When applying for a loan or new credit card, the lender might offer you credit insurance — a policy you can either pay for upfront or roll into your monthly payments. But what is credit insurance?

Personal loan credit insurance is an optional policy that covers your loan payments in case of specific unforeseen events like unemployment, disability or death. While the coverage can be costly, it ...

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Loan protection insurance could help you pay for some or all of your personal loan in certain hardship situations, such as an unexpected layoff. A major downside of loan protection insurance is the ...

In their latest blog post, Valley Auto Loan has advised borrowers to think twice before purchasing credit disability insurance. Though this type of insurance has great benefits, it also increases ...

Kevin Nishmas is an expert financial content writer with a long and successful history of working with Canada's largest financial institutions. His knack (and passion) for transforming complex ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

Please provide your email address to receive an email when new articles are posted on . Buy disability insurance early after graduating from medical school. Always maintain an emergency fund in cash ...