Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Spencer Betts"


4 mentions found


A high-yield savings account has a higher interest rate than a typical bank savings account. A financial planner says they work best for short-term savings goals, like planning for a vacation. Here are three situations where Betts says you should definitely keep your cash in a high-yield savings account. Creating a travel budgetBetts advises his clients to use a high-yield savings account to save up for their travels. Paying down debtExperts recommend only keeping three to six months in a high-yield savings account for emergencies.
Persons: Spencer Betts, Betts, They're
The beneficiary listed on your life insurance policy will get your benefits, not your next of kinWhen choosing your life insurance plan, you can choose one or more beneficiaries. Know the difference between term life and whole life insuranceTerm life insurance typically lasts for 10, 20, or 30 years. It's the most affordable kind of life insurance, although premiums may increase over time depending on your policy. Whole life insurance, on the other hand, is a type of permanent life insurance that covers you for your entire life. Life insurance coverage from your employer ends when you leave your jobMany people are offered life insurance as a part of their employer's benefits package, but, says Betts, it's important to understand that those types of life insurance policies end when you leave your job.
Life insurance is a contract between you and an insurance company, where the insurer promises to pay a beneficiary when you die. A financial planner recommends business owners and private student loan borrowers get life insurance. Here are four types of people who should have life insurance, according to Betts. People with private student loansFederal student loans are discharged after the borrower dies, but borrowers with private student loan debt may face different circumstances. Insider's Featured Life Insurance Companies Lemonade Life InsuranceNationwide Life InsuranceGuardian Life Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
A high-yield savings account has a higher interest rate than a typical bank savings account. For short-term goals, choose a high-yield savings account, says financial planner Spencer Betts, who sits on the Certified Financial Planner Board of Standards. Here are three situations where Betts says you should definitely keep your cash in a high-yield savings account. Creating a travel budgetBetts advises his clients to use a high-yield savings account to save up for their travels. Paying down debtExperts recommend only keeping three to six months in a high-yield savings account for emergencies.
Total: 4