Friday, December 2, 2016


Have you ever wondered how to cut down what you pay as premium to insurers every year? Or maybe you have the thought of paying less premium without cancelling your policies? Do you want me to show you ways to beat your insurers to their game and get more for less? Accountants talk about minimizing costs and maximizing profits, do you know that you can actually lower your insurance cost by over 50% and in turn raise you benefit to 50%+ too?  Do you want to apply this to your insurance cover? 

Sunday, November 20, 2016

Obamacare supporters admit insurance premium will rise

Obamacare, Obamacare raise premiums, insurance premiums,obama
The federal health law that will take effect next year is expected to raise insurance premiums, especially for people who purchase their own insurance, expert said.

The law will mandate that plans increase their minimum benefits, and it will ban insurers from weeding out people already diagnosed with illnesses.

Saturday, November 19, 2016

Small Businesses would rather pay Penalty than offer Health Insurance

The Wall Street Journal reports that a number of companies would rather pay government's penalty to break the law and it will be cheaper for them than following it.

Under the Obamacare provision that goes into effect next year, employers with 50 or more full-time workers will be required to provide coverage for employees who work an average of 30 or more hours a week in a given month. An alternative to that mandate is for business owners to pay a $2,000 penalty for each full-time worker over a 30-employee threshold.

Friday, November 18, 2016


One burning issue in the mind of an average person in this part of the world when it comes to insurance products purchase is: “Will the insurance company pay me when I have a claim?” This question is as old as insurance itself. I recall instances when I have to talk with people about insurance and the need to insure, the response I get from some of them is the same as above. Many have tagged insurance companies as fraudsters! This blog is written to correct this notion and hopefully clear all doubts.

Tuesday, November 15, 2016

Obamacare Deadline March 31st; Important Points to Remember

March 31 is just around the corner and it is the deadline of Affordable Care Act open enrollment. If you missed the deadline and have not purchased health care coverage you may be penalized (tax penalty) on your 2014 taxes filed in 2015. You will also have to wait for the next open enrollment period.

If you have already insurance from your work, Medicaid, Medicare, or others you will not be penalized as long as it have the minimum standards under the Affordable Care Act.

Sunday, November 13, 2016

Important Points to remember when Getting Travel Insurance

Malaysia Airlines Flight MH370, Malaysia Airlines, Travel Insurance
With the recent unfortunate mysterious disappearance of Malaysia Airlines Flight MH370 a lot of travelers are thinking that you can never say that you are 100% safe. The Malaysian passenger plane which has 239 people on board vanished in the skies over Southeast Asia Saturday March 8, 2014.

The Malaysia jet is a Boeing 777-200 model which have an excellent safety record.

Friday, November 11, 2016

Is Insurance an Expense of an Income?

When you hear insurance, what exactly cross your mind? Do you think expense? But do you know that insurance can an income to you? Shocked to hear that? Don't be, an insurance policy that you take can help protect your asset from loss believe it or not. Let's look at this scenario, you bought a car for a Fifteen thousand dollars ($15,000.00) and insured it with an embarrassing amount of Seven Hundred and Fifty dollars ($750.00)!

Thursday, November 10, 2016

Self Insure or Pay for Insurance

Is it wise to self insure for long-term care or just buy insurance? Manisha Thakor founder and chief executive of Santa Fe, N.M. based MoneyZen Wealth Management LLC said on her article on Wall Street Journal, that Long-term-care insurance is a new product and it don't have the history of dealing with claims payment like home and auto insurance.

Sunday, November 6, 2016

Taxpayers To Pay $90 billion in the 1st Year Under Hillary Clinton's proposal

Obamacare, Hillary Clinton healthcare, Trumpcare
If Hillary Clinton is to win the presidency and if her proposal to provide families a tax credit to help them pay for premiums, deductibles and coinsurance analyst said the taxpayers have to shell out an additional $90 billion in the first year.

Saturday, November 5, 2016

Long-Term Care Insurance Are Too Expensive

Long-Term Care Insurance, insurance

If you check out the prices of today's long term care insurance, I'm sure you'll ask who can afford them? They are just too expensive for the regular working class like us.

Long-term care insurance policies pay back policyholders a daily amount for services to assist them with activities of daily living such as bathing, dressing, transferring (to bed, chair, etc), housework, shopping for groceries or eating. Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility.

Monday, October 31, 2016

2016 Car Insurance Rates Rankings by State

2016 Car Insurance Rates Rankings by State, vehicle insurance, car insurance
The state with the most expensive car insurance premiums in 2016 goes to Michigan, they bag the top spot for third year in a row in the’s 2016 state-by-state comparison of auto insurance premiums. Michigan average car insurance premiums is at $2738.
The 2nd spot goes to Montana at $2297, while New Jersey is in third with $1905.

Friday, October 28, 2016

Donald Trump Health Care Reform Plan ( TrumpCare )

Donald Trump Health Care Reform Plan, Trumpcare, care
Donald Trump has repeatedly promised that he will not let people die on the streets. Today he has released his Trumpcare health care reform plan. His aim is to broaden the access of health care to the people. He is also for abolishing the individual mandate, which under Obamacare requires all Americans to have health insurance.

Donald Trump laid out his plan to reform the U.S. health care system after repeatedly pledging to repeal and replace Obamacare with something much better.

Wednesday, October 26, 2016

World's Largest Economies by 2020

World's Largest Economies, economy, finance, business

Check out how the world's largest and fastest growing economies change over time from 2008 up to 2020. China is growing by leaps and bounds while the front runner the United States are steadily growing. By 2020 US GDP is estimated to grow to $22.5 trillion while China is estimated to grow to $16.2 trillion. At 3rd will be Japan at $4.9 trillion, 4th is Germany at $4.1.

Tuesday, October 25, 2016

Most Americans Don't Budget According to a Survey

financial planning, budget, finances, money management, debt

The National Foundation for Credit Counseling (NFCC) recently published a survey about the Consumer Financial Literacy. The 2014 Financial Literacy Survey that was conducted by Harris Poll online last March, gives us an idea of American consumer's degree financial literacy. It also identifies their behavior and attitude towards trends that is linked to personal finance.

More than 2,000 American adults ages 18 and above took part of this survey, that was sponsored by Experian Consumer Services.

Check out the Key Findings from the NFCC 2014 Consumer Financial Literacy Survey:

Budgeting and Debt:
  •  61% of the respondents admitted that they don't have a budget, the highest percentage in six years.
  • 1/3 or 34% of US adults indicated that their household carries credit card debt from month-to-month. It was also reported that about 15% or more than 35 million US adults admitted that they roll-over $2,500 or more monthly.
  • The proportion of adults who are spending less when compared to last year continues to go down. As you can see on the infographic in 2009 it as at its highest at 57%, it declines annually, it stand at its lowest at 29% in 2014.
Savings vs. Spending:
  • 16% of Adults in the US, worries about having not enough "rainy day" savings.   
  • 16% of Americans also worries about retiring without having enough money set aside.
  •  32% of Americans still don not save any portion of their yearly income for retirenment.

Credit Reports and Scores:
  • 65% of US adults have failed to review their credit reports within the past 12 months.
  • 60% of US adults have not reviewed their credit score.
  • 21% or about 1 in 5 US adults are not at all sure about what types of information are included on a standard credit report.
Survey Confirms the need for Financial Education:
  • 41% of US adults gave themselves a grade of C, D or F in grading their knowledge of personal finance.
  • 21% of them said that if money could talk, they think their money would say "I'm smaller than most of my friends."
  • 73% or 3/4 of US adults agree that they could benefit from financial advice from a professional.
April is the Financial Literacy Month and it is a good reminder for Americans to check their credit report and credit scores since credit knowledge is a very critical part when it comes to understanding personal finance.

Monday, October 24, 2016

Flood Insurance Policy: Tool to Estimate Flood Damages to your Home

Estimate Flood Damages, flood, flooded home, flood, water damage

With the recent extreme weather condition that battered the country a lot of homeowners have to deal with flooding. Officials from the Federal Emergency Management Agency have repeated over and over, pitching flood insurance to homeowners.

If your house got flooded, usually there is a 30-day waiting period on most flood insurance policies, so you should really have one in place already. If you’re right on the water and you don’t have a mortgage, you should probably get flood insurance to cover yourself.

Saturday, October 22, 2016

Aetna Backs out on Obamacare Health Insurance Plans in 2017

Aetna Obamacare, Obamacare fail, Obamacare costing billions
Like a sinking ship, health insurer are jumping out of the Obamacare titanic. Aetna Inc, 3rd biggest health insurer in the U.S., announced Monday that because of continuous financial losses on Obamacare plans, they will limit their market on individual insurance on the government-run online marketplaces in only (4) four states next year, instead of their current 15 states. This is the latest blow to Obamacare. The will stop offering policies on the exchanges in 11 states. They will keep selling Obamacare products in Delaware, Iowa, Nebraska and Virginia.

California Legislature approves $15 minimum wage increase, will be highest in the US

California wage raise increase, $15 minimum wage
California lawmakers approved a sweeping plan on Thursday raising the minimum wage to $15 an hour over the next six years. This will be the nation’s highest statewide minimum wage and it will take effect by 2022.

Thursday, October 20, 2016

What To Do With Your Tax Refund?

You get tax refund when you overpaid the government it's not a bonus money since you earned it through hard work. After filing your taxes you'll find how much refund you're gonna get. 

Wednesday, October 19, 2016

Ride-hailing Insurance For Uber, Lyft and other Transportation Network Company (TNC) drivers

uber, TNC, grab, lyft, taxi
If you are an Uber, Lyft and other Transportation Network Company (TNC) driver you'll need more than your personal auto insurance because there are gaps in the coverage.

Saturday, October 15, 2016

How To Choose A Life Insurance Plan In Nigeria

Life Insurance is all about protecting your future and that of your family/dependants. Life Insurance nowadays is more fashionable because there are many products that involve benefits being payable even before death. There are products for family, kid’s education, capital accumulation, thrift savings plan and so on.

Thursday, October 13, 2016

UnitedHealth May Ditch Obamacare

UnitedHealth May Ditch Obamacare, ACA, Healthcare law
Despite of UnitedHealth Group Inc. efforts to cut down on sign-ups their 2016 Affordable Care Act exchanges enrollment has surge and this caused the company significant losses.

UnitedHealth, which is the biggest U.S. health insurer said, they are expecting losses of more than $500 million on its 2016 Obamacare plans, compared with previous projections that amounted to $400 million to $425 million in losses.

Toyota Recalls 3.37 million Vehicles for Defects

Toyota Prius Recall, Toyota recall, Toyota defects, car defects
Toyota announced on Wednesday that they will be recalling 3.37 million vehicles worldwide to fix defects, this is the latest troubles for a Japanese auto industry hit by fuel-efficiency scandals and an exploding airbag crisis.

Wednesday, October 12, 2016

Smartphone Insurance 101

Smartphone Insurance, insurance, cellphone protection
Smartphone are expensive and easy to lose, break or stolen, this is why smartphone or cellphone insurance is in demand nowadays. Smartphone insurance covers lost, stolen or damaged phones. 

Insurance Companies Join the Fight Against Opioid Epidemic

Opioid addiction, health insurance, insurance companies
Health insurance companies are now joining the fight against Opioid addiction. Cigna, a health insurance firm that insures about 14 million Americans, is the newest major health insurance provider to fight the staggering opioid addiction numbers and deaths. 

Tuesday, October 11, 2016

Homeowners Needs to Take Another Look At their Insurance Coverage As Hurricane Season Starts

Homeowners, insurance, homeowner insurance, coverage
Homeowners needs to reexamine their insurance coverage annually, specially those who live in places that are heavily affected by tropical storms. 

Sunday, October 9, 2016

Millennials Prefer to Rent but Pass on Renters Insurance

Renters Insurance, insurance, finance, money, personal finance
According to a survey published on insuranceQuotes, Millennials prefer to rent homes, and most of them don't like to get renters insurance. Even though that coverage is not expensive, and having non could cause a huge financial hardship.

Hillary Clinton's Plan Against Ballooning Student Debt with $16 a month

 student loan, personal finance, debt, student debt, Hillary clinton, Killary clinton
studet loan

Hillary Clinton's "debt-free college plan" include the imposition of a 3 months moratorium on federal student loan payments through executive action.

"With dedicated assistance from the Department of Education during this moratorium, borrowers will be able to consolidate their loans, sign up quickly and easily for income-based repayment plans, and take direct advantage of opportunities to reduce monthly interest payments and fees," she said.

Implied though not plainly expressed in those "opportunities" are other elements of her college plan, that will cover the ability for borrowers to refinance their student loans at current rates and interest-free loan deferrals for aspiring entrepreneurs. Borrowers who are behind on debt would also get help during the hiatus to rehabilitate their loans.

Financial planner Evelyn Zohlen president of Inspired Financial in Huntington Beach, California said that the 3-month moratorium has a better possibility of coming into fruition than the "tuition-free education at in-state public colleges for families earning as much as $125,000 or less" because it does not need the cooperation of Congress or a major funding initiative.

"It's allowing people to take advantage of programs already in place. The only people quote, unquote hurt are lenders, who may not see as much profit if people refinance to lower rates."

People who are unable to pay their student loan are growing more than 33% of the borrowers have been late on a payment at least once in the past year, and 25% were late more than once based on the report of the Financial Industry Regulatory Authority Investor Education Foundation's 2015 Financial Capability in the United States.

Even though they are struggling to pay, a lot of millennials don't care about their loan management options. Based on a survey released by Citizens Bank, millennials do not have an idea on what they owe on their student loans, the interest rate they are paying, when will they be able pay it or whether college was worth it. On average, graduates owed about $41,000 in student loans.  A shocking 60% millennials of the surveyed said they have no idea when their loans will be paid off and more than a third don't even know the interest rate they are paying, the report said.

Mark Kantrowitz, vice president of strategy for said that "You don't need Clinton's 3 months moratorium to switch repayment plans into income-based repayment. It takes just a few minutes."

Troubled borrowers may be entitled for one or more of the 7 alternative repayment options:

1. Standard Repayment Plan - it requires that you make fixed monthly payments of at least $50 for up to 10 years.
2. Graduated Repayment Plan - Your payments start low, and increase every two years. It will still be paid off within 10 years.
3. Extended Repayment Plan - repayment window for this plan is up to 25 years. You have the option of setting fixed monthly payments, like with the Standard Plan, or increasing them over time.
4. Income-Based Repayment (IBR) - Monthly payments are capped at 15% of your discretionary income, and readjusted each year based on your income and family size for up to 25 years.
5. Pay As You Earn Repayment (PAYE) -      Monthly payments are capped at 10% of your discretionary income, and readjusted each year based on your income and family size.
6. Income-Contingent Repayment Plan - Payments, made for up to 25 years, are based on your adjusted gross income, family size and the amount of your loans. Your payments change as your income changes.
7. Income-Sensitive Repayment Plan - Your monthly payments are based on your annual income.
Each of the plan has pros and cons. Just remember a longer repayment term not only lengthens your payment commitment, it also means you'll pay more overall. If you refinance your federal student loans into a new, private loan. I will come at the price of losing federal protections to postpone payments in times of financial hardship.

Also if you cut your loan rate it may not lessen your monthly payment that much. In Clinton's proposal, for instance, estimates that borrowers refinancing into new loans at current rates would save the typical borrower $2,000 over the life of their loan.

"Divided by 120 payments, and that's $16 a month," Kantrowitz said. So She's proposing puny "A free pizza a month."

student loan, personal finance, debt, student debt,

Car Insurance Rates Shoot Up Because of Pokemon Go Popularity

Pokemon, car insurance, Pokemon accident
Pokémon Go is a free-mium location-based mobile game developed by Niantic for iOS and Android devices, it contains some but not all aspects of an augmented reality game. It uses the  GPS and the camera of compatible devices. Players can capture, battle, and train virtual creatures, called Pokémon, who appear on device screens as though in the real world and that's where the problem lies this can harm the player specially if they are on the road or driving.

Top 20 Insurance Brokers in the U.S.

insurance Brokers US, US insurance brokers, top insurance brokers in the US
The Business Insurance magazine have listed the top 100 brokers in the country they are ranked based on the 2015 brokerage revenue generated by U.S.-based clients.

Disability Insurance What You Need to Know

Disability Insurance
Disability Insurance or sometimes called DI, disability income insurance, or Disability Income protects the insurers earned income against the risk of disability. It would pay a portion of your salary, creating a safety in case of illness, disability or accidents that render the individual unable to work.

Wednesday, October 5, 2016

Gov't Try to Fix Obamacare with Big Changes

Obamacare, ACA, health care act, health care law
The Obamacare or the Affordable Care Act has been hit with some major setbacks as big health insurers like Aetna are pulling out of the public exchanges, also some  regulators have said that the exchanges is collapsing due to increases in premium prices and the dwindling number of insurers.

Car Insurance Sold at Dealerships are Overpriced and Substandard

car dealership, car insurance, vehicle insurance
A new study found that consumers shelled out $1.6 billion in insurance premiums and they have been duped into getting an expensive, poor value insurance products that provide them with little or no benefit, according to the Australian Securities and Investment Commission (ASIC).

Hillary Clinton Lost 2016 Presidential Debate to Trump

debate, Donald Trump, Hillary clinton

Thursday, February 11, 2016

Farmers Insurance Discontinue Coverage Of A Insurer after Filing Tornado Claims

Farmers Insurance cancelled the coverage of Richard Perry, a Moore, Oklahoma resident after he filled two claims for tornado damage. He got a letter from the insurance company stating that they would be canceling his policy, effective in April.

In an interview he said it doesn't make sense to him, he called his local agent and the agent to him that the company would be more than happy to continue coverage on their vehicles but, due to the location of his home in a high risk area, it would be too high a risk to cover it.

The letter reads: "Unfortunately, we are unable to continue coverage, because the number of losses you have experienced exceed our acceptability limits."

The family filed claims on two occasions following tornadoes. Their first claim was in 2013, when the insurance company paid $1,615 for wind damage. The second came in March of 2015, when Farmers paid $7,746. Perry said most of that claim was paid out on his truck, which was damaged in the storm.

Under state law, an insurance company can't drop a policyholder for filing a single claim. But, companies can take action if a policyholder files two claims or more.

It's hard to trust an insurance company that will drop you like a hot potato when things are hard on you.

Farmers Insurance is Rated Worst!

Monday, January 18, 2016

How To Make A Third Party Car Insurance Claim

car insurance 

Do you know that your Third Party Car Insurance Certificate in Nigeria has a N1,000,000 property damage cover on it? Do you also know that the life cover on it is unlimited? If you don’t know, now you know. Your Third Party Car Insurance Certificate is more than ‘Police-let-me-pass’ as it is commonly called in Nigeria, it is a valid piece of paper!
The issue of whether Insurance Companies pay claim is no more an issue presently because the Insurance Industry has been revamped. Please feel free to read Why Insurance Companies Don’t Pay Claims. Now how do you make a Third Party Claim?

How To Make A Third Party Car Insurance Claim

A Third Party Only Car Insurance covers your legal liability (as a holder or insured) to third parties in respect of any damage to their properties (minimum of N1m) and for any injury or death(unlimited) to them from the use your motor vehicle. It also covers your legal fees for defense of a claim in court.
To make a Third Party Claim follow the steps below carefully.
Once an accident, loss or damage occurs and it was decided that you are at fault by the officer or people on the spot, contact your insurer immediately. Note that you are not supposed to admit liability on behalf of the insurer; it is the duty of the third party to prove liability or be determined in the court. Call your insurer on phone and for documentary purpose write a letter of notification or email to your insurer. The letter should give a very brief description of the incident stating the date and time of the loss. Since this is a third party claim thus any impending prosecution, inquest or fatal inquiry in respect of the occurrence should be communicated to the insurer with your letter or in subsequent letters. Also, any claim letter from the third party, writ summons and process should be forwarded to the insurer immediately.

After your notification has been received, the insurer writes to sympathize with and assures you of handling the claim or to reject the claim if you are not covered. If the claim is not repudiated, the insurer’s letter will be accompanied with a claim form for you to fill. The claim form asks detailed questions relating to the claim. The form helps to get a clear description of the claim. Ensure you complete it accurately without misrepresenting anything. The information you put down in the claim form should be the same as those in the Police Report. The insurer will request for some claim substantiating documents which include:
For Property Damage Claim
  • Estimate of repairs
  • Photographs of the accidental vehicles
  • Third Party claim letter
  • Driver’s statement of loss
  • Police report
  • Driver’s license of the driver in charge of the vehicle prior to the accident

For Death or injury claim
  • Writ summons or court order
  • Police Report
  • Third Party claim letter
  • Photographs of the accident
  • Hospital bill
  • Death certificate
  • Corona’s report
  • Driver’s statement of loss
  • Driver’s license of the driver in charge of the vehicle prior to the accident
After you have gotten the documents, attach them to the Completed Claim Form and forward to the insurer (originals should be forwarded to avoid unnecessary delay).

Read the rest here

How To Protect Your Assets With Insurance

Protecting your asset with insurance

Assets are your possessions that make life easy for you; they are parts of your life. Assets can range from material to non-material. I want to adopt another view as to what constitute an asset.
My view is that assets do not necessarily mean things with financial values alone like cars, houses, business premises, machines etc. I believe what constitute an asset depends on an individual. This means things that assist such a person in earning a living e.g. a footballer’s asset could be his leg while a singer’s greatest asset could be his or her voice. As a bread winner your asset could be your lucrative job, your business, your house, your taxi etc. It will interest you to know that all these assets can and have been insured.
We are going to observe some risks that assets are exposed to and how one can protect his or her assets from them. As an individual or business it is important to protect your asset and that with appropriate insurance policies.
We are going to consider:
  • Protecting your Asset as an individual
  • Protecting your assets as a business or corporate body
These risks usually have devastating effects on assets. Fire can cause a lot of damage on buildings, cars and other physical assets so also can the other perils. Every person or business faces all the above listed risks. An insurance policy will not prevent them from occurring but it will be there for you when it does happen so that you will not end up losing everything you own to them. If your house gets burnt without an insurance policy you have lost all!
INSURANCE PROTECTION: These risks can be covered under Fire and Special Perils Insurance Policy. I am going to spare you the technical jargons. This policy covers loss or damage of properties against fire, lightning, explosion of boilers or gas, storm, flood, burst pipes and overflowing of water tanks, impact of vehicles, malicious damage, earthquake damage, aircraft damage, bush fire, tornado and cyclone as well as riot and strike. This insurance coverage is very cheap when you have to consider the premium payable vis-à-vis the value of the property. For example, if your house costs N10m and insuring it, you were charged a rate of 0.225%. This will make the annual premium you are going to pay to be N22,500. With that little amount you are covered under a fire and special perils for a year until renewal.
ALSO READ: How to choose a life insurance plan

Every home or business is faced with the challenge of being robbed. Depending on the area of residence houses get burgled and robbed occasionally. Armed robbers, thieves, vandals etc are threats to houses or apartments.
INSURANCE PROTECTION: What you can do to protect your priced assets like your home and properties is Burglary and Housebreaking Insurance. This policy covers your property against loss or damage by theft. It should be noted that the policy covers not only the stolen goods but also the damage inflicted on doors or safe by the burglar in an attempt to gain entrance to the property. It should be noted here that the insurance definition of Theft is different from its legal definition. In Insurance, theft must involve violence and application of force i.e. entry into or exit from a premises by forcible and violent means. This definition excludes stealing by tricks or any means other than the use of some form of force. However, your private residence burglary policy can cover such theft that does not include force (this is called larceny), which is covered at an additional premium. Burglary insurance too is not expensive. For example if all the content in your house or apartment is valued at N5m then depending on the area you reside the insurer might charge you 0.5% rate which makes your premium be N25,000. Kindly note that the rate is applied only to content of the building because it is not possible for a building to be stolen!

Read more here

Tuesday, January 12, 2016

Car Owners Don't want Insurance Companies to Track Them Even it they give Discounts

car insurance tracking, car insurance, motor vehicle

Car insurance companies like Progressive, Allstate, and State Farm are offering big discounts to car owners on their insurance however, it comes with a catch. They will place sensors in your car so that they can track your every move and driving habits.

The sensors will give insurance companies comprehensive data about how you drive your car, how far motorist drive, how often you hit the brakes, and record every time you exceed the speed limit. These data will give insurance companies information to identify safe drivers who are less likely to file a claim.

Insurance companies wants to create a database of these information about drivers to be able to accurately evaluate risk and customize each insurance policy to fit individual drivers. Unfortunately for them they will need customers to consent to having a tracking device in their cars, and a lot of people don't want it.

Insurance companies are temping car owners with plug-in devices and smartphone applications. They are also working with car manufacturers to be able to use their in-car computers as tracking devices. They also offer big discounts as high as 30%.

If you ask me, this is really creepy, if they can track your every destination they will know everything about you. Where you work, where your kids attend school, where you get your lunch etc.