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 ...

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 a weak economy where credit is tight, much attention has been paid to various loan types -- from mortgages and auto loans to credit cards -- and whether cash-strapped consumers are having a ...

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 ...

Q: I keep getting offers to add insurance to my credit card. Should I do this, and if so, why? A: That's a good question. While a few people might actually use it, the vast majority of people who pay ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. You’ve probably heard about the ...

Credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their ...