Insurance/Loan/Credit Cards

Insurance is a way to manage your risk. When you purchase an insurance policy you purchase a protection against unexpected financial loss. Insurance companies pay you or someone you love when something bad happens to you.

What is the simple definition of insurance?

Insurance is a way to manage your risk. When you purchase an insurance policy you purchase a protection against unexpected financial loss. Insurance companies pay you or someone you love when something bad happens to you.

What is the purpose of insurance?

Its objective is to reduce financial uncertainty and make accidental losses manageable. A professional insurer reduces the risk of a major loss by paying a small fee to the insurance company and the insurance company promises to pay in the event of such a loss.

What are the 4 main types of insurance?

There are four popular and important types of insurance that most financial experts recommend to all of us: 1. Life, 2. Health, 3. Automatic and 4. Long-term disability.”

What are the 3 types of insurance?

There are four popular and important types of insurance that most financial experts recommend to all of us: 1. Life, 2. Health, and 3. Long-term disability.”

What is the main purpose of insurance?

Insurance is a way to manage your risk. When you purchase an insurance policy you purchase a protection against unexpected financial loss. Insurance companies pay you or someone you love when something bad happens to you.