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Life Insurance: What Am I Paying For?

Life insurance is a valuable insurance policy – even though it may not always feel like it! Does life insurance feel like a weighty outgoing each month, rather than a good value investment? After all, unlike a house or car, you’re buying peace of mind—rather than something you can physically touch. Premiums can increase over time and seem to fluctuate more than you’d like them to. A life insurance policy is designed to maintain your family’s finances when you are no longer there to do so. From paying funeral expenses, remaining debt, and your child’s college fund, life insurance is a policy that wholly supports your family. What makes life insurance premiums rise? Put simply, as long as you pay regular premiums to a life insurance company, then the policy should guarantee to pay out a sum of money if you die within the term of the policy. In essence, the greater your risk, the ... Read more

Saving On Your Teen’s Auto Insurance Premiums

Teen Driver Auto Insurance If your teen has recently gotten their license, you may be shocked when you see your new auto insurance bill. New drivers are much more expensive to insure since they are considered a higher risk to insurance companies and tend to make more mistakes on the road. To help keep the cost of your auto insurance low, keep these money saving tips in mind. Safe driving course – there are many safe driving courses available that can help your teen become more confident and comfortable on the road. Teens who have taken a safe driving course are more than 30 percent less likely to be involved in an accident. To reward your teen for passing the course, most insurance companies will offer a discount on your policy. Good student discount – if your teen is getting good grades at school, your auto insurance company will take notice. If they ... Read more