Insurance

Life insurance is an essential part of a financial plan. It protects your family in case of accidental or premature death to cover loss of income and expenses, such as mortgage payments, education...

There are two types of life insurance coverage: cash-value and term life. They both provide a financial benefit upon the death of the insured. However, these two policies are purchased based on...

Decreasing term insurance is pure life insurance for which the death benefit decreases over the life of the policy. Also called mortgage protection insurance, it is often sold by mortgage...

It happens all the time: A relative passes away and nobody seems to know whether he had life insurance. If you've already grilled family members, read the will and checked the safe-deposit boxes,...

Term life insurance and long-term care insurance are two different types of insurance. Term life insurance pays when the insured dies. Long-term care insurance pays as the insured recovers.

Accidental death and dismemberment insurance is an inexpensive option in addition to life insurance.

Risk life insurance, or high risk life insurance, is for people who take higher risks than normal in their activities. People who participate in dangerous hobbies or professions are considered...

Gap insurance is a way to cover any shortfalls of financial reimbursement in case of accident, fire, theft or natural disaster for the vehicle insured. Actual cash value of a vehicle is not the...

The first step in the claim process is for the policyholder (known as "the insured") to notify the insurance company of the loss. The insured can contact her insurance agent, who will then notify...

Endowment policies were the early form of tax-deferred retirement plans and college savings. The policy provided insurance in the amount of money the client wished to accumulate by a specific...

Third party insurance is protection purchased against an unpredictable and unforeseeable outside circumstance. The purpose of third party insurance is to protect the insured from outside claims...

Life insurance is a treaty created between two parties in which the insured individual agrees to pay the insurer a particular amount of fee on a regular basis.

Life insurance can be a very complex agreement between an insurance company and a customer. Policies contain multiple features that must be acknowledged and agreed upon by all parties involved in...

Insurance loss can affect an individual policyholder and the insurance company that issued the policy. Insurance companies issue policies to protect against many types of loss that can occur, such...

Fully insured health plans are typically group health insurance plans in which an employer or company pays the health insurance premiums for coverage. Insurance companies that provide the group...

Reducing the amount of estate tax or inheritance tax paid by an estate after the demise of a loved one requires preplanning. Estate planning uses all the laws available to reduce the size of the...

People don't like dwelling on the worst-case scenario, and that's exactly what buying life insurance forces you to do. But what many don't realize is how beneficial -- on many levels -- life...

Life insurance claim denial can be a terrible experience if you are a beneficiary trying to stake a claim for receiving a life insurance policy payout. Many beneficiaries assume that if and when...

ccording to the Insurance Dictionary, an insurance broker is a "representative of an insured, not of an insurance company. Acts of a broker are not the responsibility of the company, and...

Self-insurance is an alternative to traditional insurance for companies that seek to keep costs down and tailor insurance to the needs of their employees. Although self-insurance can be used for...

Private health insurance is one of three health coverage options available to United States citizens . The other options are government- and employer-sponsored health plans. Two main types of...

Many of the group health insurance plans found in today's workplace are filled with features designed to reduce the cost of the policies, while at the same time providing appropriate coverage for...

It is extremely beneficial as property owner goes through the insurance claim process to understand the basic concepts of property insurance. If a property owner understands the basic concepts of...

In the United States, three major types of health care programs are available to residents. The two private programs, managed health care and indemnity health plans, provide health care based on...

Health insurance is a contract between an insurance provider and an individual in which the provider promises to pay for medical expenses in exchange for the insured's payment of premiums. The...

As medical technology improves, people live longer. During later years, the chances that professional care will become necessary increase significantly. With the number of people requiring care...

Term life insurance and permanent (or whole life) insurance decisions are affected by age, finances and investment preferences. Term life costs much less. Permanent insurance includes an...

helpful hint about your homeowners policy.

Health insurance is important to have so that a trip to the doctor or hospital doesn't take big bites out of your wallet. For those who are not part of or eligible for an employee-sponsored health...

Health insurance premiums are the price insurers charge for granting coverage to an insured. Many factors go into the final premium, such as the risk involved in covering the specific person or...

There are reasons why a person or an employer would want to take a life insurance policy out on someone else. However, not all such transactions are allowed by law. The insurance company must...

Having health insurance in the United States is a priority. Illnesses and injuries can happen at any time, and health coverage can be a huge asset in controlling medical costs. However, the price...

Health insurance is either provided by an employer or purchased as an individual policy. There are many aspects of health insurance that need to be understood including knowing the costs and...

Many group and individual health plans include health, vision and dental coverage. The process of filing a claim is typically the same for dental insurance as it is for health insurance. An...

A Health Maintenance Organization (HMO) is a form of managed healthcare in which the insured sees doctors and specialists that are part of a network. This usually results in the insured paying a...

In the United States, the type of health care available falls into two categories: a fee-for-service plan or a managed care plan. Fee-for-service plans have been around the longest and allow for...

Term life insurance provides protection for a specified period of time. Upon the death of the insured, the face amount of the policy is paid to a beneficiary designated by the insured. Unlike...

A life insurance beneficiary is the person or entity that the insured designates to receive life insurance proceeds in the event of his death. The insurance benefits will typically go to the...

Life insurance is a means to prevent financial hardship in the event of the death of the insured. Without it, many families would have no other means of maintaining their present lifestyle, and it...

Term life insurance provides financial protection in the event of the death of the insured. It is sometimes considered to be "no frills" insurance because it provides no additional benefits such...

Term life insurance is the most uncomplicated form of life insurance. You can take out a life insurance for different terms (five, 10, 20 or 30 years) or until a specified age. Most companies...

Many Americans covered by private medical insurance are members of managed care networks. There are two basic types of managed care plans: HMOs and PPOs. Many people are under-informed about the...

Perhaps one of the most overlooked and undersold types of insurance is disability insurance. Most people do not realize that their likelihood of sustaining a substantial injury is high. The...

A certificate of insurance is provided with various types of insurance policies. The most common type of certificate of insurance comes with an automobile policy. A certificate of insurance is an...

Provider benefit health insurance, usually called managed care plans, can cut the cost of health insurance but limits either your choice of health providers or encourages you to select a specific...

A viatical settlement is a way for terminally ill patients to get immediate access to insurance money that is designated to be paid out to a beneficiary. If the patient has a life insurance...

When someone is diagnosed with an illness and are given a certain amount of time to live, many decisions have to be made. Most of them surround the ending quality of life, which may include paying...

Indemnity health insurance, otherwise known as fee-for-service, is the oldest form of health insurance in the United States. Unlike managed care, indemnity plans allow the insured to choose his...

Short term insurance is temporary protection that is purchased to provide coverage for a brief time period. Common reasons for purchasing it include providing coverage until a permanent plan...

Insurance is a transfer of risk. A life insurance policy is a legally binding contract between an individual and an insurance company in which the individual transfers some or all of his or her...