Sentences with phrase «risk for the insurance»

An insurance professional who evaluates a potential risk for insurance coverage.

As a former Fellow in the Society of Actuaries, I was in the vanguard of those trying to apply actuarial principles to risk management, both when I managed risks for insurance companies, worked for non-insurance organizations, and manage money for upper middle class individuals and small institutions.

Why are N.C. homes less of a risk for insurance companies?

More people typically translates into more risks for insurance companies (this is why insurance costs in cities are generally far higher than rates in rural areas).

Like in any insurance program, companies in the automobile insurance industry use actuaries to determine what is at risk for an insurance company when it supplies a customer with any type of insurance.

Those with poor credit history, bad driving records, or a history of making frequent claims each pose a risk for insurance companies; the good news is, there are several things you can do to lower the amount of risk you pose in the eyes of an insurance provider.

Jesse Bell, a research scientist at North Carolina State University's Institute for Climate Studies consults for the actuaries who gauge risk for insurance companies.

At the time of issue, the entire $ 100,000 is at risk, but as cash value accumulates, it functions as a reserve account, which reduces the net amount at risk for the insurance company.

The older you get, the higher your premiums will be as you will present greater risk for the insurance provider.

It is simply too big a risk for insurance companies to take with the standard homeowners policy.

Underwriting The process of evaluating risks for insurance and determining whether, and in what amounts and on what terms, the insurance company will provide an applicant with insurance coverage.

Because it's basically like a down payment that minimizes risk for your insurance company.

These challenges create risk for insurance providers, resulting in expensive quotes for homeowners.

High - risk drivers mean higher risks for insurance companies and higher rates for you if you have a less - than - stellar driving record.

Dangerous occupations represent much greater risk for insurance companies, and you are likely to pay for that risk with a higher insurance premium.

It's a safe assumption a policy worth $ 1 million will get more scrutiny than one of a lesser amount simply because it represents a greater risk for the insurance company.

Exclusions are kept in a policy to mitigate the most common and potential risk for the insurance company.

The fact is that as new drivers, teens are perceived to be a higher risk for insurance companies.

Therefore, young people are considered as low risk for insurance companies.

There can be scenarios where you're too unhealthy to insure because you're too much of a risk for an insurance company.

In the general insurance category, they can not procure and service products with a sum assured of more than Rs 5 crore per risk for all insurance.

If you enjoy riding a motorcycle or skydiving on the weekends, you're going to be a much higher risk for insurance coverage.

For example, heart attack survivors may, as a group, be a greater risk for the insurance company, but a specific heart attack survivor who has taken healthy steps to prevent future heart attacks and who is receiving high - quality medical care will likely be a lower risk to the insurance company.

The less you are from perfect health, the higher your life insurance premiums are likely to be because, again, the higher the risk for the insurance company.

So, greater the age of the person to be insured, greater the risk for the insurance company of a death during the term and a claim, and thus, higher premiums.

Again, it's a good idea to know what your driving record looks like so you'll have an idea of whether you're at risk for an insurance premium increase.

Finally, you might also want to think about getting a garage as vehicles that are stored in a garage are typically going to get lower rates, as these are the vehicles that present the least risk for the insurance companies.

This is because, statistically, young female drivers are less of a risk for insurance companies than young male drivers.

A flat extra is an additional fee that cushions the risk for the insurance carrier.

The impact of climate change on the economy will have an increased liability risk for insurance companies.

An insurance applicant who has a history of being late on bill payments and who often opens and closes savings or credit accounts could pose an unacceptable risk for an insurance company.

Car insurance is so expensive for young drivers mainly because they are statistically more likely to get in a car accident and therefore represent a greater risk for insurance companies.

The business of insuring people against the statistical odds of physically expiring within the time frame of a term of policy coverage is fraught with financial risk for an insurance company.

Regardless of your driving record, poor credit automatically makes you seen as a higher risk for insurance companies.

Why are N.C. homes less of a risk for insurance companies?

Those with poor credit history, bad driving records, or a history of making frequent claims each pose a risk for insurance companies; the good news is, there are several things you can do to lower the amount of risk you pose in the eyes of an insurance provider.

The higher the risk for the insurance company, the higher the price of your policy, which is why financial advisors and insurance experts always recommend buying cheap term life insurance when you are young and healthy.

If you are in a group of individuals considered a high risk for insurance because of severe disabilities or pre-existing medical conditions you may be eligible for state run programs to protect you from the exorbitant costs of health care.

A policy issued without a health exam is simply considered a higher risk for the insurance company.

Most likely you are in good health and, therefore, will pose little risk for the insurance company.

20 year term life insurance is more expensive than 10 year term life due to the increased risk for the insurance company.

Due to the fact that the life insurance policy does not pay out until both the insured individuals die, the risk for the insurance company is statistically less — as a result, the premium paid for the second to die policy is cheaper.

Actually, insuring more cars relates to a lower risk for insurance companies, not more.

Insurability refers to the absence of a large amount of risk for the insurance company to provide coverage to the insured, making the insured person eligible for life insurance coverage.

Premium: Group health insurance plan is cheaper than an individual or family floater plan as the risk for the insurance company is spread out over a group of people.

In turn, this makes you more of a risk for the insurance company and means that they are likely to charge you more for your insurance.

A vehicle driven by multiple drivers increases risks for insurance companies, and they therefore charge higher premiums.

So the risk for the insurance company is that if your car does get damaged or your car damages someone or something else, they will have to pay a benefit out to cover the costs of that damage.

A higher life cover / sum assured translates to a higher risk for the insurance company in the unfortunate event that the policyholder passes away while the policy is in force.

The table below compares rates for a 49 - year - old and a 50 - year - old male in the «Preferred Best» rate class, the lowest level of risk for the insurance company (and thus the class with the lowest rates), reserved for those in excellent health across the board.