Insurance

Insurance | Britannica

Insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk. Its primary function is to substitute certainty for uncertainty as regards the economic cost of loss-producing events.

Insurance relies heavily on the “law of large numbers.” In large homogeneous populations it is possible to estimate the normal frequency of common events such as deaths and accidents. Losses can be predicted with reasonable accuracy, and this accuracy increases as the size of the group expands. From a theoretical standpoint, it is possible to eliminate all pure risk if an infinitely large group is selected.

From the standpoint of the insurer, an insurable risk must meet the following requirements:

1.

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America’s Most Recognized Supplemental Insurance Company

Individual coverage is underwritten by American Family Life Assurance Company of
Columbus. In
New York, coverage is underwritten by American Family Life Assurance Company of New
York.

Worldwide Headquarters | 1932 Wynnton Road | Columbus, GA 31999

†One Day PaySM is available for certain individual claims submitted
online
through the Aflac SmartClaim® process. Claims may be eligible for One Day Pay
processing if
submitted online through Aflac SmartClaim®, including all required documentation, by
3 p.m.
ET. Documentation requirements vary by type of claim; please review requirements for
your
claim(s) carefully. Aflac SmartClaim® is available for claims on most individual
Accident,
Cancer, Hospital, Specified Health, and Intensive Care policies. Processing time is
based on
business days after all required documentation needed to render a decision is received
and no
further validation and/or research is required. Individual Company Statistic, 2019.

‡ “2018
Aflac
WorkForces Report
“.

*The information provided

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Auto, Home, and Life Insurance

* Savings are based on our 2018 countrywide research of new call center customers’ annual average savings in 2017. Statistics do not reflect sales of the product sold on MetLife Auto & Home MyDirect®

Like most group benefit programs, benefit programs offered by MetLife and its affiliates contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Please contact MetLife or your plan administrator for complete details.

Disability insurance is issued by Metropolitan Life Insurance Company on IDI2000-P/NC, IDI2000-P/NC-ML, IDI2000-P/GR, AH 5-88, AH 6-90, AH 7-96-CA, AH 8-96-CA and IDIP12-01-IDIP12-05, IDIP12-08. April 2014 All policies, riders and provisions may not be available in all states, at all issue ages and to all occupational classes. Ask your representative for complete details. Eligibility is subject to underwriting approval. For policies issued in New York: These policies provide disability income insurance only. They do NOT provide basic

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definition of insurance by The Free Dictionary

AN Insurance Agent was trying to induce a Hard Man to Deal With to take out a policy on his house.
INSURANCE AGENT: My dear sir, that is a fine house — pray let me
Didn’t you once say that whatever ship Ahab sails in, that ship should pay something extra on its insurance policy, just as though it were loaded with powder barrels aft and boxes of lucifers forward?
The Manufacturer, seeing that he could get no labour for a long time and finding the times pretty hard anyhow, burned down his shoe factory for the insurance, and when the strikers wanted to resume work there was no work to resume.
Out of fear for the welfare of their families, men devised the scheme of insurance. To us, in this intelligent age, such a device is laughably absurd and primitive.
What was there to prevent her from
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Insurance Quotes – Compare Auto,Health,Home and Life Insurance

You don’t have to be an expert to get a good deal on your insurance premiums — that’s what we’re here for. Whether it’s auto, home, life or health insurance, and no matter what stage of life you’re in, we can educate you on how insurance works to protect you, your family and your assets. We also break down how pricing works, explain how much insurance you need for your particular situation and guide you through the buying process so you can be sure you’re getting the best deal on the right policy.

1

Compare multiple companies When you’re shopping for insurance quotes to find the best rates, and best fit for your family’s needs, you need to obtain free insurance quotes from multiple companies. Our experts say always choose three or more to compare.

2

Compare apples to apples when getting insurance quotes You always want to compare identical

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Anthem Health Insurance, Medicare, & Group Health Plans


Not connected with or endorsed by the U.S. Government or the federal Medicare program. The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent or insurance company.

Once enrolled into your Medicare Supplement insurance plan, your coverage is guaranteed for the life of the plan with only two exceptions/restrictions: nonpayment of premiums, and material misrepresentation.

Anthem Blue Cross and Blue Shield is the trade name of: In Colorado: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc. In Connecticut: Anthem Health Plans, Inc. In Georgia: Blue Cross Blue Shield Healthcare Plan of Georgia, Inc.and Anthem Insurance Companies, Inc. (AICI). In Indiana: Anthem Insurance Companies, Inc. (AICI) and Community Insurance Company (CIC). Medicare Supplement Plans A, G & N are offered by AICI and Plan F is offered by CIC. In Kentucky: Anthem Health Plans of Kentucky, Inc.

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Car Insurance Quote | The General Car Insurance

Car Insurance Quotes

If you’re looking for affordable car insurance quotes, you’ve come to the right place. The General® takes pride in giving online insurance quotes quickly, and in most cases, around two minutes. It’s that fast and easy.

Best part is, our auto insurance quotes are completely free. So if you like our rates (and we’re pretty sure you will), simply purchase your policy online and we’ll provide you with immediate proof of car insurance.

Heard enough? Get your free online car insurance quote now.

Receive a Car Insurance Quote in 2 Minutes or Less

A car insurance quote from The General® requires no personal information (your name, phone number, street address, etc.) to provide an accurate car insurance quote. Once you receive your anonymous auto insurance quote, there is absolutely no commitment on your part. You can save your auto insurance quote online at any

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Insurance Definition

What Is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

Understanding How Insurance Works

There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.

Businesses require

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insurance – AOL Video Search Results

Yahoo!

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Insurance – Wikipedia

An advertising poster for a Dutch insurance company from c. 1900–1918 depicts an armoured knight.

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

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