BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Insurance Agent
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Insurance Broker
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Insurance Actuary
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Insurance Claims Adjuster
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Detailed explanation-1: -Usually, whole life insurances have higher premiums when compared to term insurances. However, unlike term insurance, where the premiums increase at the time of renewal, with whole life insurance, the premiums stay the same for your whole life.
Detailed explanation-2: -These elements are a definable risk, a fortuitous event, an insurable interest, risk shifting, and risk distribution.
Detailed explanation-3: -An insurance broker acts as an intermediary between you and an insurer. Armed with both your background and their insurance know-how, they can find a policy that best suits your needs for a reasonable price. While brokers can save you time and money, you may have to pay a broker fee for their services.
Detailed explanation-4: -Term Life Insurance. Whole Life Insurance. Endowment Plans. Unit-Linked Insurance Plans.