We get it, the world of finance can be pretty confusing. But we've got your back. Here, you'll learn everything you need to know about personal finance, life insurance, and sometimes, even life itself.
Think of this article as one of those vitamin-enriched, whole-wheat loaves of bread: an honest, wholesome guide to getting insurance.
Insurance, like all good business models, has to be profitable. Insurers have to cover their costs and make a profit to stay in business.
Many people make the mistake of either getting insurance they don’t actually need or not getting the right types of insurance for their needs.
The method insurance companies use to work out your level of risk is called underwriting.
Insurance covers risk, and a risk is anything that could happen that would expose you to loss. Basically, when there’s an asset involved (something of value), there’s also risk.
Discovering that you, or someone you depend on, doesn’t have enough insurance can really be a tragedy on top of a tragedy, because you usually only find out when things go wrong.
Providing for your child isn’t just about taking care of their current needs; it’s about preparing for their future needs too.
It’s said that buying a house is one of the most stressful life events, and if you’ve recently entered the property market, you’re probably vigorously nodding your head.
Like wifi, you can’t see life insurance. And, also like wifi, if you don’t have it when you really need it, you (and people you care for) can find yourself in a world of pain.