Insurance companies offer a service. Basically the company will pool risk among a number of people, so that by everyone sharing a manageable part of it, then those who actually suffer that risk can be compensated and not be left in a catastrophic financial situation.
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How do life insurance companies make money?
September 2nd, 2010Can I surrender a life insurance policy?
September 1st, 2010Life insurance policies may sometimes stop being worth the premiums paid, at least from the policy holder’s perspective. This can often be the case when there has been a sudden change in family circumstances.
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Is it possible to get a life insurance policy after you learn you have a serious condition?
August 31st, 2010Purchasing a life insurance policy can be difficult for an applicant who has a serious disease. However, this doesn’t mean no life insurance is available.
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Life insurance and superannuation funds
August 30th, 2010Many people will put their life insurance into superannuation funds as there are tax advantages in doing this. However, there are some limits to the life insurance that can be a problem for life insurance providers.
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What happens if you have two life insurance policies?
August 28th, 2010Life insurance can sometimes be confusing, and one of the more common questions on the subject is what happens when a person has more than one policy.
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