Dean Mitchell/Getty Images If you’re wondering how long to keep insurance records, the answer depends on the type of document. In general, you should keep insurance policy paperwork until the policy has expired and all claims (if any were filed) have been settled. But there can be exceptions, especially if…

Key takeaways An independent agent or broker can help you compare life insurance quotes across multiple carriers to find the best policy that meets your budget and needs. The entire process can take several weeks for a fully underwritten life insurance policy or just a few days for an accelerated…

Getty Images; Ilustration by Bankrate Many of the companies benefiting from the boom in artificial intelligence (AI) spending saw their stocks soar in 2024, with several experiencing gains of more than 100 percent. The AI trend has been a boon to investors, but those who missed out on gains are…

Key takeaways A money order is similar to a check, except the money for it is taken out of your account at the time of purchase instead of when the recipient cashes it. If you want to use your credit card to purchase a money order, you’ll have a difficult…

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Key takeaways You are considered personally liable with recourse loans if you default. Mortgages and auto loans are often recourse loans, though this may differ between lenders. Lenders may seize personal assets not listed in the loan agreement in addition to any collateral. This downside may be offset by lower…

Images by GettyImages; Illustration by Hunter Newton/Bankrate Index funds are one of the most popular types of investments because of their simplicity, low cost and diversification benefits. In general, index funds seek to replicate the performance of an underlying index comprised of stocks or bonds, which means they aren’t managed…

valiantsin suprunovich/Getty Images Key takeaways A covenant serves as a written contract between two parties, like a lender and borrower. If that covenant is broken, it is known as a breach of covenant and can result in a lawsuit. There are a few primary types of covenants, including positive or…

Key takeaways Prepaid tuition plans allow you to lock in future in-state tuition for your child at today’s tuition costs. Like other types of 529 plans, you may receive a tax benefit as a deduction or credit for prepaying tuition. However, school choices are limited, and you can only use…

Key takeways The Delta SkyMiles® Gold American Express Card is a solid option for frequent Delta customers, but the annual fee might be a bit steep for some. This card earns 2X miles at U.S. supermarkets, at restaurants (including takeout and delivery in the U.S.) and on…

Credit: Images by GettyImages; Illustration by Jessa Lizama/Bankrate Key takeaways An IRA is an individual retirement arrangement that is tax-advantaged and is designed for use during retirement. The funds from a traditional IRA can be cashed out and moved to a 529 account, but you’ll pay a 10 percent penalty…

Charday Penn/Getty Images Key takeaways The U.S. Bank Visa® Platinum Card offers an attractive 0 percent introductory APR for 21 billing cycles on both balance transfers and new purchases. This card also offers cellphone protection benefits but does not come with a rewards program. To fully maximize the benefits of…

If you’re looking for ways to contribute to a loved one’s future success, the good news is there are plenty of options. One of those ways is contributing to a child’s education fund.  Here’s a look at how you can contribute to a godchild’s education savings fund and what to…

Key takeaways The Trump administration will likely terminate the SAVE plan and may seek to end other forgiveness plans. Student loan borrowers should review their current repayment options to see if they should take action. The cost of college is a bipartisan issue, as tuition has increased more than 37…

Binance.US offers a wide selection of cryptocurrencies and attractive pricing on the two largest by market cap – Bitcoin and Ethereum – with no commission. Binance, which we use here to refer to the U.S. arm of the exchange, charges reasonable commissions that decline as you trade more, ranking it…

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