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Term Life Insurance provides a specified amount of money to your dependents if you die, to cover costs like a mortgage and education. The term is determined when you sign up for insurance. Term Life Insurance is cheaper to purchase than whole life insurance because a payment is only made if you die before the end of the term. The proceeds from term insurance cover are paid to your beneficiaries without the deduction of any federal taxes. You usually pay a fixed premium for the entire duration of the term. However, since there is no investment component with this type of life insurance, you do not build equity.

People who are younger and in better health, particularly non-smokers and people in the normal weight range for their height and gender, typically get lower premium quotes. And because the incremental cost of getting all the coverage you may need is very small, it is better to focus on getting this coverage instead of signing up for riders such as accidental death or premium waiver riders, which just add to the cost of your premium. Another way to save money is to pay your entire premium on an annual basis, rather than monthly. Many insurers charge more for monthly payments.

You may not need life insurance if you don’t have any dependents. However, if you do, you can opt for the term that works for you. This is the time period in which you expect that you will no longer have any dependents, either because your children have grown up and become financially independent, or because you will retire at 65 and start receiving retirement benefits then.

Always get several quotes from insurers, and negotiate if you think the premium being quoted is unreasonably high. It’s a good idea to independently verify that your insurer has a high rating.

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Are you already getting discount car insurance or are you looking for it? Check out this list of typical discounts for car insurance that can save you money, and make sure you’re getting what you deserve.

Of course the best way to make sure you’re getting low cost car insurance is to get comparison quotes. This is because car insurance rates can vary quite a bit from one company to the next. Then, you want to make sure you’re taking advantage of all available discounts. In fact, that’s one way to compare and find the best deal is to look at the coverages you’re getting, the rate and the discounts.

Typical car insurance discounts are:

Multi-policy — Discount for having another insurance policy with the same company. This is common when you have your home owner insurance and car insurance together.

Multi-vehicle — Discount for insuring more than one vehicle.

Defensive Driving — Discount for taking a defensive driving course.

Driver Training — Discount for taking a driver training course, particularly for young drivers.

Anti-theft — Discount for having certain types of anti-theft devices on your car.

Anti-lock Brakes — Discount for having an Anti-lock Brake System in your vehicle.

Accident-free — Discount for not having an accident for several years. We’re starting to see this discount promoted more by car insurance companies.

Good Student — Discount for teen drivers and young drivers for getting good school grades.

Low Mileage — Discount for driving a lower number of miles than average.

Age — Discount for drivers over age 50-55.

Keep in mind that some of these discounts may not be available where you live. Be sure to check with your current auto insurance company to make sure you are getting all of the discounts you can. If you’re shopping for a car insurance quote, ask each agent or company that provides a quote about the discounts available.

Scott Lunt is a freelance writer who writes frequently about

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