Long-term care insurance can be used as a financial planning asset that can cover essential services like home health aides, nursing homes, and more if mandatory. Additionally, if you choose to get coverage and require any of these services, this insurance type could be worth considering. However, what happens if you don’t use long-term care … Read more
What are the elements of insurable risk? In a world filled with uncertainty, the idea of insurable risk acts as a foundation for the insurance industry and risk management. Thus, when you understand what insurable risk is, individuals and businesses can protect themselves against possible losses and manage financial uncertainties head-on. Meanwhile, insurable risk involves … Read more
Paying off your mortgage can be difficult but most times worth it, but what happens when you pay off your mortgage? You will gain full ownership of your home. After paying off your mortgage, you get to avoid excess interest rates as well as face a lower risk of losing your home if you default … Read more
What to Do if Your Private Student Loan Co-signer Dies- The lender’s policies determine what happens if your private student loan cosigner dies. Some lenders may automatically default on the loan, asking for the remaining balance to be paid immediately, even if the borrower has been making payments. This might be a financial strain, especially … Read more
Were you unable to send in your insurance premium? And this makes you search the internet for “Can my insurance be cancelled for non-payment?” “What Happens if your Insurance is Cancelled for Nonpayment”? The truth is, if you fail to pay for an insurance premium, your policy may get canceled. And imagine waking up one … Read more
When determining your rates, insurance companies especially home and car insurers review your previous claims .This is a common practice among all insurance companies, but how do they get access to your past insurance? This is where a CLUE Report For Insurance comes into the picture. It is a database that stores your insurance claim history, including … Read more
What Happens When Your Home Insurance Lapses – Imagine finding out that disaster has struck your place of residence, be it burglary, weather damage, or a fire, only to discover that your home insurance quote has lapsed. This form of implication can be serious, leaving the policyholder liable to potential financial risk. So, what happens … Read more
A captive insurance company represents a distinctive method of self-insurance in which a business establishes its insurance subsidiary to oversee its risks and liabilities. Unlike conventional insurance providers that sell policies to the general public, captive insurers are specifically created to address the risks associated with their parent organization. This allows for customized coverage that … Read more
Final Expense Insurance vs. Life Insurance- Ever heard of final expense and life insurance? Have you wondered what differentiates one from the other? If yes, then you are in the right space to get all the information you need. Many people take time to plan for their future and that of their loved ones, and … Read more
Fiona is an online lending marketplace connecting eligible borrowers with personal loan lenders. They make finding the best lenders easier for borrowers who need personal loans to meet unforeseen expenses. Fiona Personal Loans creates a platform for borrowers to easily identify the best lenders for their needs. Fiona personal loans marketplace is owned by MoneyLion … Read more