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Insurance basics

Insurance vs uninsurance – risks are different, but the amount of risks?

Nothing comes for free, whether or not you get insured. If you get insured, you will have to pay a monthly or yearly premium. If you are insured, you will be stress free and will be covered for anything that can happen to you during the course of the year. As a result, you will have a peace of mind and will be able to live your life as if nothing can ever happen to…

Categories
Insurance basics

Insurance as an investment: The biggest scam

Majority of those who purchase life insurance were constantly bombarded with advertising proclaiming the benefits of this product. However, as is often the case with these types of advertisements, there is more to it than meets the eye. Insurance companies charge policyholders a premium at the time they buy a life insurance policy in order to cover the risk that they will die during those years while they are paying premiums. Insurance is paying money…