Tip #3:
Knock 25% off your life insurance premiums, continued

Drop these types of insurance:

• Credit card life insurance. Chances are, your balance on the card at your death will never be as high as the amount of premiums you pay out.
• Mortgage life insurance. If something should happen to you, the cash proceeds of your term policy can be invested and your spouse can make mortgage payments out of those proceeds.

For more detail on cutting life insurance premiums, including a sample letter to cancel unnecessary insurance, read the full article on Dolans.com.

Next: Use insider tips to save big at the grocery store.