Welcome to the world of insurance, where policies and numbers come together to protect you and your assets. If you’ve ever looked at your insurance card, you may have noticed a series of numbers and information printed on it. One of the most important numbers displayed is the policy number...
It is important for insurance companies to include their NAIC number on their website, marketing materials, and policy documents to provide easy access to this information. Moreover, the NAIC number is often used in regulatory filings, such as annual financial statements, statutorily required ...
The main benefit of a declarations page is that it summarizes your insurance coverage and conditions without you having to read your entire insurance policy. Of course, we recommend reading your policy before you sign it, but if you need a quick reminder of your coverage, the declarations page...
The insurance declaration page is part of your policy. You will get it once your policy is issued. It comes after the binder of insurance and should have the same data that was sent to you in the binder of insurance. Despite the name, the document may be longer than a single page. De...
Learn about the IRS 1099 Form: See what it's for, who gets it, how to fix mistakes, the different kinds, and why e-filing makes it easier.
A life insurance policy is only as good as the financial strength of the life insurance company that issues it. Investopedia / Theresa Chiechi Types of Life Insurance Many different types of life insurance are available to meet all sorts of consumer needs and preferences. Depending on the short...
Your car insurance policy number is a unique identifier issued by your insurance carrier. You can find it on your insurance ID card and declarations page.
As with universal life insurance, IUL policies have adjustable premiums. You can underpay or skip premiums, plus you may be able to adjust your death benefit. What makes IUL different is the way the cash value is invested. When you take out an indexed universal life insurance policy, the...
You likely know that the Federal Deposit Insurance Corporation (FDIC) insures bank deposits, but what if you use a credit union? Don’t worry—your money is still insured by the National Credit Union Administration (NCUA), an independent federal agency regulating credit unions. And the best ne...
What is proof of delivery or proof of shipment? Proof of delivery refers to online or physical documentation from a shipping company that includes: The date of delivery and a “delivered” status of the item or service. The recipient’s name and address that matches what’s shown on the Tr...