Social insurance is an insurance program that provides protection in case you face any sort of economic risk. This could be in the form of a decrease in income due to old age, sickness, or unemployment. It is a type of social security and in fact, at times people use these terms interchangeably. Another way …
If you haven’t heard about the term reinsurance, you might only know about the insurance given to individuals and other companies. Reinsurance, on the other hand, is completely different. It is known as insurance for insurers that means insurance companies are getting benefits. It is the practice where the insurers transfer their portion of risk …
Insurance is an arrangement with an insurance company where you pay premiums on regular intervals. In return, the insurance company agrees to cover the loss due to an unfortunate event. For example, you meet with an accident while driving your car. Now, the insurance company will cover the charges for its repair or even replace …
Before we start discussing differences between the Home Equity Line of Credit and Home Equity Loan let us get some idea about it. Home equity loan and home equity line of credit are two financial instruments that can be taken against your existing home equity. They are usually taken to improve your financial position. But …
We all know about the Home Loan. Don’t we? Reverse Mortgage is exactly the opposite of Home Loan. In a home loan, first, you take a large sum of money from the bank at the beginning of the home loan tenure to buy a house. At that point in time, the bank fully owns your …