Homeowners insurance is a serious necessity and is not a luxury. And not just because it protects your home and possessions against damage or theft but for other benefits it offers. Virtually, all mortgage companies require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price) and…
Family Life Insurance is a category of insurance Policy. And it is a contract where an insurer, in exchange for a premium payable by the Policyholder, guarantees payment of death benefits to the Latter’s beneficiaries upon his death. The primary function of family life insurance policy is to make provision for a financial benefit to dependents…
What Is Life Insurance? Life insurance is a type of insurance contract between an Insurer and a policyholder. It is a legally binding contract that pays death benefit to the policyholder’s beneficiaries upon death or after a set number of years. The policy guarantees that the insurance company pays a sum certain to the beneficiaries…
Dental health is an important part of your overall health. It is not in contention that our oral Health is directly connected to our general health. The oral cavity is the gateway to our bodies and internal organs and a lot of things in the dental cavity can be indicative of kidney diseases, heart diseases,…
Car insurance is a contract between a policyholder and the insurance company that protects the policyholder against financial loss in the event of an accident or loss. In exchange for your paying a premium, the insurance company agrees to pay your losses as in your policy. In essence, car insurance provides you coverage for; damage…
American Family Insurance is an insurance company founded on October 3, 1927. An insurance salesman by profession, Herman Wittwer started Farmers Mutual Insurance Company in Madison, Wisconsin. This mutual insurance company was only targeting the farmers as its market. And its only product was auto insurance. However, with the changing demands of its customers, this…
Whole life insurance policy is a class of policy that covers the policyholder during his life time. This is in contrast to term life insurance policy that only covers the policyholder for a certain number of years. It is the commonest form of insurance policy bought by policyholders and the premiums payable are most times…
Meaning of motor bike A motor bike means a two-wheel land motor vehicle with wheels in tandem (including an attached side car) that is built primarily for use on public roads. It may also mean a three-wheel land motor vehicle built primarily for use on public roads. Although motorcycles can be added to the personal…
In Europe, every citizen is admitted in the national healthcare system. And quite a reasonable percentage of medical services are free. These free medical services are under the provision of the doctors who are under the employment of the government. In some of these European countries, there is equally an opportunity for independent insurance companies to…
Meaning Term life insurance is a class of life insurance policy which provides insurance coverage for a certain term of years. The implication of this is that the policyholder’s beneficiaries can only receive death benefits accruing to the policy if he dies within the time in the insurance policy. That is to say, if the…