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In Nsurance

The document discusses life insurance and health insurance benefits for couples, explaining that life insurance can help a surviving partner pay financial commitments like a home, while health insurance covers treatment costs. It also defines personal, property, and liability risks, and advises the couple to consider term life insurance if they need coverage but not necessarily death protection, as it provides benefits for a temporary period.

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Kazeem Owoyemi
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54 views2 pages

In Nsurance

The document discusses life insurance and health insurance benefits for couples, explaining that life insurance can help a surviving partner pay financial commitments like a home, while health insurance covers treatment costs. It also defines personal, property, and liability risks, and advises the couple to consider term life insurance if they need coverage but not necessarily death protection, as it provides benefits for a temporary period.

Uploaded by

Kazeem Owoyemi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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KINDLY ADVISE THE COUPLE ON THE DEFENSES TO A PRODUCT LIABILITY

Firstly, you need to understand that being insured does not mean that you might be compensated if you
are default, there are rules which guide an Insurer from being insured, Insurance is a very good cover for
unforeseen circumstances and future plans as you work and earn a living irrespective of your profession,
what is frightening about insurance is that some people choose to ignore it. While we all hope that
"nothing will happen to me," relying on hope to protect your future earning power is not a good idea.
Instead, choose a disability policy that provides enough coverage to enable you to enjoy your current
lifestyle even if you can no longer continue working.

THEY HAVE BEEN HEARING ABOUT INSURANCE AND THEY WOULD LOVE TO KNOW THE BENEFITS AND
FUNCTIONS. KINDLY INTIMATE THEM WITH THIS FUNCTIONS.

They are different Benefit which might suit your needs depending on your choice either for benefit of
your kids, housing, Finance or your retirement,

Life insurance policies for couples

Life insurance can help your loved ones deal with the financial impact of your death. For example, a life
insurance policy may help your surviving partner or children pay for long-term financial commitments,
such as paying for a home. Life insurance plans vary and are largely dependent on the requirements of
the insured.

Health insurance for couples

In case of Health challenges insurance can help you cover for the treatment as long as you have insured
for Health Policy. If you have health insurance through your workplace, you need to add your partner to
your plan. This will save you from spending money on insurance you may not need.

THEY WANT YOU TO EXPLAIN WHAT YOU UNDERSTAND BY RISK AND IT'S DIFFERENT TYPES.

Personal risk is any risk that can affect the health or safety of an individual, such as being injured by an
accident or suffering from an illness.

Property risk is any risk that can cause a partial or total loss to property, such as theft, fire, or so-called
"acts of God".

Liability risk is the personal or business risk associated with being found liable to another because of
negligence or willful acts that caused a loss to another's property or person

THE COUPLES BELONG TO A SCHOOL OF THOUGHT THAT THEY CAN'T DIE EARLY IN LIFE. HOWEVER,
THEY BELIEVE THEY STILL NEED LIFE INSURANCE BUT NOT NECESSARILY A DEATH PROTECTION. WHAT
WOULD BE YOUR ADVICE TO THEM?
My advice for the Couple is to choose a Term Life Insurance which allowing you to buy a lot of coverage
for less money. However, it will only be for period of time. Depending on the policy term you select, that
could be anywhere from 5, 10, 15, 20, 25, and even 30 years. How do you know if term is right for you?
By considering how a temporary life insurance policy could provide you with the benefits that you may
need today, as well as in the future.

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