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Is the purpose for life insurance to provide protection against financial loses?
Wiki User
∙ 7y ago
Life insurance policy covers protection against loss of lives only and not against any financial losses incurred whatsoever.
Wiki User
∙ 7y ago
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What is the goal of term life insurance?
The goal of term life insurance is to provide the right amount of protection against the financial risks associated with death over a finite period of time and for the lowest possible price.
What companies offer mortgage disability insurance?
When you buy a home and want security protection to go with it, there are many financial institutions provide the security and the protection you need. The Bank of Montreal, TD Canada Trust and CIBC all provide disability insurance.
What kind of protection does property insurance provide?
It provides protection against damage or theft to items on your property. If something like a fire happens at your residence and damages your property, property insurance covers that.
Life insurance means?
Life insurance is a contract between an individual and an insurance company that provides a sum of money to named beneficiaries upon the death of the insured. This financial protection is designed to provide financial security for loved ones in the event of the policyholder's death.
What are the theories of social protection?
Some theories of social protection include the social risk theory, which focuses on the idea that social protection should mitigate the risks individuals face in society; the social insurance theory, which emphasizes the role of insurance mechanisms to provide financial protection against social risks; and the redistributive theory, which argues that social protection should aim to reduce inequalities in income and wealth through social programs and policies.
Does NFU Insurance also provide investment services?
"James Craig is the Financial Consultant for NFU Insurance. He offers pension, protection, and investment services. If necessary, it is possible for NFU to put someone in contact with a Corporate Financial Consultant as well."
What kind of protection do environmental insurance plans provide?
Environmental insurance protects (mainly) businesses against loss from breaking environmental regulations or causing environmental damage.
How can supplemental insurance provide better financial security for your family?
how supplemetal insurance provide better financial security for your family is by contacking the financial security places that will help you and your family out.
Which companies provide loan payment protection insurance?
There are many companies that provide loan payment protection insurance policies. Some examples are Farmers Insurance, Cherry Creek Loans, and Ask's website.
What can fuses not provide protection against?
Fuses do not provide protection against ground faults. Protection against a ground fault can be provided by breakers. If a fuse blows, it has to be replaced. If a breaker is tripped to off due to a surge in electrical current, the breaker can be reset.
It is not important for people to drive with auto insurance.?
No. I would say the statement is certainly incorrect. Auto insurance is essential as it would provide financial protection in case of unforeseen accidents and auto damage. It would provide protection from accidents caused by falling objects, vehicles, fire, or theft. That is why it is better to be secured as the future is unseen and unpredictable.
Do you have to have car insurance?
You have to have car insurance which is a legal requirement and with the right level of cover, provides financial protection in the event of your vehicle being damaged. It will also provide cover for injuries to other drivers, passengers or pedestrians, and their property.
