Keep in mind that there are hundreds of charities that allow you to donate such items. You will want to keep in mind that some of these charities will want to keep the items, but many will sell the items on your behalf. You’ll find that not only are you able to get rid of some of the stuff you no longer need, but you’ll also be able to see some gains in tax deductions.
Something that a lot of people do not realize is that donating a car can be very easy. You’ll find that the charity should do everything for you. You’ll be able to get rid of cars that work or don’t work. You’ll find that if the car is broken, then the charity will have it arranged so that the car is towed and then it is sold for parts or scrap metal. You will need to fill out the appropriate tax forms in order to get the tax deduction. Make sure that you mention this when making all the arrangements with the charity
Although it makes sense to get in touch with a life insurance company to cover your dependents in the eventuality of your untimely death, there are integrity issues surrounding the insurance companies and agents. Broadly there can be 3 ways your life insurance company is scamming you. We have enlisted them for your benefit.
Selling Coverage that you don’t need!
The insurance companies thrive on the fact that most people don’t understand their life insurance needs. With standard products, they try to sell you coverage that you might not need, but, which are lucrative for them. The insurance agents expedite the process so that you skip the fine print and sign up for a coverage that is ill-suited to your needs. The trick is to play on your fear factor and sell you heavy insurance, even if you don’t have dependents.
Coaxing you to pay ‘Cash’
We strongly suggest, do not pay your premium through cash to an agent. Further, do ensure that you get a receipt for the payment. There are numerous fraudulent entities posing as genuine insurance agencies that extract hard cash from you in lieu of insurance premium. They ask you to sign at blank spaces in a form, assuring you that it is just a formality. Once you have fallen for their trick, you are left without an insurance coverage. The worst part is that most victims only come to know of this scam, when they have met with some mishap and there is not insurance to cover them.
Luring you with benefits!
Insurance agencies and agents have a way of promising you unbelievable benefits out a life insurance policy. Life insurance agents might offer you plans, with a guarantee that the policy would run premium-free for a specific period. Some agents play it smart and offer you great discounts for signing you up for a new policy, while replacing an old policy. The trick is that the old coverage gets terminated and new coverage does not get initiated due to the cumbersome procedural bottlenecks. Thus, exposing you to risk without cover.
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