What is Health Insurance or Medical Insurance?

Howdy Wall St. Willy! When I went to the doctors’ they asked me for my health insurance. But what is health insurance anyway? Health insurance is insurance that covers health related expenses like a doctor’s visit, hospitalization, medicines and many more. But to get this facility you have to pay a certain amount to the …

What is Life Insurance? A Simple Explanation for Kids, Teens and Beginners

Introduction to Life Insurance for Kids and Teens This video explains the concept of life insurance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about life insurance, or used as a money & personal finance resource by parents and teachers as part of a …

What is Auto Insurance or Car Insurance? A Simple Explanation for Kids and Beginners

Introduction to Auto Insurance for Kids and Teens This video explains the concept of auto insurance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about car insurance, or used as a money & personal finance resource by parents and teachers as part of a …

What is Insurance? A Definitive Guide for Kids, Teens and Students of All Ages

Introduction to Insurance for Kids’ Financial Literacy This video explains the concept of insurance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about insurance, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course …

What is FDIC (Federal Deposit Insurance Corporation) and FDIC Insured?

I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …