Think about it this way. It is a known fact that young drivers frequently are required to pay more for auto insurance coverage. Further, some states require that the young driver either be added onto an adult driver’s existing policy, thus driving up that rate. Even if a young driver is allowed to purchase a separate policy, a parent or guardian still may have to sign onto the policy with him.

This can have an adverse effect on everyone in the family who drives-including senior citizens as well as drivers who do not fit the definition of either a young driver or a senior citizen. Generation insurance can allow for those differences to be applied to each policyholder.

Another problem that young drivers often face is the fact that they want to carry more than just the “barely legal” coverage that is required. However, they simply cannot afford the higher rates that are sometimes charged to policies that offer more coverage. This is another area in which generation insurance could have a positive effect, as young drivers would be considered for reasons other than their age.

Generation insurance takes many more things than just rates or driver’s history in account. For example, many young drivers do not often drive new cars; however, except for very slight adjustments in the rates to reflect the car’s age, the auto insurance may still be high. While the car drives well, it might not be in a condition to where it is felt that full coverage is feasible. Some insurance companies may not want to take this into consideration, though.

Senior citizens may face the same dilemma. Their car is older, and has been paid for. For the same reason as the young driver, they want to drop full coverage and go to liability only. Generation insurance allows for all these and other situations to be taken in mind.

Generation insurance is actually designed to address the insurance needs of yesterday’s and today’s generation, as well as future ones to come. This is a good mindset to have.

With Life Insurance you can:

1. Retain the ability to pay the mortgage.
2. Maintain your current standard of living.
3. Pay off debts, estate taxes, and final expenses.
4. Create a secure fund for college.
5. Protect your family’s vision for the future.

Don’t let another day pass without protecting your family.  Contact a qualified agent today to find out how you can get life insurance coverage for as little as $.43/day.  Click here to contact an agent today.

Generation Insurance

• The Role of Parents – while many parents recognize their role as teaching their teens to drive, it is critical that parents extend beyond teacher to that of monitor and enforcer of consequences.




• Risky Distractions – Almost all teen drivers report that they driver with other teens in the car at least sometimes, and admit to them being distracting.  Frequently observed distractions involving teen drivers or passengers included cell phones, loud music, and heightened emotions.
• Risky Driving Behaviors – Research tells us that half of teens report seeing drunk driving by teen drivers at least sometimes, but three fourths of respondents report seeing fatigued driving by teens.  Half of teen driver respondents report driving 10 miles per hour over the speed limit at least sometimes.

So, here are some quick ways teens can be safer on the road:

• Always wear seat belts
• Minimize distractions for the driver
• Limit the number of teen passengers
• Refrain from cell phone use while driving

CRASH FACTS:

Fifty-five percent of all crashes in which the driver fell asleep involved drivers 25 and younger in a NC state study.

Teens are actually less likely than adults to get behind the wheel after drinking, but when they do, their risk of crashing is far greater, even with low or moderate blood-alcohol levels.

To find out more about how teens can be safer on the road contact William Kohl Insurance Agency Inc.

*This article was based off of a research study performed by The Children’s Hospital of Philadelphia and State Farm Insurance.

For example, senior citizens often do not need the same auto insurance coverage as younger drivers. Their vehicles may be completely paid for, and also old enough that they feel that liability-only insurance is all that is necessary. Others may have found it necessary to have their vehicles fitted to accommodate wheelchairs, personal scooters, or other health aid devices.

Any of these can affect insurance rates. For this reason, many insurance companies now offer generation insurance that is based on one’s age.

It needs to be said here that there is no “legal” age at which one is considered a senior citizen. Some states may set the age at which one becomes eligible for senior citizen benefits at as young as 55, while another state may use the Social Security Administration’s “rule of thumb” and say that a person becomes a senior citizen at age 65, the same age as when one becomes eligible to draw Social Security benefits.

For this reason, different insurance companies may also have different ages at which they consider policyholders as senior citizens. And, in some cases, policyholders who are only in their 50s may be eligible for reduced rates.

Generation insurance is designed to save everyone money—and this includes senior citizens as well as young people, especially in the area of auto insurance. Consumers who believe they may meet the requirements to be eligible for generation insurance may want to inquire as to whether or not their current insurance companies offer such policies.

If a present insurance company does not, and the savings that can be had make it feasible from a financial standpoint, then a consumer may wish to consider changing insurance companies. As long as the coverage is adequate for a person’s needs, there is no reason not to go with a company that offers such discounts.

No one, however, should skimp on coverage just to receive a better rate. Having enough insurance is too important. The so-called savings one may think are being seen could easily disappear should an accident occur that is not completely covered by an auto insurance policy.

Senior Drivers Have Different Needs

Generation insurance may be a fairly new term to some people, and some may believe it is referring to life insurance or similar policies that can be passed down from one generation to another. Actually, generation insurance refers to the different policies, prices, coverage, and other things related to insurance and the way it affects people of different ages.

For example, senior citizens often do not need the same auto insurance coverage as younger drivers. Their vehicles may be completely paid for, and also old enough that they feel that liability-only insurance is all that is necessary. Others may have found it necessary to have their vehicles fitted to accommodate wheelchairs, personal scooters, or other health aid devices.

Any of these can affect insurance rates. For this reason, many insurance companies now offer generation insurance that is based on one’s age.

It needs to be said here that there is no “legal” age at which one is considered a senior citizen. Some states may set the age at which one becomes eligible for senior citizen benefits at as young as 55, while another state may use the Social Security Administration’s “rule of thumb” and say that a person becomes a senior citizen at age 65, the same age as when one becomes eligible to draw Social Security benefits.

For this reason, different insurance companies may also have different ages at which they consider policyholders as senior citizens. And, in some cases, policyholders who are only in their 50s may be eligible for reduced rates.

Generation insurance is designed to save everyone money—and this includes senior citizens as well as young people, especially in the area of auto insurance. Consumers who believe they may meet the requirements to be eligible for generation insurance may want to inquire as to whether or not their current insurance companies offer such policies.

If a present insurance company does not, and the savings that can be had make it feasible from a financial standpoint, then a consumer may wish to consider changing insurance companies. As long as the coverage is adequate for a person’s needs, there is no reason not to go with a company that offers such discounts.

No one, however, should skimp on coverage just to receive a better rate. Having enough insurance is too important. The so-called savings one may think are being seen could easily disappear should an accident occur that is not completely covered by an auto insurance policy.