No matter what the fast - talking guy says as he dangles the ballpoint before you, you do not
need loan protection insurance.
When you wisely manage your money to build wealth, you never will
need loan protection insurance.
Not exact matches
Just last week, Wells agreed to pay a $ 1 billion fine to the Consumer Financial
Protection Bureau and the Office of the Comptroller of the Currency to settle accusations it charged thousands of auto
loan customers for
insurance they didn't
need and improperly charged mortgage customers to lock in interest rates.
Loan Protection Coverage Mainstreet offers several protection programs to meet members» personal insurance needs at the most afforda
Protection Coverage Mainstreet offers several
protection programs to meet members» personal insurance needs at the most afforda
protection programs to meet members» personal
insurance needs at the most affordable rates.
For the typical refinance,
loan - to - value ratio also determines if you'll
need something like mortgage
insurance, or if the lender will require extra
protections.
Unlike
loan protection insurance, disability coverage delivers payments directly to you, allowing you to use the money according to your
needs and priorities.
On the other hand, if your car is financed but you made a huge down payment or you have significantly paid down the
loan to the extent that the
loan balance is the same or lower than the cash value of your car, you don't
need to buy guaranteed auto
protection insurance again.
This works well for insured people if the term ends after most of their obligations — mortgage, student
loans, children's education and so on — are no longer an issue and they don't
need that extra level of
protection that life
insurance offers.
If you are seeking
protection to help pay for outstanding liabilities (i.e.
loans, credit card debt, mortgages, car payments, etc...) or plan for the future family
need of income or education at an affordable price, term life
insurance makes for a great option.
If your college student has no debt, and no short - term future obligations for the next 4 to 6 years, then they do not
need college
loan life
insurance protection.
If you still have major expenses like a mortgage or student
loans, then you'll
need to apply for a traditional policy that gives more
insurance protection.
This works well for insured people if the term ends after most of their obligations — mortgage, student
loans, children's education and so on — are no longer an issue and they don't
need that extra level of
protection that life
insurance offers.
Debt
Protection insurance protects your personal assets by providing your business with the funds
needed to service
loans should an unforeseen event occur, for example death or permanent disability.
A level term life
insurance policy can provide the
protection needed for the duration of your home
loan at the lowest cost.
If you
need to get life
insurance to satisfy
loan requirements, or just want the peace of mind, these plans will get you that
protection much quicker than a traditional plan.
Yes, decreasing term
insurance plans are beneficial and if you have a
loan or mortgage account or if your
protection needs are expected to decrease over time, opt for a decreasing term life
insurance plan.
Other than
loan protection needs, a decreasing term
insurance plan is also useful for you if your
protection needs decrease over the years.
You
need to shop for auto
insurance when you are purchasing or leasing an auto because the
loan and lease extenders require you to buy a certain amount of
protection.
In most cases, Term Life
Insurance is sufficient to cover the
protection needs for mortgage
protection, or
loans, or until children become financially independent.
If you are taking a term
insurance policy as a
protection against
loan and debts, then there is no
need to go for staggered payment as in such situations, you
need the sum assured at once not on a monthly basis.
Here's what Kiplinger's personal finance magazine says college students don't
need: New textbooks, a high - end computer, a printer, a pricey smartphone plan, cable TV (watch streaming videos on a computer), a car (especially for freshmen), overdraft
protection on bank accounts, campus health
insurance (assuming coverage under the family's health plan) and private
loans, which carry higher interest rates and less flexible repayment plans than federal
loans.
@Jay Hinrichs I noticed when he said I was approved for a
loan and
needed two things in his contract collateral and to pay $ 1,750 for PPI (Payment
Protection Insurance), which I asked him to send over his PPI policy and he sent me an outline of what a PPI is and not the actual policy.