According to Reuters on Friday, September 17th, the Federal Reserve shared data that showed that U.S. household wealth had fallen by a total of 1.5 trillion dollars during the second quarter of 2010.

Universal life insurance might sound like a policy that covers more than just your life, but in reality, universal life insurance is simply a life insurance policy that offers a death benefit as well as the option for cash value accumulation. With universal life insurance, you have a varying premium that you can pay.

One of the most basic and popular types of life insurance policies available is the whole life insurance policy. Whole life insurance policies pay out a death benefit over your entire life, unlike term policies which only pay for a certain period of time. In addition, they accrue cash values.

Health Savings Accounts (HSAs) were introduced in 2003 by President Bush who was, at the time, looking for ways to improve and modernize the healthcare options available. There has been some controversy over the value of HSAs to the average citizen and the most recent statistics suggest that the take-up has been low and is limited to the more wealthy taxpayers. Let’s see how the HSA is designed to work and then discuss whether an HSA might be the right solution to your health insurance problems.