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Why a person need to include insurance in their personal financial plan?
Wiki User
∙ 10y ago
Including insurance in personal financial plan is of paramount importance. A family is generally dependent for its food, clothing and shelter on the income brought in at regular intervals by the breadwinner of the family. So long as he/she lives and the income is received steadily, that family is secure, but should death suddenly interven the family may be left in jeopardy and sometimes, in stark poverty. Uncertainty of death is inherent in human life. It is this uncertainty, that is risk, which gives rise to the necessity for some form of protection against the financial loss arising from death. Insurance substitutes this uncertainty by certainty.
Wiki User
∙ 10y ago
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What is Personal Accident insurance?
A Personal Accident Insurance is an insurance which covers a person from accidental death and disablement. The disablements include permanent total disability, permanent partial disablement and temporary total disablement.
What is special about Key Person Insurance?
Key person insurance is an important form of business insurance. In general, key person insurance can be described as an insurance policy that is taken out by a business to remunerate that business for financial losses.
What personal influences are likely to affect the way a person parents?
Some of the personal influences that affect a person's parenting include religious beliefs, personal experiences during childhood and financial discipline. Parents tend to bring up a child according to various religious virtues that they hold.
If theOffice of Financial and Insurance Services has the discretion to grant an insurance producers license to a person with a prior felony conviction but fails to exercise discretion but denies all?
If theOffice of Financial and Insurance Services has the discretion to grant an insurance producers license to a person with a prior felony conviction but fails to exercisediscretion but denies all?.......................answer to this................If the Office of Financial and Insurance Services has the power to choose right decision to grant an ISL(insurance producers license) to a person who has commited any crime and been proved guilty of the samebut the Office of Financial and Insurance Services fails to make right judgment and also refuses everything.........
What is some basic information on personal trainer insurance?
It isn't the person hiring the personal trainer that actually needs the insurance. Personal trainer insurance is a liability insurance they can purchase to protect themselves and/or their business in case of something, such as injury, occuring with a client.
Who can help you with personal financial planning?
the best person to speak to about personal financial planning would be a financial advisor. I'm sure you could find one locally who would be able to help you with your situation.
I was driving a friend's car and got into an accident what do i say to the insurance investigator?
The insurance for the vehicle you drove will be primary, your personal insurance will be secondary. Be honest and give them the info for the person who owns the car, and your personal insurance info.
Where can one obtain a personal financial service online?
One can obtain a personal financial service from various websites like HumanServices and Woolworths. Both websites offer a great amount of financial services, including a person financial service.
Why would a person require Personal Accident Insurance?
A person needs personal accident insurance if they are young. It fills in a gap that other insurance doesn't cover from minor to major accidents. For instance a singer may lose their voice thereby losing their income.
What term refers to money that a person owes to someone or to a financial institution?
personal debt
Understanding Personal Liability Insurance?
Personal liability insurance is important standard homeowners and auto insurance policies do not cover claims against individuals that result from catastrophic situations or in legal decisions. Without this kind of insurance, every individual can encounter serious financial harm if they are ever found to be responsible for extreme injury or property loss. Most insurance agents have the ability to write policies for personal liability, so does he are interested in this type of coverage should ask the agent next as they review their policy. Before purchasing separate personal liability, the insured person should first make sure they have as much personal liability coverage through their automobile and homeowners insurance policies.
Can you insure another person for life insurance?
Yes, one person can obtain a life insurance policy on another as long as the policy owner has an insurable, financial interest in the life of the insured.
