A life insurance policy is an agreement between you and an insurance provider where your provider guarantees to pay out an amount of money to your beneficiaries in the event of your death. In exchange, you pay the premium throughout a certain period of time in your lifetime
A life insurance then serves as financial protection for your loved ones. To a certain level, it gives you peace of mind that you know you have monetary support to leave them when you pass on. The healthier and younger you are, the better the premiums offered by insurers. So, what about individuals who were diagnosed with cancer?
Life Insurance For Individuals With Cancer
A cancer diagnosis would mean a challenging time for you as well as your family, however this doesn’t mean you aren’t qualified to secure a life insurance. But, looking for policy and the right insurance provider may be a challenge, confusing and laborious.
The Insurance Surgery is one of the top insurance brokers in the industry and have helped individuals with preexisting conditions which includes all types of cancer to secure the best life insurance from the best insurance providers – https://www.the-insurance-surgery.co.uk/medical-conditions-life-insurance/cancer-life-insurance/
With their years of experience as well extensive and expert knowhow in medical underwriting, they are aware of the numerous factors to consider so as to be able to find the right coverage that will match your needs at the best rate possible. Furthermore, they could also assist you in securing travel insurance as well as other financial products you might need.
Whether or not you have preexisting conditions, a life insurance is really something to consider especially if you want to leave monetary support to your family when you’re no longer around to provide for them financially. Visit https://www.the-insurance-surgery.co.uk/medical-conditions-life-insurance/cancer-life-insurance/ to find out more.
Insurance Stocks – An Excellent Addition To An Investor’s Stock Portfolio
When it comes to investing, insurance stocks could make an excellent addition to the stock portfolio of any investor as the insurance business does have the potential to generate decent long-term returns. For one reason, the insurance business not only works in strong economies but also during recessions, as well as anytime in between.
To evaluate insurance stocks, the most standard metrics will do like net margin and return on equity. But there are three profitability metrics that is insurance-specific which you have to look into before you start investing:
This is the percentage of the premiums that have been paid out as claims by the insurance provider. For instance, if a provider was able to collect $100 million in premiums and pays out claims worth $65 million, the loss ratio of the provider is 65%.
This is the insurance provider’s percentage of premiums spent to run its business, this may include office equipment and supplies as well as salaries of employees. For instance, an insurance provider with a collection of $100 million in premiums and business expense of $25 million has an expense ratio of 25%.
This is the loss ratio and expense ratio combined. For instance, an insurance provider with a premium collection of $100 million and combined losses and expenses of $90 million would have a 90% combine ratio. A combined ratio below 100% displays an underwriting profit as well as an indication of good risk management.