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.
Business owners may be able to protect themselves from the financial consequences of losing a key employee.
Umbrella liability can be a fairly inexpensive way to help shelter current assets and future income from the unexpected.
Life is constantly changing, and so are your life insurance needs. Check out the 5 stages and how they change your take on Life.