noun
1.
Risk is the likelihood that an insured event occurs, that is, an event in which the insurance company is likely to pay out a Claim. Insurance companies use Risk when determining whether to insure a home, car, or individual, and when setting Premiums. People with lower Risk generally pay lower rates, and people with higher Risk generally pay higher rates.
Life insurance is more than a savings account for your loved ones. Learn the ins and outs of this valuable financial asset and see why it is important no matter your age.
Dive in deep to learn about the various types of annuities, how they work, and when they might be right for you.
Selecting a mortgage isn't an easy process. Get a better understanding of how professionals make the right decisions.