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Category: Insurance

Financial Risk

What is Risk in Regards to Insurance?

For Insurance, financial risk can simply be defined as uncertainty regarding financial loss. The possibility of property and assets being lost or destroyed, such as this destruction of a home due to a fire or the loss one’s ability to work due to a disability, are examples of risk.  An

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Insurance

Risks an Insurance Company Insures

Insurance companies are in the business accepting financial risks that individuals and other organization have but they do not accept all risks!  For and insurance company to accept a risk, there needs to be certain elements evident or else they themselves could avoid, reduce or transfer the risk themselves. Here

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Insurance

What Makes an Insurance Contract Unique?

An Insurance Contract has certain unique features not found in other financial contracts. Understanding these unique features in an insurance contract can help you understand the value of the policy as well as help make you a better shopper. The four standard features which all financial contracts possess such as:

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Insurance

Understanding Medicare Part D Coverage Gap

Medicare Part D and coverage gaps? Medicare Part D is prescription drug coverage for Medicare recipients. It can be purchased as a stand-alone insurance plan for those who chose the path of Original Medicare or be incorporated into a Medicare Advantage Plan Medicare Part D is optional coverage. If you

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Medicare enrolment period
Insurance

Why You Want To Understand Medicare Open Enrollment Periods

If you are enrolled in a Medicare Advantage plan or Medicare Part D prescription drug plan, it is important to understand Medicare’s open enrollment periods. This is because these plans change coverages from year to year and if you are not paying attention, you may end up having coverage for

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Insurance

How Much Premium Will You Need To Pay In Medicare

The amount of premium you will pay while on Medicare will depend largely on which plan you decided to take and possibly the amount of money you make. Original Medicare If you chose Original Medicare, you have the option of pick up Medicare Part B which provides financial assistance to

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