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Insurance And Worker Benefits

Annuities and pensions that pay a benefit for life are generally regarded as insurance in opposition to the possibility that a retiree will outlive his or her financial assets. In that sense, they are the complement of life insurance coverage and, from an underwriting perspective, are the mirror image of life insurance. Float, or available reserve, is the amount of cash on hand at any given second that an insurer has collected in insurance premiums but has not paid out in claims. Insurers start investing insurance coverage premiums as quickly as they are collected and proceed to earn interest or different revenue on them until claims are paid out.

Group time period life insurance coverage is life insurance provided as an employee profit. Often a base amount is roofed at no cost, with the choice to add extra. Life, health, owners, and auto are the most common forms of insurance coverage.

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