It's a bad idea. Credit insurance is a rip-off because it's very expensive and you get very little for it. Make sure you have enough life insurance to cover your debts, such as the mortgage, credit cards, and your children's education. Many people use term insurance for this specific kind of thing.
Lorayne Fiorillo
Related
A credit derivative, at its core, is actually a very simple concept... The simplest way to think of ...
BLYTHE MASTERS Your credit score affects the interest rates you're offered on credit cards and loans, can be us...
SUZE ORMAN I have a lovely light blue Kate Spade wallet. It has pockets for many credit cards, business cards, ...
AJA NAOMI KING If you belong to a credit union or any associations, check to see if they have any sort of guarantee...
DEB OUTLAW They might also give you your credit score. They'll give you free copies of your credit report every...
LINDA SHERRY The one (interest) point you save pays for the credit insurance policy.
ERIC SHAW It is good to own your own home (no mortgage). Own your own car (paid in full). Pay off your credit ...
LORRIN L. LEE If you get term insurance, you can always convert it to permanent protection later on, if [you] have...
DOUG FLYNN Homeowners insurance offers extremely limited coverage for home businesses. There are a lot of diffe...
AMY GERGELY My daughter graduated from college in 1985. She had a very close friend who is still paying off cred...
FRAN KATZANEK While a reverse mortgage can indeed be a viable way to generate income, it is very important to unde...
SUZE ORMAN Many kids come out of college, they have a credit card and a diploma. They don't know how to buy...
JESSE JACKSON Make it a regular annual procedure to review and update your insurance. Also remember that insurance...
CAROL CHASTANG It's very simple. Your auto insurance premiums should be based on what kind of driver you are.
HARVEY PEYTON Coming up with a ballpark figure on how much you need to pay your expenses, such as your mortgage or...
JOHN RAMPTON We got pretty good insurance, and we'll continue to have pretty good insurance, ... It's better to h...
BILLY JACKSON Credit default swap is basically just an agreement that I have with you, where I sell you insurance ...
CHARLES DUHIGG It used to be just the additional cost of the mortgage that you looked at. Now, you are going to hav...
BLAIR GLENN When this happens, the insurance companies that are in trouble will count on state guarantee funds t...
JAMES WALSH The American dream is to have your own home and to have some sort of security with health insurance....
RUTH CASE To get the most use of your money, ... it makes very little sense (to pay off a mortgage early) if y...
DAVID BLOCK We offer travel insurance to citizens around much of the world. Get instant online travel insurance ...
GLOBALTRAVEL INSURANCE We know there are many misconceptions on the part of consumers when it comes to long-term care insur...
DEBORAH RICE You can always make a film somehow. You can beg, borrow, steal the equipment, use credit cards, use ...
WALTER MURCH The chief beneficiary of life insurance policies for young, single people is the life insurance agen...
WES SMITH When you pay a hospital bill, you're really paying two hospital bills - one bill for you because...
P. J. O'ROURKE You can have separate identities for the separate parts of your life. For example, you can have a he...
AUSTIN HILL Renters insurance is very valuable. And for not very much money, it can save you from disaster.
CAROLYN GORMAN So therefore, as with all insurance, it is important to read your policy beforehand and understand t...
JONO SOAMES There’s too much structure in the world: too much insurance, litigation, unfulfilling work, fighti...
LINDA LEAMING It has always been more expensive for the poor to borrow money. We see this in everything from mortg...
JOHN NIVEN You can always make a film somehow. You can beg, borrow, steal the equipment, use credit cards, use ...
WALTER MURCH As a physician and a U.S. senator, I have warned since the very beginning about many troubling aspec...
JOHN BARRASSO Credit card debt is almost always bad. At the very least, make sure that the amount of credit card d...
JAMES KIBLER The main thing is to get flood insurance if you live in Louisiana, ... Flood insurance isn't a requi...
ANN CLARK The main thing is to get flood insurance if you live in Louisiana, ... Flood insurance isn't require...
ANN CLARK The main thing is to get flood insurance if you live in Louisiana. Flood insurance isn't required bu...
BOBBY CLARK The main thing is to get flood insurance if you live in Louisiana. Flood insurance isn't required bu...
BOBBY ANN CLARK Stay-at-home parents like Marge perform many household services that would be expensive to replace, ...
MARGE SIMPSON You're not financing the mortgage insurance and you build equity faster.
GEORGE FOX Billions of dollars that used to be written in the form of checks with insurance companies' names on...
DAN PERRIN This is the national equivalent of having no savings, your credit card maxed out, you didn't renew y...
DIANA DEGETTE Your insurance broker has your telephone number, but your insurance broker doesn't have your Fac...
BRIAN ACTON Just because your ad looks good is no insurance that it will get looked at. How many people do you k...
WILLIAM BERNBACH The liability amounts had not been increased, and there needed to be an upgrade to that level of ins...
HAL BOZARTH For instance, you may have some people who have insurance and insurance is meeting their living expe...
ED CONLEY For instance you may have some people who have insurance and insurance is meeting their living expen...
ED CONLEY Health care already costs too much. Unfortunately, the bill proposed by Senator Kennedy and many of ...
DON NICKLES For many consumers, understanding insurance and determining what kind of coverage they need to prote...
ALESSANDRO IUPPA Another thing that sets us apart from most lending institutions, is at MNB you can borrow up to 90 p...
DON BISHOP Another thing that sets us apart from most lending institutions, is at MNB you can borrow up to 90 p...
DON BISHOP If all you had to do was wait until you needed insurance and then go out and buy it, your insurance ...
BRUCE ABBE It's for people who maybe didn't have insurance or didn't have a home to begin with, to find an adeq...
CHRIS MYERS There is no point in building something to withstand a storm like Katrina, It would be too expensive...
BOB WRIGHT If you want to be a troubleshooter, make sure the organization you work for has a good health insura...
MACGYVER If owning stocks is a long-term project for you, following their changes constantly is a very, very ...
DANIEL KAHNEMAN The key to private mortgage insurance is, it lets you pay, obviously, less money down -- the idea be...
JEFF LUBAR Our building is pretty bad. Our insurance is working with his insurance. We're going to get it fixed...
JOANNA BOWLES Health insurance is becoming more expensive for the average person.
GARY CLAXTON I think most American workers want to make sure that when they have actually purchased health insura...
EDWARD KENNEDY If you've got your house, got your car, got your two credit cards and you know there's no other cred...
BETH GIVENS By its nature, (an insurance policy) is a complex product - some more complex that others - and this...
ALESSANDRO IUPPA Union members, for example, are overwhelmingly covered by health insurance - and non-union members o...
BERNIE HORN [If you carry a balance, you should by all means use this low-rate environment to lower your finance...
ROBERT MCKINLEY We handle insurance plans for business and employee benefit plans, along with investment and savings...
FRANK GIARDINA We saw it as a necessity that insurance wouldn't cover.
DIRCK REICHARD If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insu...
SUZE ORMAN We have been expecting businesses to provide health insurance coverage, but is this fair? Or, should...
BERNIE SANDERS You want 21 percent risk free? Pay off your credit cards.
ANDREW TOBIAS Actually lowering the cost of insurance would be accomplished by such things as making it harder for...
THOMAS SOWELL This is an effective way of handling the life insurance application process that was previously slow...
BRUCE RATZLAFF If you have a 19 percent credit card and you pay it off you make 19 percent on your money. If you ha...
JANE BRYANT QUINN Justice is the insurance which we have on our lives and property. Obedience is the premium which we ...
SUKHJINDER SINGH It's very easy for trusted companies to mislead naive customers, and life insurance companies ar...
DANIEL KAHNEMAN This was, I think, a very appropriate response by this hospital to say to the community, 'We are her...
JOEL SELIGMAN This is an issue that we are very concerned about. We have approximately 340 of our employees laid o...
DAVE GOSSETT Everyone can get a little sloppy with cash and it's smart to notice. But what's squeezing you is the...
JANE BRYANT QUINN War gets people thinking about mortality even if they aren't going to be doing any fighting themselv...
GARY SCHATSKY War gets people thinking about mortality even if they aren't going to be doing any fighting themselv...
GARY SCHATSKY [On ABC's] This Week, ... too many people in the country are either not old enough for Medicare, ......
PAUL WELLSTONE Willis is a big insurance brokerage and very profitable,
BEN HOLMES More and more often, victims are being denied jobs and being denied insurance as a result of their c...
ATTORNEY GENERAL ROB MCKENNA As a condo owner, I would want to be sure my policy would cover the difference between my deductible...
CAROLYN GORMAN The reason we've filed is because Connecticut General Life Insurance has continued to not live up to...
WAYNE FISHER [Before going in for a scheduled surgery or procedure, make sure that all of the specialists who wil...
NORA JOHNSON Once your kids are grown and you know that you're completely healthy, consider canceling your li...
SUZE ORMAN Once you're retired and are no longer counting on earned income to live on and supplement your n...
JEAN CHATZKY The NASD ruling that all insurers [who are members of NASD] must be affiliated with a licensed broke...
KOLEEN ROACH By enrolling in a Medicare drug plan, beneficiaries not only get good prices, but insurance against ...
PETER ASHKENAZ We were trying to think of something people couldn't get insurance to cover and one of the things is...
JANE BUTLER I was ten,” I said. “Give me a little credit.”
“To a boy with aspirations like that, I ...
BRANDON SANDERSON It took a little over a decade to build a coalition strong enough to beat the insurance companies, b...
RON WYDEN But we are not going to stand by and go back to allowing people with preexisting conditions to be di...
DAVID AXELROD Fun is like life insurance; the older you get, the more it costs.
KIN HUBBARD This is a tragic reminder that it may not be enough to review the documents. You may need to follow ...
TOM GALLAGHER I don't borrow on credit cards because it is too expensive.
MATT BARRETT Because we don't bill insurance, we erase the line between family practice and urgent care. The insu...
DAN FRANCIS We should all have the legal right to purchase health insurance from any insurance company in any st...
JOHN MACKEY If there is anyone dependent on your income - parents, children, relatives - you need life insurance...
SUZE ORMAN If you have a company that's merging with another in telecommunications or credit cards it pay...
JOE RIDOUT