Insurance firms often make a package of money by investment profits. The insurance provider takes the cash when an insurance client pays their monthly fee and invests in the capital markets to raise their profits. There is more money to bring into the insurer’s investment account and more gain...
Generally, insurance agents don’t lose money if clients make a claim. The responsibility of determining whether a claim is valid and paying out the benefits falls on the shoulders of the insurance companies. Agents, however, may lose more than just money if they are found to have engaged in...
A multi-step statement splits the business activities into operating and non-operating categories. The operating section includes sales, cost of goods sold, and all selling and admin expenses. The non-operating section includes other income or expenses like interest or insurance proceeds. How do yo...
Brokers represent insurance buyers and profit-based commissions can create a conflict of interest. They can motivate brokers to steer customers to insurers that pay the highest fees but are not necessarily the best option for the client. Some brokers don't accept incentive commissions. A number ...
All these questions may have perfectly reasonable answers, but sorting through them will help you understand what’s going on, and give you confidence that you know what you’re talking about when it comes to income statements. You do. Revenue minus expenses equals the bottom line. Everything...
The best insurers make forward-looking decisions grounded in data and analytics. Leaders do the hard work to structure a clear-headed approach to sustaining profitable growth, putting them in the best possible position to protect and maintain their results through the market cycle. Thes...
To get cheaper insurance you have to make yourself an appealing “risk”. Agree to pay a higher proportion of your claim. Fit an alarm, take advanced driving lessons, limit your mileage or vehicle use. Then you need to find the insurer that has the best experience with your driver group....
With each premium payment you make on a cash value life insurance policy, part of the money pays for the policy’s death benefit. Another part of your premium covers the insurance company’s operating costs and reserves. If you’re not using one of the dividend-paying whole life policies ...
How do you open a savings account? Can you lose money in a savings account? Are online-only savings accounts safe? How much will $10,000 make in a savings account? What’s the difference between a checking account and a savings account? Can you have more than one savings account...
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