BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Decrease your deductible
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Reduce or eliminate optional insurance on an older vehicle
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Maintain a good credit history
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Bundle your insurance with other policies
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Detailed explanation-1: -The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance.
Detailed explanation-2: -Mortgage insurance. Avoid insurance that will pay off your mortgage if you die unless you’re ineligible for term life insurance. Reason: Mortgage insurance coverage declines as you pay down your mortgage, yet the premium stays the same.
Detailed explanation-3: -The only way anyone benefits from a life insurance policy on my life is if I die. Answer: False.
Detailed explanation-4: -Description: Insurability of an individual or object is ascertained depending upon the norms and policies of the insurance company. The various factors that are taken into consideration include risk profile, life expectancy, proneness to disease, injury or accidents, etc.