• insurance marketplace

    Insurance Marketplace

    In the United States, having health insurance is a necessity of life. It’s important for ensuring access to the regular preventative care that maintains good health as well as to avoid potentially catastrophic debt during a health crisis. It’s also, of course, the law. Since the implementation of the Affordable Care Act in 2012, all Americans have been required to have health insurance or pay a penalty for noncompliance. Finding a plan that fits your needs and budget can feel like a complicated task...
  • insurance

    Insurance Definition

    Insurance is a formal agreement bound by law whereby a party is assured of future financial security or repayment/refurbishment in case of unexpected damage by an insurance company. To help reduce the payment load from their customers, the companies use risk pools to lessen the cost. In case damage occurs to the insured product, there are laws put in place to shield the individual or business from financial breakdown as a result of the damage. Types of Insurance Insurance companies have worked to develop...
  • insurance

    Types of Insurance

    What Is Insurance? Insurance refers to a contract represented by a policy where an individual or entity is set to get reimbursement or protection against losses in exchange for constant payouts known as premiums. There are generally two types of insurance businesses, namely personal insurance and general insurance. Personal Insurance Personal Insurance refers to cover against personal harm that may occur as a result of accidents, maladies, and death. This, therefore, means that personal insurance is effectively subdivided into different categories, such as life...