Search Results for: insurance

8 Major Income Protection Myths Debunked

Income protection insurance is one of the most difficult products to understand. It’s not surprising that so many people don’t understand what income protection insurance is. There are so many key facts and stories about context-specific consumer-insurer battles. Here are eight myths about income protection that have been debunked. Myth 1 – It doesn’t pay Claims […]

Is 401k FDIC Insured?

Recent bank failures by Silicon Valley Bank and Signature Bank have raised concerns among some consumers regarding their retirement funds. However, safeguards exist which can help prevent losing your hard-earned savings. The Federal Deposit Insurance Corporation provides coverage for bank deposits like savings accounts and certificates of deposit; it does not cover investments such as […]

Just bought a car on Facebook Marketplace? Here is what you need to know.

There are two things you might have noticed if you’re looking for a car: a high-quality used market and buyers and sellers flooding Facebook Marketplace to find deals. Studies show that 78% of people use social media when making a car purchase; with 53% of buyers making their choice of new or new-to-them car entirely online. Avoiding scams while […]

Why Are Young Drivers So Expensive to Insure?

The Insurance Institute for Highway Safety states that young drivers are more likely to speed and cause serious accidents than their older counterparts. Young drivers tend to be more dangerous than older drivers around the age of 25, so auto insurance companies often offer lower rates for those 25-plus. These rates drop until 65 when senior drivers […]

Who Insures Credit Union Deposits?

As with bank deposits, credit union savings are federally insured by the National Credit Union Share Insurance Fund (NCUSIF). NCUA coverage typically extends up to $250,000 for single ownership accounts in each category of checking, savings and money market accounts. All federally and most state-chartered credit unions offer this protection free to consumers. FDIC The […]