Life insurance is a kind of insurance policy that provides monetary benefits when the person owning the policy dies. The money then goes to the people identified in the policy. The people who receives the money from a life insurance policy are called beneficiaries. As long as the policy holder...
Life insurance is a type of insurance policy wherein the insurer agrees to pay a certain amount to the beneficiary in case the policy holder passes away or becomes critically ill or physically disabled. The beneficiary is designated by the policy holder upon taking out the life insurance policy....
An insurance premium refers to the amount of money that is stipulated by an insurance company that a insurance policy holder must pay in order to maintain the active coverage of the insurance. Insurance premiums asked by different insurance companies will vary even if these companies offer the...
Final expenses insurance is a kind of insurance policy that is meant to cover the expenses associated with the passing away of the insured. The term final expenses obviously refer to the costs that have to be paid at the end of one’s life. The fees that a funeral home charges are included in the...
Universal life insurance a kind of life insurance policy that has the added benefit of providing the policyholder a chance to build up cash value. In short, a person who has a universal life insurance policy can have access to the money that he puts in. He can make additional deposits on top of...
Contents insurance is a kind of insurance policy that provides coverage for movable things inside a building. This kind of insurance covers the contents of both homes and businesses. Items that may be covered by contents insurance include furniture, electronic equipment, appliances, clothing, and...
Personal umbrella insurance is additional protection that an individual may purchase in case he gets involved in an incident wherein he causes other people to suffer damages, even unintentionally. There are many different kinds of insurance policies, each one usually having a specific purpose....
Critical illness insurance is a kind of insurance policy that is meant to cover the costs associated with treatment for certain serious illnesses as outlined in the policy. More often than not, critical illness insurance is not a stand alone policy, but is purchased in tandem with another policy,...
An insurance claim refers to the process of a person applying to get the benefits provided by an insurance company that is stipulated in the insurance policy the person pays for. An insurance claim must be filed before any money is given to the hospital, car repair shop or other contracted service...
Driving instructor insurance is a special type of insurance policy that is meant to provide coverage for driving instructors and the vehicles that they use for their job. Being a driving instructor presents a higher risk, due to obvious reasons. When a driving instructor takes out a student on the...
