Okay, my wife and I are looking at life insurance policies. We have decided on getting $100K for me and $25K for her. (We are both in our thirties, and work full-time.)
I have blue cross blue shield from Ford Motor Company where I work..I went out of the country and had to be hospitalized I ad to pay about 5,600 dollars and theyre suppose to pay me that money back.....
Many people say that you should not own your policy & that it should be in a trust so that it is not part of your estate. But, when you die, it is not in your estate, it goes to the bene right?<...
I have had united health care my whole life. My mother and I have it because she is disabled, so we dont pay anything. I heard that i will be covered by it until I am 19. What I am wondering is when I...
I have recently bought health insurance. I haven't abeen to a dr in 16 years since my son was born. My husband and I could never afford health insurance. I am scared to go to the dr because ...
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
JasonLee
Insurance is paying a company for accepting certain risks for protecting something against financial loss. Car insurance for example, one risk could be theft, financial loss or economic value to insured is cost to replace car. Another example, home insurance, one risk is fire, financial loss to insured is cost of reinstating to condition of home before the fire. For life insurance, how would you define the economic value? (Just to test yr understanding :)
Bob
Here is an example of how insurance provides economic value. Lets take the eastcoast shoreline or brush areas in California. Because of potential hurricane and fire threat developers need insurance to protect their assets. There would be no substantial business or homeowner investment if developers had no way to recoup their investment after a loss. This is the reason the state and federal government developes or underwrites insurance plans ( Fair Plan, Flood Insurance) for for high risk regions of the country when private companies refuse.
Stubertsg
Insurance = Investment
holdon
Insurance is about risk, and how a person feels about risk.
in economics we are talking utility.
people who use insurance would get same or more utility getting less in return if they knew they would be protected, than facing an all or nothing situation
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
