Most Common Mistakes People Make When Buying Life Insurance

We all want to provide for and take care of our loved ones. Life insurance can give you the peace of mind in knowing that your loved ones won’t struggle financially as a result of your death. Yet, many people find themselves more confused and frustrated than reassured when they try to assess their life insurance needs. We’ve put together a list of mistakes people make with life insurance, so that you can avoid these common missteps.

Reduce the Cost of Insuring Your Teen Driver

While most parents joyfully watch their children mature, they also dread the day that their teens start driving. Teen drivers cause the majority of accidents on roadways, which means that insurance companies charge more to cover them. On average, expect to see between a 79 and 100 percent increase in insurance premiums when you add on a teen. While parents should expect premium increases when adding teens to their policy, there are ways to reduce the cost.