What Is Term Life Insurance?

Term Life insurance is the best choice for the majority of Americans looking to purchase life insurance. When purchasing term life insurance you are purchasing coverage for a set period or term.

Examples of the most common terms are 10yrs, 15yrs, 20yrs, and 30yrs. A good policy will guarantee your rate to remain the same for the term of years that you purchase.

As a general rule of thumb, you should carry 8-10 times your annual income in good term life insurance.

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Education Tax Credits: Hope Credit & Lifetime Learning Credit

One way to save money on your children’s college and graduate education is to utilize the tax credits available specifically for you.

There are two types of education credits available: the Hope Credit and the Lifetime Learning Credit. Both credits can be deducted from your federal income tax, not just from your taxable income.

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