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Level term life insurance, the most common form of term life insurance, is a life insurance policy that gets straight to the point. It s similar to regular term life insurance in that it provides pure life insurance coverage when you need it with none of the frills of whole life insurance, such as forced savings components.

Level term life insurance has a guaranteed level premium, and you aren t required to annually renew the policy. The insurance premium stays the same for a set period of time - the length of time for which the policy is in effect (usually 10, 15, 20, or 30 years). The longer the policy is in effect, the higher the annual premium will be.

For example, if you purchase a level term life insurance policy for 10 years, you ll pay lower premiums than you d pay if you purchase level term life insurance for 30 years. The reason for this is you ll get much older during the course of a 30-year policy than you ll get during the course of a 10-year policy, and life insurance companies (more...)

Even though it is the law in most states and provinces to have a minimum amount of liability insurance, there are many people on the road that cannot afford, or simply do not have insurance. The main reason that motorists choose to drive without insurance, is that they want to save money or cannot afford to pay the premiums.

Liability coverage covers injuries to third parties, which result from accidents for which you are at fault. If you are found to be at fault for an accident, you are liable for all damages that you cause to others. These damages include both bodily injury and property damage, and could end up being several thousands of dollars! Without liability insurance, the injured parties could sue you for pain and suffering, medical expenses and property damage, which could cost you much more. It is a much smarter idea to pay the premiums and get liability coverage.

If you are involved in an accident which you are not at fault, and do not have insurance, the at-fault rules still (more...)