Insurance is appropriate when you want to protect against a significant monetary loss. Take life insurance as an example. If you are the primary breadwinner in your home, the loss of income that your family would experience as a result of our premature death is considered a significant loss and hardship that you should protect them against.
Monday, February 14, 2011
What is the free look provision? - Insurance
The free look provision is a period of time immediately following the issuance of a life insurance policy, between 10 and 30 days, during which you may legally cancel your policy with a full refund based. The free look period differs depending on the terms of your life insurance contract or the laws in your state.
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