Types of insurance

society security system is regarded as the achievement of modern society and history of social security is relatively short. Dating back to the origin of the social security system, German people first had it in 1883. For quite a long period, social insurance issues especially social security has been one of the most important issues of policymakers and governments. What’s more, social security is a heated topic in the report of newspaper and academic magazine, which discussed social and…

Life insurance • It is recommended that Liam should not opt for this type of insurance as he does not have any dependent to take benefit from this insurance policy. Also the policy holders may forgo some of the expenses for his current needs for the payment of the premiums 2. Total and permanent disability (TPD) insurance • It is recommended that Liam should go for this insurance policy with any occupation outside superannuation. His main…

Gender and Car Insurance It’s a commonly known fact that car insurance rates are set based on many factors such as demographics, driving records and your vehicle’s value, but one thing that shocks many drivers is that gender affects the rate you pay for coverage. In fact, your car insurance rates can vary as much as 50 percent based on gender, age and marital status. [1] Young married couples in their early 20s pay an average of 21 percent less per person than single drivers, but the women in…

consider getting insurance coverage regarding property insurance to guard against losses connected to building and content as a result of fire, flood, and others. In addition, the entity may want to consider obtaining insurance protection to safeguard against liabilities resulting from claims against the entity or its associates. For example, in the event that a client requests a tailored art piece from the entity and the specifications given are not satisfied, this type of insurance would come…

Insurance adjusters portray an important role in the ever changing world of the automobile industry, as well as the many different other types of situations involving accidents. As more and more individuals venture out onto the public roadways, the unpredictability of the weather, and other general mishaps, the probability for accidents escalates. With that being said, insurance adjusters are steadily busy getting everybody back in their vehicles. Insurance adjusters assess claims that…

Introduction: Federal crop insurance was first introduced in the early 1930s to help producers recover from the Great Depression and the Dust Bowl (“History of the Crop Insurance Program”). The now program covers millions of farm acres and has become the largest single farm commodity program in the farm bill. It is a major part of the farm bill and can influence the commodity markets of the United States. Policy Discussion: The federal crop insurance program was created to lower the risk of…

Do you ever wonder why different cars cost you different amounts for auto insurance premiums? Why is it that a new Corvette may cost you $1,600 dollars a month in auto insurance and an older Buick Regal may only cost you $90 per month? The new car insurance cost versus the old car insurance cost is a subject that you must review before you buy any car. Review insurance costs before you buy and you will not get caught in a financial trap. New cars cost more to insure than old cars for three…

to make a claim under the uninsured motorist or underinsured motorist provisions of your auto insurance policy. These stipulations of your policy come into action when the at-fault driver either has no insurance coverage, or inadequate insurance coverage, to pay for the injuries or property damage that occurred during your accident. Keep reading below for more information on how to deal with these types of claims. What is Uninsured Motorist Coverage? Uninsured motorist coverage is to help pay…

new drivers find car insurance impossibly expensive; this causes many people to not only have difficulty paying for it, but some also avoid purchasing car insurance all together. Young people driving without car insurance causes unnecessary dangers for all drivers. An inexperienced driver is more likely to get in, or cause, a car accident. If this individual does not have car insurance, they may accrue insurmountable debt. For this reason, finding a way to lower car insurance premiums becomes a…

engaged in the business of life insurance, mutual funds, pension and educational plans. These businesses are being managed by, Sun Life Asset Management Company, Inc. (SLAMCI) for the mutual fund business; Sun Life Financial Plans, Inc. (SLFPI) which handles the company’s pension and educational plans; and the Sun Life of Canada (Philippines), Inc. (SLOCPI) that pioneered life insurance in the Philippines in 1895. Since 2011, SLOCPI is the number one life insurance company in the Philippines…