I went to a trade show this past weekend for parents that are either expecting or recently had a newborn. More than one of the booths was pushing life insurance for your newborn. They were marketing it as cheap insurance that will help you save for your child’s future and protect their rates if they [...]
The Canadian Source For Personal Finance
Category Archives: Insurance You Can Do Without
Insurance You Can Do Without – Involuntary Unemployment Credit Insurance
Involuntary unemployment credit insurance is another type of insurance you can do without. This insurance might be offered with a credit card or auto loan and will cover your minimum payments, usually for up to 6 or 12 months, if you were to be laid off.
While the price can vary from lender to lender it [...]
Insurance You Can Do Without – Credit Life Insurance
Credit life insurance is purchased so that the balance of your car loan or credit line would be covered if you die before your debt is paid.
As with many of the policies in the Insurance You Can Do Without series, credit life insurance in too expensive compared to the premiums for term life insurance. [...]
Insurance You Can Do Without – Cancer Insurance
Cancer insurance is a supplemental insurance that will pay an initial amount after you are diagnosed with cancer. Then it will likely cover any amounts for expenses that are not paid by your regular benefits plan.
The problem with cancer insurance, or any other kind of disease-specific insurance is that you’re often paying too much in [...]
Insurance You Can Do Without – Credit Card Protection Insurance
Credit card protection insurance is another case of paying too much in premiums for very little protection. Many people signing up for this expect that it will pay off their credit card if they lose their job or become too sick to work.
The truth about credit card protection insurance is that it will only pay the minimum [...]
Insurance You Can Do Without – Accidental Death Insurance
Last month we had the first four articles in the Insurance You Can Do Without series. Over this week, lets look at four more types of insurance you can do without.
Accidental death insurance may be offered to you as a rider on your regular life insurance policy. It can also be purchased as it’s own [...]
Insurance You Can Do Without – Rental Car Insurance
Every time you rent a car, you won’t get away from their counter without either accepting or rejecting their form of car insurance, known as loss damage waiver (LDW) and collision damage waiver (CDW). Is this insurance necessary? It’s best to find out in advance, before you rent the car.
There are a couple ways you [...]
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