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Campaigners in the UK say price comparison websites should include more information such as how often insurance firms pay out and what isn’t covered, not just the total cost. #Insurance #Money #PersonalFinance #BBCNews
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Most people don’t know this… Banks deduct insurance from your loan before giving you the money and even after you finish paying the loan in full, with interest, they NEVER refund that insurance. Why? Because that “insurance” is NOT savings. It’s NOT a deposit. It’s NOT money kept somewhere for you. It’s a premium a one‑time cost that protects the bank, not the borrower. Once your loan is approved, that insurance is already consumed. It covers the bank in case you die, lose income, or default. So
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TikTokshadrickunfiltered
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