At the heart of it, life insurance is a sophisticated form of risk transfer. A life insurance policy is a legal contract between an insurance company and a policy holder (“the insured”) that calls for the payment of a lump-sum to the designated beneficiaries of the insured in the event of his or her death.… Continue reading The Keys To Understanding Life Insurance
Tag: types of insurance
5 Types Of Insurance That Are Worth The Money
Being under-insured can be incredibly dangerous. Insurance is a necessity when you least expect it, and not preparing yourself in advance may cost you financially later on. 1. Life Insurance Many individuals don’t keep life insurance policies because they believe that life insurance is more expensive than it actually is. Others simply think they can… Continue reading 5 Types Of Insurance That Are Worth The Money
