What is the difference between term and permanent life insurance? Term life insurance provides coverage for a specific period of time, such as 10, 20, or 30 years. If the policyholder dies during the term of the policy, the beneficiary will receive the death benefit. If the policyholder does not die during the term of … Read more
What is the importance of truth in insurance? Truth is essential in the insurance industry. Policyholders rely on accurate and honest information when making decisions about their insurance coverage, and insurers rely on accurate information when underwriting and pricing policies. Without truth, there is a risk of misunderstandings and disputes, which can lead to financial … Read more
What does it mean to “stop selling insurance”? “Stop selling insurance” is a phrase that is often used to advocate for a shift in the way insurance is sold and marketed. Instead of using traditional sales techniques, such as high-pressure tactics or misleading information, the idea is to focus on educating consumers and helping them … Read more
What is payment protection insurance (PPI)? Payment protection insurance (PPI) is a type of insurance that is designed to cover loan or credit card payments in the event of the policyholder’s death, disability, or unemployment. It is often sold as an add-on product when a loan or credit card is issued. How does PPI work? … Read more
What is a life settlement? A life settlement is the sale of an existing life insurance policy to a third party for a price that is greater than the policy’s cash surrender value, but less than the policy’s death benefit. The seller of the policy receives a lump sum payment, while the buyer becomes the … Read more
What is life insurance? Life insurance is a financial product that provides financial protection to the policyholder’s family in the event of the policyholder’s death. It is purchased in the form of a policy, which outlines the terms and conditions of coverage. How does life insurance work? When you purchase a life insurance policy, you … Read more
Shop around: One of the easiest ways to save on life insurance is to compare quotes from multiple insurers. Prices can vary significantly between different companies, so it pays to shop around. Determine your coverage needs: Before you start shopping for life insurance, it’s important to understand how much coverage you need. Consider your financial … Read more
Determine your coverage needs: Before you start shopping for life insurance, it’s important to understand how much coverage you need. Consider your financial responsibilities, such as outstanding debts and dependents, as well as your long-term financial goals. Compare quotes: Once you have an idea of the amount of coverage you need, it’s a good idea … Read more
What is insurance? Insurance is a financial product that helps to protect individuals and businesses from financial loss due to unexpected events, such as accidents, natural disasters, or illnesses. It is purchased in the form of a policy, which outlines the terms and conditions of coverage. What are the different types of insurance? There are … Read more
Shop around: One of the easiest ways to save on car insurance is to compare quotes from multiple insurers. Prices can vary significantly between different companies, so it pays to shop around. Raise your deductible: Increasing your deductible (the amount you pay out-of-pocket before your insurance kicks in) can lower your premiums. Just be sure … Read more