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Your driving record is one factor that your insurance company uses to determine your insurance rates. Of course, we all want a “clean” driving record so are rates will be very inexpensive. But how can you improve your driving record or what factors contribute to a poor driving record and ultimately cost you money?

Accidents. If you have accidents within a 3-year period or even a 5-year period, then you are going to have to pay more. Why? Obviously because you are costing the insurance company more in repairs. Have you heard of the new accident forgiveness program? You pay 5% or more extra and your insurance company forgives you of the accident and keeps your rates the same. But guess what? Most insurance companies do this anyway. Have 1 accident and if you are lucky and have a good history with them, then its all the same. Have 2 accidents in a 3 year period and you are in big trouble.

Speeding tickets or other traffic tickets. Statistically, if you get a ticket, then (more...)

If you stop and think about all the time, effort and energy you have put into creating your family s assets and your family itself, can you say that you have accumulated enough financial resources that your family would be secure upon your death or the death of your spouse? Or, would it be more likely that you or your spouse s loss would financially devastate your family?

Generally, term life insurance is taken out to protect your loved ones from debts. For example, if you and your spouse own a home, and you were to suddenly die, your spouse could potentially pay off the mortgage instead of worrying how he or she will make the monthly mortgage payments alone. A term life insurance policy could also enable your spouse to pay off any of your existing credit card or other miscellaneous debts as all of those are passed down to your survivors.

Additionally, if you have children or if your spouse does not work, term life insurance can protect your family s finances by providing money for college a (more...)