This question is asked by almost every consumer who buys car insurance and has a vehicle that may be 5 or more years old. At some point, you begin to wonder if the cost of full coverage car insurance is worth it since you may have never had a claim on that car.

In order to license your car, you must prove your financial responsibility by providing proof of liability insurance to your state licensing department. What are you required to carry liability insurance on your car? It’s really quite simple. Liability insurance protects OTHER people when you drive your car.

You may have heard the term ‘deductible’ used by your agent or car insurance company, but maybe you never knew exactly what it meant until you had a claim. A deductible is essentially the amount of money you agree to pay BEFORE your insurance company will pay any portion of a claim.

If you have been procrastinating about purchasing a term life insurance policy, the cost of waiting is going to get more expensive.  Up until 2008, term price wars reduced term insurance premiums by about 30%, according to Donna Kinnaird, president of Swiss Re Life & Health America, Inc.  in an interview in National Underwriter magazine, […]

One question that comes up fairly regularly in filling out a life insurance application is who should my beneficiaries be and what’s the difference between a primary and contingent (or secondary) beneficiary? A beneficiary is a person or entity entitled to receive the death benefits paid under a life insurance policy.  A beneficiary can be […]

Unless Congress gives us a last minute reprieve, the Federal Estate Tax will revert to the rates in effect on January 1, 2001.  This means that any estate greater than $1,000,000 will be taxable at 41%, while estates worth more than $3,000,000 will be taxed at 55%.  Estates greater than $10,000,000 will incur an additional […]

I often speak of health issues when talking about life insurance.  The topic of health is relevant to the subject of insurance, as your health has a direct effect on your risk of mortality and, therefore, on your life insurance premiums. Two of the biggest factors in determining health class are tobacco use and build […]

Prior to 2006, the death benefits from corporate or business-owned life insurance policies were generally tax-free.  After August 17th, 2006, laws were changed to allow for income taxation of death benefits on these policies issued after this date. The legislation affected business of all sizes and types where life insurance policies were purchased by a […]

Purchase Auto Insurance Fast With No Down Payment: There are many factors that insurers use to calculate what will be charged to insure motorists and dependent on a person’s particular situation, the cost of car insurance can be quite expensive. For instance, a driver that resides in a urban area with high volumes of traffic […]