Do low bank rates make life insurance a better investment?

Historic Bank vs. Life Insurance Rates Historically, bank interest rates have consistently outperformed the earnings from whole life insurance policies. Whole life insurance involves dedicating a portion of the premium cost to pure insurance coverage, with the remainder allocated to a savings or investment account. Although not covered by FDIC or NCUA insurance, as are [...]

How much life insurance do you really need?

Life insurance has become an important necessity in our day. It really is not an option, although many people still do not have any. Oftentimes, when expenses of the family rise, life insurance is often one of the first things to go – but should it be? Do you really need it? Here are some [...]

FDIC Insurance – What you need to know

The Federal Deposit Insurance Corporation (FDIC) has been insuring depositors’ accounts since the Great Depression (1933). To date, it has never failed any depositors in U.S. banks. The FDIC was originally created by the U.S. government to reassure depositors that their hard-earned savings and deposit dollars would be protected. Many dollars were lost during the [...]

UK drivers in favour of background checks on car insurance policies

With almost three quarters of UK motorists backing car insurance providers to take tougher action on dishonest drivers, the Post Office is reminding UK drivers of the risks they take should they provide inaccurate details when applying for car insurance. Motorists who choose to conceal their motoring offences, such as speeding or using a mobile [...]