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An annuity is a financial product that offers a guaranteed stream of income for a specific period or for life. It is a contract between an individual and an insurance company, where the individual makes a lump-sum payment or a series of payments, and in return, the insurance company promises to make regular payouts to … Read more

Fire insurance policies are designed to cover losses resulting from fire damage. There are different types of fire insurance policies that businesses can purchase to cover their losses caused by fire. In this article, we will discuss the 16 types of fire insurance policies that insurance companies provide. The fundamentals of fire insurance policies include … Read more

Insurance is a risk management tool that offers protection to individuals and businesses against financial losses. Insurable risks are the types of risks that can be covered by an insurance policy. However, not all risks can be insured, and only those risks that meet certain criteria can be considered insurable. In this article, we will … Read more

4 Differences Between Insurance and Assurance Insurance and assurance are two terms that are often used interchangeably, but they are not the same. Understanding the difference between insurance and assurance is important for anyone who wants to protect themselves against financial loss. While both insurance and assurance provide financial protection, they differ in terms of … Read more