3 things you should do when you get your first job

Congratulations on landing your first job! Now that you're living, it's time to be proactive in taking care of your insurance. A health insurance portfolio protects your most valuable assets in the event of death, disability or illness. Read on to learn three basic ways to protect you and your family.

1. Get a life insurance check-up.

life insurance is an uncomfortable subject. However, with average funeral costs exceeding $ 7000, your family will have to bear the financial burden if you do not plan ahead. In addition, not all debt is discharged when you die, including some private student loans. If you had a cosigner on a loan, you'll want to check this and protect this person from your debt with a life insurance policy. In addition, the earlier you get better, like buying life insurance while you're young, you can lock at affordable rates.

life insurance provided by the employer, which is often a times your salary may not be enough. Many experts suggest buying coverage equal to seven to 10 times your annual income. Find out how much coverage you need, calculate your total debt mortgages, student loans, credit cards and other obligations, add the expected funeral expenses and factor the cost of providing for all dependents . Or you can use life insurance needs calculator online easy.

Keep in mind that life insurance can offer more than just a death benefit. If you enter from a long-term policy to a permanent policy who accumulates the value of money, you can also enjoy the "benefits of life" of life insurance such as:

• premium payments which act in part as a savings vehicle
• the ability to borrow against the value of the money to repay student loans , finance a wedding or buy your first home
• using the value for money to save for retirement

2. Close the income gap with the Disability Insurance.

Reports of the Directors of Social Security that the average 20-year worker faces a one in four chance of becoming disabled sometime before the age of 67. Despite this statistic gives reflect only a third of American workers are long-term disability insurance. Disability insurance is a stable source of income should you become ill or injured and unable to work. If your employer offers coverage, review the policy carefully to make sure it meets your needs. Ideally it should contain:

• coverage for 50% to 70% of your income
• accident and protection of the disease
• Disability Insurance long term
• no annual cap
• benefits for partial and full disability

3. Cover your health.

If your job does not provide health insurance, it is essential that you get a blanket. In fact, it is the law. Even if you are young and healthy, affordable coverage under the new law on health care protects you with maximum out-of-pocket annual and no lifetime limit on benefits. Without health coverage, only one accident or illness could wipe out your savings or you plunge into debt. You have many choices, so shop with private insurers or visit the market Federal Medicare to compare your options.

As a new member of the workforce, you have the power to protect your health, finances and family. A little time spent choosing the right insurance goes a long way towards providing peace of mind and comfort in difficult times.