Car insurance is mandatory for all drivers, and while senior citizens may not get behind the wheel as often as they used to, auto insurance for them too is a mandate. Insurance companies offer special discounts, tailored policies, and perks for senior drivers who might not want to use their car often. Mature drivers can compare and choose best priced car insurance plans from insurance companies that offer them. Best car insurance for seniors  These four companies offer the best combination of affordable premiums, senior-specific discounts, and exclusive policies to save money on car insurance. Nationwide ® Nationwide ® car insurance rates are 21% lower than the national average for drivers over 60. For a cheaper premium, the insurance company pays for all liabilities related to bodily injury, personal injury, property damage, uninsured/underinsured motorist protection, treatments, and comprehensive collision coverage. Nationwide ®  also ensures quality customer service, a grievance-free claims handling process, and ranks among the top vendors for customer loyalty. One of the company’s key highlights is the SmartMiles program beneficial for senior drivers with limited mileage after retirement. The yearly car insurance premiums are calculated based on the total number of miles driven with SmartMiles. This policy, available in 40 states, is suitable for seniors who commute less than 12,000 miles per year and can still afford to pay for car insurance after retirement.

Shopping should not stop just because you have limited options to make payments online or at the store. The solution is simple: apply for a universally accepted prepaid Visa® debit card. You can load up this useful payment tool with sufficient balance and use it online or at shopping kiosks across stores accepting Visa® payments. Here are some of the best cards, and the key features to consider before applying for one. Salient features of prepaid Visa® debit cards Prepaid cards are not linked to checking accounts, making them extremely easy to use compared to traditional debit/credit cards. These are essential features that you need to consider before applying for one. No credit check One of the biggest benefits is the no credit check feature. Banks issue these cards with a basic ID verification during the initial application. Since prepaid cards only allow a limited amount of funds for transfer, withdrawal, and payments, banks do not need to perform a complete background credit check. However, the card is valid only when there is money added to the linked number. Limited fees and charges General charges include monthly fees for card services, cash reload fees, and a foreign transaction fee. These numbers will vary depending on the issuing bank on the Visa® network.

A credit card is a convenient financial tool that provides multiple benefits to its users, including cash back rewards. With the help of a cash back credit card, the user can earn high amounts of rewards, which can also help offset the bill. While some cards offer a minimum of 1% cash back on purchases, some provide 5% and above on select categories. Hence, knowing the benefits of such credit cards can be of great value. Rewards to expect A cash back credit card can benefit users in varied forms. It offers the user to get back a certain percentage of the amount paid in terms of goods and services rendered. However, the percentage received on the total amount spent can be redeemed in terms of cash or gift cards. Cash back A specific portion of the amount spent on a product or service gets redeemed straight into the user’s bank account. This percentage of the amount may vary depending on the category of the purchase. Most cash back credit cards offer a flat rate ranging between 1% to 1.5 % on the total net purchases. Some credit institutions also offer double cash back, where a cash back is available on the first purchase, and a subsequent percentage is available after making card payments on time.

A certificate of deposit, commonly referred to as a CD, is a financial product offered by banks and credit unions. When individuals purchase a CD, they agree to leave a certain amount of money on deposit at the financial institution for a certain period. Typically, a CD is referred to as “jumbo” when it requires a higher minimum deposit. Today, many banks and credit unions offer attractive interest rates on one-year jumbo CDs. Credit One Bank Credit One Bank is a technology and data-driven financial services company that has been around since 1984. It has only one physical office in the country but offers CDs and credit cards to online customers. Credit One Bank’s 1-year jumbo CD has an annual percentage yield (APY) rate of 1.85%, which is currently the highest on the market. The minimum deposit amount is $100,000. The financial institution charges 90 days of interest as an “early withdrawal penalty” to customers who withdraw money before maturity. Every CD offered by Credit One Bank is Federal Deposit Insurance Corporation (FDIC) insured up to the maximum amount allowed by law ($250,000.) The bank enables customers to manage their CDs via their website or mobile app and offers a Loyalty Rate increment of 0.05% when customers renew their CDs.

Credit cards are a great help in scenarios where you cannot make the full payment for an item in one go. But, you can rarely use your brand new card immediately after applying for one. With several cards, you have to wait for days before you get it, even after the approval. It is advisable to opt for immediate approval credit cards, which offer you quick processing time and many benefits. 6 immediate approval credit cards to check out American Express Blue Cash Preferred® Card The Blue Cash Preferred® Card from American Express is one of the most rewarding credit cards to use in supermarkets, gas stations, specific streaming services, and transit purchases in the country. You also receive a $300 statement credit after spending $3000 in purchases within the first six months of using the card. There is no annual fee for the first year. After that, you will need to pay $95 each year. As a new member, you can also take advantage of the 0% Intro APR on purchases for 12 months from when the account was opened. SoFi Credit Card Suited for those who need to pay their debt, the SoFi credit card offers up to 3% cash back on all purchases.

While saving for retirement is essential, buying funeral insurance can also help. It covers the costs associated with a funeral, burial, and other end-of-life expenses. However, finding a suitable policy can be overwhelming. It requires understanding a few unique concepts and comparing several terms and conditions. Further, there are different policy types to choose from, which can be confusing. But following the right tips can help you select the best funeral insurance plan. Estimate your final expenses According to the National Funeral Directors Association, the median funeral and burial cost is $9,420. Apart from that, other expenses like pending hospital bills, legal fees, and credit card bills need to be taken care of when a person passes away. These are called “final expenses.” The question is, will your dependents have sufficient funds available for these? It is best to consult a financial advisor if you are unsure of leaving behind enough money. If you have sufficient funds, decide whether you want to save them for the funeral or buy insurance. Most people get insurance as they do not wish to deplete the savings they leave behind for their loved ones. Choose a suitable type of funeral insurance After deciding to get insurance, learn about the types of plans available.

Individuals with disabilities can apply for Social Security Disability Insurance (SSDI). It is a program by the Social Security Administration (SSA) that pays monthly benefits to eligible applicants who cannot work for a year or more because of their condition. Unfortunately, many are unsure if they qualify for disability benefits or do not know how to apply for disability benefits online. Although the process is not complicated, there are a few critical things to know. What are the qualification requirements? To qualify for SSDI benefits, one needs to meet specific requirements set by the SSA. Firstly, the individual should have worked long enough before their disability in jobs covered by Social Security. Working in such jobs helps earn “work credits.” Applicants must have sufficient credits (usually 40) to qualify. One can earn up to four work credits a year. Those who do not have enough credits may file for SSI disability online. SSI, or Supplemental Security Income, is another SSA-backed disability program. The second requirement for qualification is that the individual’s health condition must meet the SSA’s definition of disability. For instance, they should not be able to engage in what the SSA calls “substantial gainful activity (SGA).” Engaging in SGA, in simple terms, refers to working and earning above a certain minimum amount per month.

With the help of an Individual Retirement Arrangement (IRA), you can open a retirement saving account with exclusive tax benefits. While employers offer most retirement benefits, you do have the option to open more accounts if you want to invest more of your money into multiple funds. Aside from the usual options of traditional and Roth IRAs, you can save up with self-directed funds that provide quite a few more investment options.  Self-directed Roth IRA These retirement accounts allow you to invest in non-traditional assets such as real estate, jewelry, commodities, and limited partnerships. To open a self-directed Roth fund, you need a qualified IRA custodian who offers a wide range of investment options. So, if you’re interested in real estate or want an IRA with gold bullions, ensure that your custodian has these offers available. Alto is one of the more popular and easy-to-use self-directed IRA providers.  Alto IRA This popular IRA firm specializes in self-directed IRAs and helps you invest your retirement funds in a wide range of alternative assets. To name a few, you can allocate money to startups, real estate, cryptocurrency, private funds, and even art. The best thing about Alto investments is how easy the entire process is.

Personal loans are usually taken for personal needs or for an emergency. Since it is a significant amount and time, this can be a big financial decision. So, it is vital to ensure you go to the right organization or financial institute and know the processes beforehand. Here are a few things to keep in mind before you make up your mind, sign any contracts, and start paying your monthly installments. Calculate everything Before going to any of the lenders, always make sure that you have run the numbers to get a personal loan and are in the position to pay that money back. Lenders are simply interested in your ability to pay the loan back. So, even though these banks do their due diligence in background checks and calculations, being prepared beforehand goes a long way. Make sure you have understood what amount needs to be put down first and then the monthly installments which you can afford. Some organizations also have a processing fee apart from the interest on the loan, so keep these extra numbers in mind. Check your credit score This is one of the most important factors that determine your ability to get a loan.

The American Association of Retired Persons or AARP, is a non-profit organization committed to bettering the lives of its members at local, state, and national levels. It offers life insurance policies underwritten by New York Life Insurance Company. AARP provides applicants with fast approval of policies without having to undergo a number of health tests. If you are intrigued, here is more about the whole life insurance policies and more available to AARP members. AARP Whole Life Insurance AARP’s Whole Life Insurance is available for member individuals between the ages of 50 to 80 years and their spouses aged 45 to 80. The policy comes with lifetime coverage of up to $50,000, with the annual premium being level throughout the years. One can get increased coverage if they call New York Life instead of applying online. The exact monthly premium varies depending on the age of the applicant and a few other factors. Once the company has labeled the policy as paid-up (typically when the individual reaches 95 years of age), one does not have to pay any further premium. It is beneficial to policyholders as while the initial rates may be higher in totality for AARP whole life insurance, the rates to be paid in entirety remain fixed.