The Average Debt Carried By Deceased Americans

Columnist Earl Wilson once said, “Today, there are three kinds of people:  the have’s, the have-not’s, and the have-not paid-for-what-they-have’s.”  Who are you?

There were some shocking statistics recently reported, regarding debt carried by deceased Americans.

The credit bureau Experian’s database consists of 220 million consumers, roughly 90% of the adult population in the U.S.

And 73% of their consumers had outstanding debt of $61,000 at death!


Do You Have Good Life Insurance Coverage

First, I know a few folks who think life insurance is bad because they see it as a lack of trust in God to provide for their families.  I can make a case to the contrary; I think it is good planning to take advantage of this tool to care for your family’s needs.  So if you don’t have any or inadequate coverage, here is my advice.

The purpose of life insurance is to allow your family members to pay the bills and live their lives as planned despite your absence. It is really hard to know how much coverage is needed and to purchase too much or too little. 

Here is what you need to consider for coverage based upon an article at 


Is identity theft insurance a good idea?

Chuck Bentley on 6/21/16 8:00 AM


We hear lots of folks pushing the latest insurance product – identity theft protection insurance. Yes, the Federal Trade Commission reports that identity theft has been the #1 consumer complaint for 14 straight years, so there is reason to believe this may be very helpful coverage to buy. But not so fast.  As they say, the devil is in the details. 

According to an article in the US News and World Report, some policies may not be worth the cost of the insurance.

“The National Association of Insurance Commissioners says the typical cost of identity theft insurance ranges from $25 to $60 per year.  That’s not bad. The insurance may include credit alerts, account and credit monitoring, and reimbursement for the costs associated with repairing your credit history if you become a victim.


Can you afford to let your teenager get their driver’s license?

Ann and I have 4 boys. Three have passed the monumental age of 16 without getting their coveted driver's license.

Yes, my wife and I delayed this process due to concerns for their safety with teen crash rates soaring higher than any other age group. But there is also a financial consideration.

Did you know that the average premium will increase by 80% when you add a teenager to your existing policy?  That’s one of the reasons that our boys don’t get full privileges to drive until they are 18. Popular? No, but it has worked well in our family, teaching our boys lessons of patience, contentment and responsibility.



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