Tag: Insurance
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What Is Private Placement Life Insurance
Private placement life insurance is an effective financial tool that is specifically designed for high-net-worth individuals looking for investment opportunities and customizable insurance options. In contrast to conventional life insurance plans, PPLI gives policyholders the flexibility to invest in a variety of assets inside the tax-advantaged confines of a life insurance policy, such as real…
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What Does Life Insurance In Force Mean
If you have a life insurance policy, there are several things you need to be aware of, such as the coverage option you have and the benefits of the policy. While life insurance is primarily an effective financial tool that ensures that your loved ones are not distressed after your passing. It is important to…
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What Is Bad Faith in Insurance
Individuals often purchase insurance products with the hope that if something were to go wrong, their insurance company would come through for them. But a lot of people often complain that the reverse is the case. If you find yourself in such a situation, you can file a claim for bad faith. Bad faith in…
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Valuable Papers Insurance – What it is and How it Works
Valuable Papers Insurance – Even in this increasingly digital world, essential documents can be tampered with. Hence, the a need to protect valuable assets and documents because their loss could result in serious operational and financial setbacks. Valuable papers insurance is a specialized type of coverage designed to protect vital documents and data that are…
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Whole Life vs. Universal Life Insurance: What’s the Difference
Whole Life vs. Universal Life Insurance: What’s the Difference – When it comes to life insurance, there is a wide variety of options to choose from, and this can be overwhelming for a lot of people who are interested in getting a quote. Among the most popular types of life insurance are whole life and…
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Questions to Ask When Buying Auto Insurance Coverage
Navigating your auto insurance can be confusing at times because there are so many coverage options and terms involved. Whether you are a first-time auto insurance buyer or you intend to switch providers. Ideally, you need to know what to look out for in an auto insurance policy is essential. There are certain questions you…
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What is Preneed Insurance
What is preneed insurance? Here is what you need to know. This insurance type is known as burial or funeral insurance. It is a special type of insurance that is used to cover the cost of a person or policyholder’s funeral arrangements beforehand. Furthermore, preneed insurance enables people to make plans and cover their end-of-life…
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What Is Life Insurance Fraud
What is life insurance fraud? Life insurance fraud is an illegal act where individuals lie to and deceive insurance providers to get life insurance coverage. What’s more, life insurance fraud can be committed either by the policyholder or the insurance company. For policyholders, this type of offense can be staging your death or another’s or…
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What Happens to Insurance When You Sell Your Car
What Happens to Insurance When You Sell Your Car- Selling your car can be a complicated process, and there are a lot of things that you have to consider before making the sale. Apart from consideration, you mustn’t have any unnecessary financial liabilities and risks. One of the aspects to consider is car insurance. When…
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Used Car Insurance – What it is and How it Works
If you would like to save a few bucks, purchasing a used car can be a good decision. However, things can take a horrible turn if you get involved in an accident if you do not have the appropriate insurance type. Not just any insurance type, used car insurance. Yes, used car insurance policies exist,…