Lemon Law
Do you think your car is a lemon? Lemon laws or Magnuson-Moss Warranty Act are in place to protect consumers from vehicles that are under Warranty and suffer an unacceptable number of repairs or repeated defects that substantially impair the use, safety or value of the vehicle. The bottom line is that if your car is under warranty AND the car has a problem that you have given the manufacturer ample chance to fix AND it is a problem that prevents you from being able to drive the car it qualifies as a Lemon.
If you car is found to be a Lemon you may be entitled to money back, replacement of the vehicle or a cash settlement. Consult an attorney who is well versed in Lemon Law rules in order to insure a fair settlement. Lemon Laws also vary from state to state so it is best to consult a local lawyer. Some states also have Lemon Laws that apply to motorcycles, RVs, boats and even computers.
Life Insurance
Life insurance protects those that depend on your paycheck by providing them with a large lump sum should you die. There are two major types of life insurance. Term life insurance is similar to many other types of insurance in that as long as you pay the premium you are covered for the policy term and you can renew it as needed. Cash value life insurance combines insurance payments with contributions to a long term tax-sheltered savings plan. It may be difficult; however, to use your cash value savings for anything other than insurance payments without great penalty. Examples of this type of life insurance are universal life, whole life and variable life
