Insurance Machine

We all know that it is important to have adequate life insurance. Yet, many people don't have it at all. There are many reasons to buy life insurance.

Your debts: In the event of your untimely death you family will have to settle all your debts. This includes the monthly bills, the credit cards, the rent and anything else you owe at the time. Your life insurance policy will take care of this headache and the family can use the money to pay off your old debts.

1. Give your beneficiaries your life insurance policy information. It may be awkward, but it is important.

2. Keep all your financial records in one place. Don't force your beneficiaries to search your house from top to bottom after you die.

Tips for looking for lost life insurance policies:

1. Go through canceled checks or contact your relative's bank for copies of old checks. Look for checks made out to insurance companies.

There is a notion that red cars cost more insurance. This is not true. Color is never a determining factor in calculating car insurance rates. The factors that are important are the year, model, body, type, engine size and the age of the car. Even if you have a cheap car but you have a large engine, or it is an unusual model, it might cost a lot to have it insured as compared to a more expensive small car.

Those who deal with identity theft including law enforcement officers, prosecutors and private-sector fraud investigators, are saying that new technology and new laws are needed to help prevent identity theft crimes in Washington and to prosecute progressively more cunning and covert criminals.

After an completely confusing few weeks on Wall Street – including a string of bank failures and near failures, several doubtful rescue attempts and the biggest one-day drop in the Dow Jones Industrial Average ever – financial advisors and investors are worn out. The $700 billion bailout package, passed by the House of Representatives and signed into law Friday, did not succeed in training around market, but a coordinated global interest rate slash announced Wednesday managed to hold up markets, at least temporarily, with the Dow concluding the day up in the triple digits.