noun
1.
A Deductible is the amount of money a policyholder must pay out of pocket before any insurance payments are made. For example, if repairs to a personal vehicle cost $1,000, but the Deductible on that Policy is $500, the policyholder must pay $500 toward the repairs before the insurance company covers the other $500.
Getting Life Insurance before 40 isn’t as uncommon as you think. Find out why this can be a super smart decision for just about anyone.
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.