Protect Your Income with Insurance

March 17, 2011 | By archives | Filed in: Blogging.

Protect Your Income with Insurance: Money is very important to do any kind of financial transaction today.

How could you buy your daily bread if you do not have enough money in your purse?

How could you pay any bills if there is no money in your savings?

You of course could not pay your kids’ education payment without enough monthly earnings. That is why you work hard at the office so you could get enough salary to continue your life in a month.

Protect Your Income with Insurance

Protect Your Income with Insurance

However, your job probably could not last forever. There are many reasons why you could not get your monthly earnings anymore.

You may get an accident so you could not continue work hard to get the money for your family. Maybe you could lose your job because financial situation today is very unpredictable.

If you are the only one who get earning in your family, how could you make sure your family would survive? You could actually if you take insurance for your income. This would help your family in their most difficult time without you.

Based on wiki Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate (indemnity) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.

However, before you take any decision to take this, you need to learn deeply about it. You have to make sure that you could afford the premise that you must pay.


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