Augusta, Maine (PRWEB) August 29, 2013
In the wake of a Forbes article published on August 27th and titled “6 Things Recent Grads Should Spend Money On,” Sunshine Bloggers announced their support of purchasing term life insurance as a recent graduate. The article discussed many different things, including health insurance, paying down debt, and saving for retirement, touching only briefly on insurance and the types of insurance that may be bought.
Samantha Sharf prefaced her list with an acknowledgement of the numerous students that have graduated from college and are in the process of adapting to life outside of school. She started the list with an emergency fund, urging new graduates to devote time and money toward an emergency savings fund, saving enough money to cover anywhere from 3-12 months of expenses. Second, she mentioned paying down debt, encouraging recent graduates to devote significant sums of money toward eliminating debt rather than accruing more, necessitating an average of $500 in payments each month for almost 20 years. The third item on the list is insurance of all kinds, ranging from car insurance to renter’s insurance. It should be noted that term life insurance is not specifically mentioned in any incarnation here, including Maine term life insurance, but is instead grouped under a large heading of “insurance”. Next on Sharf’s list is retirement. She advises beginning to save for retirement as soon as possible upon finishing university studies. Number 5 on Sharf’s list is health; she encourages former students to spend more on nutritious food and cut back in other areas to maintain better overall health. Finally, Sharf advises being conservative when purchasing new and unnecessary items and instead putting money toward experiences such as travel and leisurely activities (concerts, plays, etc) that may not be available later in life.
Though Sharf’s list is certainly not exhaustive, she touches on several valid points. Sunshine Bloggers point out that, though she does mention insurance under a large, somewhat ambiguous heading, she does not specify what types of insurance should be purchased directly, such as term life or even whole life. Sunshine Bloggers, picking up where Sharf left off, urges readers to consider purchasing life insurance of some kind, including the coverage offered by Maine term life insurance, or local insurance companies offering term life options. Though recent graduates may consider life insurance an unnecessary drain on funds, term life insurance’s affordability and coverage render it a wise choice. This is especially true of recent graduates with a spouse or children; term life insurance is intended to replace the income of the insured in the case of an untimely death, protecting the insured’s loved ones from monetary hardship.
Samantha Sharf is a staff writer for Forbes, her expertise ranging from philanthropy to art as it relates to business. “Top” lists are frequently featured in her work, listing best advice, or identifying the most highly regarded people in a certain profession. She has been writing for Forbes since June of 2012.
Sunshine Bloggers encouraged new graduates to consider diverting some money from everyday life and putting it toward life insurance. Though many different types of insurance exist, including Maine term life insurance, and Minnesota whole life insurance, Sunshine Bloggers recommends looking into term life insurance, as it typically boasts rates more realistic for recent graduates and offers greater flexibility for coverage. Though author Samantha Sharf briefly discussed insurance for new grads, she did not offer details. Sunshine Bloggers stepped in to illuminate the subject further.
Sunshine Bloggers is a source for environmental news and advice as it relates to finances and lifestyle.