Definition of life insurance. Life insurance covers the life of a person. If they die while the policy is active, the insurer pays out a claim to the designated beneficiaries. This type of insurance provides financial protection to loved ones in the event of the policyholder's death.
There has been heightened focus on health disparities and their underlying causes in recent years. These disparities are not new and reflect the importance of having adequate health insurance coverage. Health insurance helps individuals access necessary medical care and can mitigate some of the disparities in healthcare access.
An insurance premium is the amount of money an individual or business pays for an insurance policy. Premiums can vary based on factors such as the type of coverage, the insured individual's age and health status, and the level of risk associated with the policy.
Nine customer types defining the next wave of insurance include point-of-sale purchasers, virtual vanguards, ESG devotees, bubble protectors, and data-driven decision-makers. Understanding these customer segments can help insurance companies tailor their products and services to meet evolving consumer needs.
A finalized federal rule will impose new nationwide duration limits on short-term limited duration insurance (STLDI) plans. This regulatory change aims to enhance consumer protections and ensure that individuals have access to comprehensive coverage options.
PAYD is a kind of non-conventional and new-age affordable car insurance, where the premium is comparatively low as it is paid on the basis of actual vehicle usage. Pay-as-you-drive insurance offers a flexible and cost-effective option for drivers who want to save money on their auto insurance premiums.
The tax court presumes that captives achieve “risk shifting” when they are adequately collateralized under the requirements of their domicile. Captive insurance companies provide a way for businesses to self-insure against certain risk, with potential tax advantages and risk management benefits.
An FHA loan is a type of mortgage insured by the Federal Housing Administration (FHA), which is overseen by the US Department of Housing and Urban Development. FHA loans offer benefits such as lower down payment requirements and flexible eligibility criteria for homebuyers.
Fact sheet on Universal health coverage (UHC): key facts, what is UHC, benefits of implementing UHC, and WHO response. Universal health coverage aims to ensure that all individuals and communities have access to quality and affordable healthcare services, without facing financial hardship.
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