Guaranteed Level Term Life
As its name implies, a guaranteed level term life insurance plan provides its owner with premiums that will stay the same for the duration of the term. For example if you're paying 75 dollars a month for the 30-year plan today, you'll still be paying 75 dollars a month for it 29 years from now.
With inflation, you can naturally expect this 50 dollars to be worth a lot less in the future (particularly the distant future). For this reason, premiums may seem slightly expensive at first--especially if you buy a term life insurance plan for a very long term, such as 30 years. However, guaranteed level plans are still in high demand. Many buyers, brokers, and agents consider level plans more desirable than ART (annually renewable term) insurance plans.
Make sure your level term life insurance plan is guaranteed before purchasing it. Unless an insurer guarantees that its plan is level, the insurer is legally allowed to raise premiums over time.
Life
Health Savings Accounts
You can use this account to pay for your qualified health expenses, including expenses that the plan ordinarily doesn’t cover, such as eyeglasses and hearing aids.
Expenses paid out of the HSA that are eligible expenses under your high-deductible health plan will count toward the plan’s deductible.
