a. They charge low premiums because the loss exposures of their insureds are thoroughly assessed before a policy is written.…
The family’s breadwinner’s income should be protected by insurance because it provides financial protection for dependents and from creditors, tax benefits and a basis for savings.…
Depending on the needs of the employees and the company, it is important that the type of coverage match those with respect to what the company considers fair compensation as coverage.…
Insurance plays a big role in risk management for a personal financial plan. Outline an insurance plan for various stages of life. Specifically address the following required elements:…
Summary statistics reported by the Federal Reserve staff report on shadow insurance, which can be found Table I, highlight differences between life insurers not using shadow insurance and those that are (Koijen & Yogo, 2016). While there were far more insurers not using shadow insurance than those that did in 2012, 443 and 78, respectively, those using shadow insurance had 48 percent of the market share in both life insurance and annuities. Liabilities of those using shadow insurance were 317 percent more and current liquidity was 78 percent less than those not using shadow insurance. Even with greater liabilities and less liquidity, A.M. Best, the main rating agency for insurance companies, on average gave life insurers using shadow insurance…
Each group acts as an insurance company. You are required to offer an insurance policy to our entire current Health…
According to the Small Business Administration (SBA), businesses with employees are required to maintain certain types of insurance. Each state may have different requirements, so it is important to speak with your attorney or tax advisor to determine what is necessary for your business. Let’s take a look at the three key legal insurance requirements:…
Do you know why associations fix diverse cost for their insurance procedure spread? They have distinctive rules and costs. For as long as ten years clients were not ready to effectively gain the rules through the web, now insurance quotes can be gotten effortlessly through sites which help people, families or business visionaries.…
2. You should look for an insurance company with good customer service. It is advisable to choose a company with a large network…
Americans spend more per capita on healthcare than any other country in the world (OCED, 2013). However, there are still Americans that go without health insurance. Some Americans are uninsured because they choose to be, not because they can’t afford to be, known as the “voluntarily uninsured”. While those that are uninsured because they cannot afford insurance are known as the “involuntarily uninsured”. There are also different healthcare payers; government payers, such as Medicare, Medicaid, and Tricare, and the privately insured. Each group has their own set of characteristics which majorly define them, or which they majorly define. Carefully examining some of the characteristics of each group help to determine other characteristics, such…
individual more because of his or her condition. Once you get insurance, there cannot be a…
One of my weaknesses is being a charismatic leader, most of the employees say that if I leave the insurance agency it would fall apart. Sometimes I feel as though I can do no wrong and I am to important to the agency to be let go. I need to cross train more, I am the only person in the agency that is an expert in manufacturing risks and the only person that is an expert in surety bonds. This puts the agency in a very volnerable situation and if I should be removed or leave the agency it would be hard to replace my knowledge and expertise. (Team)…
Payment expectations of government-assisted health insurances, such as Medicaid, are reimbursed through co-pays, and premiums (“Medicaid Payment Expectations, “ n.d.). As mentioned before, payment expectations will vary by state but should not be much different. Co-pays are the rate at how much is to be paid for the services or a prescription a patient will be receiving (“Medicaid Payment Expectations,” n.d.). Co-pay rates are rates that are agreed upon by the Medicaid program and type an individual has.…
Saver, B.G., & Doescher, M.P. (2000). To buy, or not to buy: Factors associated with the purchase of non- group private health insurance. Medical Care, 38, 141-151.…
Health Plans This includes individual or group health plans that provide or pay the cost of…