Advertisement
Edward Weston
Jun 29, 2021
What is the most important function of insurance?
It is leverage. Spend less and cover big costs.
Accident insurance has the highest leverage proportion among all the life insurance.
One adult spends just two or three hundred dollars and can get one million dollars of sum insured of accident insurance.
Accident insurance (accident death/disability) is equal to everybody. You can get the claim money as long as the situation conforms to the contract, which is very exciting.
I think that you don’t have to look around and just buy this insurance product.
But you need to pay attention that buying long-term accident insurance is really a foolish behavior. Many friends who have bought long-term accident insurance can’t understand and ask me to make it clear. As long as you have some knowledge about accident insurance, you will understand how foolish it is to buy long-term accident insurance.
When we are talking about the necessity of long-term insurance, what is the point?
We are talking about the stability of the insurance, which is an essential factor.
That is, ensuring the renewal of insurance.
As we all know, there are two barriers when we buy insurance: one is the health condition and the other is age.
The more physical problems you have, the more likely it is to be rejected in buying insurance.
The price will be higher and the choices fewer if you are older.
There are two advantages of stable renewal of insurance:
1. The liability coverage and the rate will not change and the price will be the same each year.
2. The renewal of insurance is stable without health declaration and the renewal will not be rejected after claim settlement. Even the product ended, renewal is available.
But unfortunately, accident insurance is different because it ignores the advantages of the renewal of insurance, making long-term accident insurance in a dilemma.
Because there is no health declaration for buying accident insurance. As long as you can normally live, even if you had cancer, you can buy insurance. The price of accident insurance is set in terms of the age, which is so broad that the price is the same for adults aged 18 to 65.
Advertisement
A Complete Review On Veterans United Home Loans
Veterans Affairs (VA) loans have better terms and lower interest rates than conventional mortgages. As long as the home's purchase price does not exceed the home's appraised worth, a VA loan typically requires no down payment.
Student Loan Scams and How to Avoid Them
Imagine how stressful it would be if you couldn't pay your federal student loans. This person claims to work for the U.S. Department of Education and calls you. To lower your monthly payments in the long term, his organization can assist you in qualifying for federal programs that do so. In exchange for a $1,000 upfront charge, monthly loan payments sent to this firm rather than your servicer, and a vow to ignore future phone calls and emails from your servicer or the Department of Education, you can avoid all of this.
The definition and design path of CBDC
CBDC is a new form of currency. Different from cryptocurrency, it has all the basic functions of currency and may have more functions in the future. Considering some of its challenges, the Bank of England is still discussing with the government whether to issue CBDC
Investing Strategies for First-time Investors
There's nothing better than a flexible investment strategy. It's possible to alter your decision if it doesn't fit your risk tolerance or schedule. Be aware, though, that it can be pricey to do so. There is a cost associated with every purchase. Selling assets can also result in a profit on the item's sale. These gains are taxed, which means they'll cost you more money.
