Most people think that the more you pay for insurance, the better you will be protected, and that the service you receive will be better. Unfortunately, the facts don't support this belief. In fact, when it comes to collecting an auto insurance claim, where you live can be a bigger factor than what you pay for your insurance.
As the nation's full retirement age edges closer to 70, it means a 22-year-old college graduate has nearly 50 years to save and invest. That's why solid money habits built early can make an enormous difference, even for young people who can't afford to put away more than a few dollars a week at the start.
Insurance is only worth the money if it truly protects you and your finances. At this time in life, as you approach retirement or semi-retirement, it's wise to re-examine your current policies. That way you'll know that you have what you need -- and you're not wasting precious dollars on what you don't.