Sentences with phrase «fundamental purpose of insurance»

The fundamental purpose of insurance is to protect against and manage risks that can't otherwise be borne by an individual, from homeowner's insurance to protect against the risk of a disaster to the home, to permanent life insurance to protect against the financial impact of an untimely death.

Therefore, the fundamental purpose of insurance regulatory law is to protect the public as insurance consumers and policyholders.

Not exact matches

Protecting your family is the fundamental purpose of life insurance.

The fundamental purpose of buying any insurance product should be to manage your financial risk.