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Why I’m happy to pay $70 a month for term life insurance

Why I’m happy to pay $70 a month for term life insurance

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  • After meeting with a financial planner, my husband and I set out to pay off our credit card debt. We did it in six months, and during that time I started earning more money than ever.
  • Our financial planner recommended that I buy a term life insurance policy since I was only protected for $20,000 on my husband’s employer-provided policy.
  • He recommended $1.4 million in coverage for me, which felt high. But after accounting for our standard of living and future financial goals, I went for it.
  • Now, I feel good about paying $70 a month for that peace of mind.
  • Policygenius can help you compare life insurance policies to find the right coverage for you, at the right price »

“Protect, optimize, grow.”

Tom, our CFP, introduced this financial approach on our first call — a simple, three-step perspective that would guide our work together. The idea is that before you can build wealth, you need to protect your assets (through life and disability insurance) and optimize cash flow (in our case, setting up a separate account for my business and hiring an experienced CPA to help with taxes).

We started by getting out of debt

When my husband, Tim, and I first started working with Tom in 2019, we came up with a plan specific to our financial situation. We decided together that we would work as hard as we could to pay off as much debt as possible, then start protecting and optimizing our money. The approach made sense. Clean up the mess we had made in

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UMB Financial: A Compressed Valuation Should Grind Higher Over The Medium Term (NASDAQ:UMBF)

UMB Financial: A Compressed Valuation Should Grind Higher Over The Medium Term (NASDAQ:UMBF)

Investment Thesis

Headquartered in Kansas City, Missouri, UMB Financial Corporation (UMBF) is the $29.7 billion asset holding company for UMB Bank. Formally known as United Missouri Bank, UMBF is a commercial-oriented Midwestern bank. While its runs a fairly branch-lite model, UMBF has 95 branches located throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.

UMB Financial, along with its sibling bank, Commerce Bancshares (OTC:CBSH), both have a storied century-long history of being run by the Kemper family. With that being said, I have a lot of faith in Mariner Kemper, the current CEO, and his ability to lead the franchise. He has led the bank for more than 15 years and helped grow assets from $8.2 billion to where they are today.

Today, my bullish stance is predicated on a couple of factors. I think the valuation is too low for such a well-run franchise; however, valuation alone does not invoke a great investment thesis. In order for shares to re-accelerate higher, I think there needs to be a definitive line of sight into the net interest margin (NIM) no longer compressing. This alone should help shares work higher in the shorter term. If credit continues to remains stronger than average over the next couple quarters, I think the shares will experience very healthy outperforming trend. In short, the positive NIM outlook should cause a near-term pop in the shares, while solid credit should provide the positive catalyst for long-term outperformance.

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Revenue Outlook

In the second quarter the net interest income came in at $178.2 million, which was actually up a little more than $4 million from first quarter levels. While the NIM did compress in the quarter, overall loan growth (greatly supported by PPP loans) helped drive higher average earning assets to support a higher

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Factbox: What a second Trump term would mean for U.S. financial policy

Factbox: What a second Trump term would mean for U.S. financial policy

WASHINGTON (Reuters) – A victory by U.S. President Donald Trump in the Nov. 3 election would continue his administration’s four-year deregulatory streak, which has delivered at least $40 billion in gains to banks and other financial firms, according to industry estimates.

FILE PHOTO: U.S. President Donald Trump stands on the Truman Balcony after the president underwent a fourth day of treatment for the coronavirus disease (COVID-19) as he returns to the White House in Washington, U.S., October 5, 2020. REUTERS/Erin Scott

Here are some more key financial rule changes that policy experts said they would expect if the Republican incumbent wins a second term in the White House.


Trump’s administration could push ahead with its ambitious overhaul of the housing finance market.

The Federal Housing Finance Agency (FHFA) has begun the fraught process of returning Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee over half the country’s mortgages, to the private markets. It has allowed the pair to bolster their capital bases by retaining more of their profits and is drawing up new capital requirements that should be finished by the end of this year.

In a second term, FHFA Director Mark Calabria would be able to proceed with plans to potentially raise billions of dollars of extra capital from private sources, slimming down the pair’s activities, bolstering their internal controls and reducing their risk exposure.


The Trump administration has been a major proponent of innovation in financial services and has already taken steps to make it easier for technology firms to get into banking. A second term would give Trump officials more leeway to push further into this often controversial territory.

Brian Brooks, acting head of the Office of the Comptroller of the Currency (OCC), has strongly

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