4. Rental Car Insurance: Do you own car insurance then why do you need rental car insurance? Your regular automobile insurance already covers your rental cars too so buying a separate insurance is a waste. Even if it provides only minimum coverage, you will undoubtedly use a credit card for your rental car; and in most cases, the credit card company provides rental car insurance without any additional charges.

5. Insurance for whole life: Life insurance is important as a tool not as an investment. Life insurance agents will make a bunch of promises adding up cost on the policy you choose. Agents usually promise of the investment element growing. Along with this promise they will also claim that these investments will eventually grow and make so much money that the policy will pay for itself. It actually sounds good but this not what actually happens. Whole ot term life insurance will actually soak up so much of your cash that you might not be left with enough money to buy all the coverage you really need. Thus, think twice before you plan for buying a whole life insurance.