When you buy a life insurance policy, you are taking part in sharing the risk of death among a large group of people. You are sharing the likelihood of an incurred loss with many other people who are in a similar risk pool and are also paying premiums to the same insurance company. Risk …
Life Insurance
How Life Insurance Works, and Who is Involved in the Process?
Life insurance is something that everyone needs and few people like to think about. Essentially life insurance helps to protect your family financially in case you were to pass away unexpectedly. Typically both single income and dual income families report that they would face financial …
The Different Risk Category Ratings for life insurance
The cost of life insurance will vary for each person across the different companies. Many companies offer competitive rates, but each one does vary on how favorable or unfavorable a person may seem to insure. Insurance companies use 3 basic categories to classify and rate the levels of risk …