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When your term expires, coverage ends. Some policies offer a conversion option to permanent life insurance, though at higher premiums. You can also apply for a new term policy, but rates will be higher based on your current age.

Whole life insurance is primarily an insurance product, not an investment. The cash value growth rate (typically 1-3.5%) is lower than historical stock market returns. However, it offers guaranteed growth, tax advantages, and forced savings discipline that some people find valuable.

Open enrollment for marketplace plans typically runs from November 1 to January 15. Outside this window, you need a qualifying life event (marriage, birth, job loss) to enroll. Employer plans have their own enrollment periods.

Requirements vary by state. Most states require liability insurance with minimum limits. For example, many states require 25/50/25 — $25,000 bodily injury per person, $50,000 per accident, and $25,000 property damage. Check your state's specific requirements.

It depends on the source. Sudden, accidental water damage (like a burst pipe) is typically covered. Gradual damage from poor maintenance, flooding, and sewer backups are usually not covered without additional endorsements.

Yes. Your landlord's insurance only covers the building, not your belongings. Without renters insurance, you'd pay out of pocket to replace everything if there's a fire, theft, or water damage. At $15-30/month, it's highly affordable protection.

At minimum, most small businesses need general liability insurance. If you have employees, workers' compensation is required. Professional service providers need E&O insurance. Consider a BOP for combined coverage at a lower cost.

Yes, SSDI provides benefits for severe disabilities expected to last at least 12 months. However, the average SSDI payment is only about $1,500/month, approval takes 3-5 months, and over 60% of initial claims are denied. Private disability insurance is much more reliable.