An Agent typically represents a single insurance company (a captive agent) or multiple companies (an independent agent) and sells their products. Their loyalty is primarily to the insurer. A Broker represents… The Role of the Agent vs. The Broker
Certain forms of permanent life insurance (like Whole Life or Universal Life) have a cash value component that can grow over time. A portion of the premium is invested, allowing the policyholder… Insurance-Linked Investment Products
Quick Wins Fade — Steady Progress Stays Everyone wants financial freedom, but few are willing to wait for it.In a world of instant results, real wealth feels slow — and that’s why most people give… The Long Game: How Patience Builds Unbreakable Financial Freedom
This is “insurance for insurance companies.” Insurers buy reinsurance to transfer a portion of their highest risks to another insurance company (reinsurer). This protects the original insurer from massive losses from catastrophic… Reinsurance
Underwriters are the risk assessors. They evaluate the applications for insurance to determine whether to accept the risk, and if so, what coverage limits and premiums to charge. Actuaries are specialized professionals… Underwriting and Actuarial Science
An exclusion is a specific peril or loss circumstance explicitly not covered by the policy. An endorsement (or rider) is an amendment or addition to the basic policy that modifies its coverage,… Exclusions and Endorsements
A crucial component of many policies (auto, home, business) that protects the insured against financial losses if they are found legally responsible for injury or damage to another person or their property.
A fundamental requirement stating that the policyholder must have a legitimate financial stake in the property or person being insured. They must stand to suffer a financial loss if the insured event occurs.
For most types of insurance (like home or auto, but generally not life insurance), this principle ensures that the insured is compensated for the actual amount of the loss, no more and… Principle of Indemnity
For most types of insurance (like home or auto, but generally not life insurance), this principle ensures that the insured is compensated for the actual amount of the loss, no more and… Principle of Indemnity