Insurance

An explanation of benefits (EOB) is the statement your health insurer sends after a claim. Learn what it means, how to read it, and why it isn’t a bill.

Umbrella insurance adds an extra layer of liability coverage above your home and auto policies. Learn how it works, what it covers, and who typically needs it.

A high-deductible health plan (HDHP) has lower monthly premiums but a higher deductible you pay before coverage kicks in. Learn how it works and how it pairs with an HSA.

A flexible spending account (FSA) lets you set aside pre-tax money from your paycheck for medical or dependent care costs. Learn how it works and the ‘use it or lose it’ rule.

Whole life insurance covers you for your entire life and builds cash value over time. Learn how it works, how it differs from term life, and what the trade-offs are.

Term life insurance covers you for a set number of years and pays out only if you die during that window. Learn how it works, what it costs, and who it’s for.

Gap insurance covers the difference between what you owe on a car loan or lease and what your regular insurance pays if the car is totaled. Learn how it works and when it’s worth it.

Universal life insurance is permanent coverage with flexible premiums and a cash value account. Learn how it works and how it compares to whole and term life insurance.

A waiting period is a span of time after a policy starts before certain benefits become payable. Learn where waiting periods show up and how they differ from a grace period.

An insurance adjuster investigates and evaluates a claim to determine your payout. Learn what adjusters do, the three types, and how to work with one.