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Life insurance death benefits may be distributed in various ways, such as lump sum, installments or an annuity. Some permanent policies also feature cash value accumulation and nonforfeiture provisions. Policyholders often name a beneficiary who will receive the death benefit when someone passes. This enables heirs to pay outstanding debts, funeral costs and taxes before […]

Insurance companies process thousands of claims every day, and it is essential that their systems are efficient and accurate. Developing an effective insurance claims processing system requires careful consideration of the various data sources that need to be connected, as well as the customer journey from filing a claim to receiving a payment. In this […]

Insurance is an essential part of life, helping to protect you and your family from any financial losses you may experience due to unforeseen events. Knowing which insurance companies are the largest can help you make an informed decision when choosing your coverage. In this blog post, we will take a look at the largest […]

It’s often a puzzle to me, as an insurance agent for many years. Why don’t people buy sensible protection? Why not “self-insure” large risks instead of purchasing affordable protection? Here are my top 10 reasons people don’t purchase insurance. 1. It is not necessary. Although you may be required to purchase insurance by a bank loan, business contract […]

Title insurance is an important tool for property buyers and homeowners who want to protect their investment against potential title defects. But, can you choose your own title insurance company? While there are some instances where you can choose your own title insurance company, it is not always the case. This article will discuss the […]

Mutual insurance companies have long been a staple of the insurance industry, offering customers protection and access to risk management solutions. But with the rise of new business models that are rapidly transforming the sector, many organizations are turning to mutual insurance holding companies (MIHCs) as a way to drive growth. So what is an […]

Have you ever been in a car accident, only to find out that the other driver’s insurance company is dragging their feet? It can be an incredibly frustrating situation, and one that many drivers have experienced. Unfortunately, dealing with insurance companies isn’t always a simple process; they don’t always work quickly or efficiently. So what […]

Most successful businesses are involved in risk management at some point. Assessing and managing risk can be done in a number of ways. It is an integral part of most businesses’ basic planning. No matter your business, no matter who you may be, avoid risk management is risky. Why insurance exists in first place It is important to […]

Professional Indemnity Insurance Your professional indemnity insurance covers you against legal liability for any losses that your customers suffer as a result your negligent advice. Legally, professional indemnity is required for certain professions such as accounting, law, and financial services. It is also common in other areas, such as publishing, management, computer consultancy, engineering, and design. A professional […]

How much a funeral costs can be affected by the type of burial you choose. While the median national funeral with a viewing and burial costs $7,640, average funeral costs skyrocket past $9,000 when you include a vault. Because most funeral homes are able to handle cremations in-house, an average cremation costs only $350. The National Funeral Directors Association (NFDA), […]