This Element is an excerpt from Living Rich by Spending Smart: How to Get More of What You Really Want by Gregory Karp, available in print and digital formats.
Here's how just a few hours of work can save you hundreds of dollars every year on life and car insurance! Shopping around for life insurance has always been a good idea, but plummeting prices over the past decade have made it imperative for spending smart. If you haven't looked at term life insurance rates recently, you're probably wasting big money. It's like continuing to pay 1998 prices for a DVD player that today costs just $50.