Car insurance rates are going up across much of the country. This is due to inflation driving the cost of cars and repairs and increasing accidents and claims. As insurers pay more to deal with claims, they pass that increase to their customers. In the spring of 2023, CarInsurance.com surveyed drivers across the nation. The survey …
There isn’t a lot of transparency in how insurance scores are determined. Insurance companies generally use information from two sources for the calculation of your insurance score. The first is your credit report, although again they aren’t always looking at the same things as say, a bank would for a loan. The second is your …
Scroll back up to restore default view. Inflation has increased budget costs for most Americans, which should be taken into consideration when evaluating life insurance coverage. Being underinsured means that loved ones wouldn’t be able to cover expenses incurring debt or maybe loss of the family home. “Life insurance helps provide resources to cover in the event …
With rising inflation, fill the gap with life insurance, analyst says Read More »
Black Americans are more likely to carry life insurance than the average American, but their coverage does little more than provide for funeral costs. Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans. But 46% remain underinsured, with their benefits not enough to …
Changing how Black Americans use life insurance could help shrink the racial wealth gap Read More »
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