ALL >> Insurance >> View Article
Insurance The Most Important Factor

AN IMPORTANT CLAUSE THAT NEEDS TO BE CONSIDERED IS WHETHER OR NOT THE TERMS AND CONDITIONS OF THE POLICY CAN CHANGE, EVEN AFTER YOU HAVE TAKEN OUT THE POLICY
Group Insurance
Group insurance is a pooled insurance product that is offered by a super fund or employer to a group of people. Often, people will hold a default level of group cover via their industry super fund.
Retail Insurance
Retail insurance is a fully underwritten policy that is distributed to customers through intermediaries such as financial insurance advisers. The application is typically a lot more thorough and individually specific.
As Group Insurance is a ‘pooled’ type of insurance, the definitions in the terms and conditions are not typically tailored for each individual. This allows the insurance company to change their terms for a product, which will affect anyone with that product. They have the ability to do this anytime, meaning that your terms and conditions may be changed without you knowing.
Retail Insurance on the other hand, works differently. ...
... Once you have agreed to a policy, the terms are ‘locked’ and cannot change. The terms and conditions of retail insurance tend to be more comprehensive and allow for more flexibility.
Life Insurance:
Why Do I Need It? Life insurance….
It’s one of those things that may be uncomfortable to think about or discuss. After all, who really wants to think about their own demise – be it untimely or natural? The reality is that is you pass away, your loved ones could face a massive financial burden. As the old saying goes: “nothing in life is certain, but death and taxes”.
When should I buy life insurance?
The bottom line is that “you never know”. When you have dependents and loved ones, you need to take their needs into consideration. If you die, you who will cover the cost of your funeral?
Who will pay the loan on your property?
If you are the sole income source in your family, how is your partner going to support themselves after you pass away?
Life insurance is one of those necessary things in life that nobody likes to think or talk about. However, having a policy goes a long way for peace of mind. If anything happens to you, your loved ones will be taken care of.
Add Comment
Insurance Articles
1. Behind The Music - The Musical Instrument Repairers Who Keep Tours AliveAuthor: victor12johnson
2. Why Wealth Management Companies Are The Secret Sauce To Financial Success
Author: Drishti Desai
3. Protecting Your Passion - Essential Tips For Touring Musicians
Author: micheljordan4
4. Caring For Your Flute: Maintenance Tips Every Flutist Should Know
Author: musicinstrumentsins
5. The Social Media Effect: How Short-form Music Videos Are Beneficial For Musical Instrument Retailers
Author: victor12johnson
6. Assurekit Is Changing The Insurance Game—here’s How Your Business Can Benefit
Author: Gaurang
7. How To Compare Private Health Insurance In The Uk: A Comprehensive Guide
Author: Finance Advisors
8. Orchestras Meet Tech - How Virtual Reality Is Transforming Classical Music Performance
Author: micheljordan4
9. Why Private Healthcare Insurance In The Uk Is Becoming More Popular
Author: Finance Advisors
10. The Comeback Of The Clarinet - Why Gen Z Is Rediscovering This Classic Instrument
Author: musicinstrumentsins
11. Nyc’s Top 5 Recording Studios You Need To Know About
Author: victor12johnson
12. How To Find A Health Insurance Broker In The Uk You Can Trust
Author: Finance Advisor
13. What To Look For In A Health Insurance Plan If You Are Buying After 50 In The Uk
Author: Financial Advisor
14. Why Viola Insurance Is Essential For Professional And Amateur Musicians?
Author: micheljordan4
15. Top 5 Most Famous Bassoon Players Of All Time
Author: musicinstrumentsins