Insurance is a useful tool to cover risks, if applied wisely. If not, then it is the equivalent of throwing your money away. Even worse than throwing your money away, these frivolous insurance policies can leave you with a false sense of security.
Less useful policies tend to offer very narrow single-purpose coverage, overlap with
Credit Insurance
On its surface, a credit card insurance policy seems appealing. For just pennies on every $100 in credit card debt, your debt will be paid if you lose your job, become disabled or die. Sounds great, right? But don’t rush into accepting this form of insurance, as the cost may be too high for the
Credit insurance is a form of insurance on a specific debt. It could be a home or car loan, a credit card balance, or any other form of debt. By purchasing credit insurance, you are guaranteeing that the debt will be at least partially paid under the condition the specific policy was written for (death,