ixzz22nyheBP1

Scripture of the Day from Dave Ramsey.com:
Hebrews 13:16 — And do not forget to do good and to share with others, for with such sacrifice God is pleased.

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