Think about topping up your cheap life insurance to provide for retirement

Most people do their run through the life insurance maze during their late twenties and early thirties. With the policy in place, most tend not to think about it again until there’s an emergency or they approach old age. This is a mistake. The decisions you took thirty or forty years ago are guesses as to current reality. You do your best. The experts also have good justifications for what they tell you. But times change. Even six months before the housing bubble burst in 2008, no one was predicting the recession. So this is not anything you should feel bad about. But to protect yourself you should revisit the life insurance decisions every five years. That way, you can see how well or badly you are placed and, more importantly, decide whether it’s necessary to buy additional cover. As this is written, the stock markets are at new highs in dollar amounts and the economy shows signs it may be picking up. Unemployment also seems to be dropping. Yet this recovery has come at a price.

People have been paying down their debts. Although this is good in theory many have done so by selling off their investments and using their savings. In the long term, carrying less debt is good for the household budget but, in the most recent studies, nearly 60% of households reported they held less than $25,000 in savings and investments. In 2008, only 50% reported such low capital holdings. In real terms, this means a vast number of families will not have enough money saved when it comes to retirement. This somewhat alarming fact comes as life expectancy rates are also rising. This is not only going to affect individuals. Where companies have retirement plans for their employees, the additional cost as people live longer will add billions to their obligations. The same applies to public service pension plans where high benefits were agreed when economic times were good.

If people do not have savings, any emergency is going to place a disproportionate strain on family budgets. The only asset they have is an insurance policy. If this is a cheap life insurance policy taken out years ago, it’s unlikely to have any significant cash value and no option to convert to an annuity to provide additional income during retirement. A further factor to take into account is the number of employers who are now backing away from pension commitments for new and some current employees. Despite the highs in the stock exchanges, the investment of pension funds has been producing very low returns. Most employers are facing big deficits in their pension obligations. This means you should be reviewing your cheap life insurance policies to see how adding new cover can help provide a better level of protection for you during retirement. Remember most people are now looking at about twenty years of life after retirement. That’s a long time to keep paying the bills.

The Benefits of a Van or Minivan for Obtaining Car Insurance Quotes

Auto insurance rates vary between companies, drivers, and vehicles; and finding the right rate can be dependent upon your age, driving record, and the make and model of your vehicle. Those who operate vans and minivans can potentially find significant savings on their car insurance rates because of their vehicle. You can obtain car insurance quotes easily online and compare rates with different companies using different vehicles.

Vans have been around a long time, since the early 1960s, although minivans didn’t come into the American market until 1983. Car insurance companies have had decades to see just how valuable and economical these types of vehicles are. Whether you’re using your van or minivan as a cargo vehicle or as a passenger vehicle you’ll see just how economical they are when it comes to car insurance by comparing car insurance quotes.

Although when looking at car insurance quotes you may find that the larger vans, like the first introduced, the Ford Eonoline in 1961, may have a higher rate as these vehicles tend to put on more mileage since they are most commonly used for deliveries. On the other hand, a smaller cargo van can save you money on insurance and usage costs as well.

Today, it’s the Ford E-Series and the Chevrolet Express that are perfect for individuals in the transportation business than the everyday commute. And the Sprinter by Dodge, the Express and Savana by Chevy and GMC have taken over the market for the large vans. These vans are available with up to four rows of seating or 270 cu. ft. of cargo space or more, which can be useful for schools, businesses, and individuals with very large families.

Minivans like the Dodge Caravan and Plymouth Voyager were first introduced in 1984, marking the unofficial start of the minivan craze. It didn’t take long for Chevrolet, Ford, and GMC to follow the Astro, Aerostar, and Safari minivans at the tail end of the 1980s, and the American auto industry weren’t the only ones taking advantage of the minivan craze. Japanese automakers Toyota and Mazda also released the Previa and the MPV.

Although most minivans were introduced equipped with a four cylinder engine, today they are commonly equipped with a six cylinder motor. Althoght thius may seem counterintuitive, vehicles equipped with a six cylinder motor often attract car insurance quotes that are no greater than the four cylinder models, but often less than the large vans.

Popular minivans today include the Honda Odyssey, Nissan Quest, the Kia Sedona, and the Dodge Caravan, which remains on the market after all these years. There is more flexibility with these vehicles, allowing for parents to easily transport their young ones since they’re equipped with sliding side doors, many comfortable seats and plenty of open space: plus, they’re relatively easy to maneuver.

Vans and minivans are still very popular and should be a considered purchase, but before you make your purchase, evaluate car insurance quotes for several models. Often the more luxurious the model the higher the car insurance rate may be.

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