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 ...

Discover how payment protection plans can help with job loss or disability, and explore alternatives like emergency funds and ...

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 ...

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 ...

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 ...

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 ...

My credit scores stink -- around 530 or 540. But I'm currently living on federal disability of $1,716 per month. That's an automatic payment every month until I die. I'm 50 years old, and I'd like to ...