What Insurance I Should Take At 58Yrs Of Age?

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What are the Disadvantages of Insurance?

There are some disadvantages of insurance are insurance does not cover every type of loss that can happen to an individual or a business. It may take a long legal procedure for receiving your claims. The cost can vary depending on the policy and other factors. So before taking any type of insurance it is advisable to talk to experts.

What is a Major Advantage of Insurance Policies?

Insurance is a contract between the insured customer and the insurance company. The major advantage of insurance policies is to provide economic and financial protection to the insured against the unexpected losses of the insured due to insured peril acting at the time of loss or damage in return for a nominal amount known as “Premium”.

Who is an Insurance Broker?

Insurance brokers are agents that need to work for insurance companies. They sell policies but do not own them. Buying a policy through an insurance broker might sound like a good idea but think about the additional expenses that come with it. Not only would brokers charge you brokerage fees, but they will also tack on other charges to your policy.

What is Loan Insurance?

Loan Insurance is also called Loan Protection Insurance is designed to cover your monthly loan payouts in case of temporary or permanent disability, loss of job. etc.

What is an Insurance Agent?

Insurance agent is the intermediary employed by the insurance company on its behalf to sell the insurance to the customers. A good insurance agent for insurance is one who can render good services to his customer at all times with reasonable care. The service offered by each type of agent is different and it is the responsibility of the customer to decide the best insurance agent before purchasing the policy.

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