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Do you have a point on your driving record? Have you been fighting to keep your record clean since you got your license? There are many things you can do to keep your driving record free of points. Most states offer some kind of traffic school program which you can only take every so often to rid your record of an infraction or traffic violation. Each state has a different time allowance between every traffic school opportunity. In California, you must wait a minimum of 18 months between each traffic school completion to delete those points off your driving record.

Traffic accidents, misdemeanors and other circumstances also tack unwanted points onto your record as well. Not only is your DMV record affected by these points, but your car insurance company also raises your monthly premiums for every point you acquire. Needless to say, nobody desires a bad driving record. In fact, some insurance companies reward good drivers with an insurance discount called Accident Forgiveness. When this discount co (more...)

Insurers charge a premium and when they receive that premium they use it to build up a fund. That fund then earns interest however the insurer incurs some costs not only on writing the business, selling the policies but also on administering the fund. In addition the fund must be sufficient to pay out claims (deaths).

The life insurance companies use mortality tables which help them estimate when a group of people may be expected to die. Insurers can not tell when any one person will die, but they often they can say with some level of certainty that of 100 people aged x next birthday one person will be expected to die within the next twelve months.

So if all people were the same then insurers could manage the fund and charge premiums to make certain that the fund always had enough money in it to pay the deaths that would be expected to occur that year.

However not everyone is the same. Some are fitter than other. Some have illnesses. Some have had accidents. Some are over weight. So (more...)