term insurance
term insurance
I think it is called cash value insurance
capitated health insurance is when a physician gets paid a specified dollar amount, for a given time period, to take care of the medical needs of a specified group of people. Often used in Health Maintenance Organization (HMO) Insurance Plans.
Insurance policy with top-up arrangement, will allow you to purchase more insurance coverage any time.
Renewable term insurance is a type of insurance that you can renew at the end of a specified period. Typically you can renew the coverage but at a higher price. This type of insurance is designed for short term needs.
Health insurance will cover the majority of it up to a certain amount. You are also responsible for the deductible (a specified amount that you have to pay before insurance kicks in).
Whole life insurance is the most expensive type of life insurance. The advantages of a whole life insurance policy include guaranteed death benefits, guaranteed cash values, fixed annual premiums. The primary disadvantages of whole life are premium inflexibility,the internal rate of return in the policy may not be competitive with other savings alternatives, and the cash values are generally kept by the insurance company at the time of death. Term life insurance provides life insurance coverage for a specified term of years in exchange for a specified premium. The policy does not accumulate cash value. A policy holder insures his life for a specified term. If he dies before that specified term is up, his estate or named beneficiary receives a payout. If he does not die before the term is up, he receives nothing.
All buildings- whether they have a specified number of tenants or an unspecified number of tenants- need to have landlord insurance. It is strongly reccommended.
The primary function of insurance company is to provide protection from adverse events. The insurance companies accept premium payments in exchange for companies in the eventthat certain specified but undesirable, event occure.
Your Homeowners insurance policy will pay for damages that result from the covered perils specified on your insurance policy subject to the policy limits and any deductibles listed therein.
Broadly, insurance is a risk management device. It is best understood as a mechanism by which a person or an entity, in return for the payment of money (a premium), "hires" an insurer to shoulder the financial risk that accompanies specifiic activity. In the case of health insurance, for example, in return for the payment of a periodic premium, the insurer pays, on behalf of the insured, all or some of the cost of medical care as specified in the insurance contract (policy). A person or entity therefore, purchases insurance so as not to be individually responsible for the entire financial risk of an adverse occurrence. The insurance does not protect from all financial risks. Instead, it protects against those that are specified in the policy and for the amounts of money specified in the policy.