Frequently Asked Questions

Frequently Asked Questions

Why does loan require Lenders Mortgage Insurance and how can it benefit?

Achieving the dream of homeownership is, for many people, one of the most exciting accomplishments in life. It can also be one of the most difficult challenges due to the length of time it takes most people to save the traditional 20% deposit and the sacrifices they make through the process.For over 50 years, Genworth and its predecessors have assi

What are the popular Government run insurance programs?

Some of the common Government programs include State children health insurance program, Medicare, Medicaid, DOD Tricare, veteran health administration, and National Flood Insurance Program (FEMA).

What are the various types of insurance policies?

There are various kinds on insurance policies that are available on various assets. Auto, health, commercial vehicle, and travel insurance are some of the popular types of insurance policies.

Which are some of the most popular insurance companies?

Some of the popular insurance companies include State Farm Group, AIA Group Limited, Liberty Mutual, Berkshire Hathaway, UnitedHealth Group, HCSC Group, and Humana Group.

What is meant by insurance plans?

An insurance plan is the one that consists of a premium amount and other components used in getting a product insured. There may be various types of insurance plans with varying terms and policies.

How do whole life insurance plans work?

The process of the functioning of the whole life insurance plans is quite simple. It can fetch the beneficiary a set amount of money as long as the applicant pays the premiums of the whole life insurance. It may also help build good cash value from the amount of the invested premium. In the case of the demise of the applicant, the beneficiary gets

What are the common components of insurance?

The most important components of most insurance plans are the premium and the contract. Anything written in the contract becomes its crucial component.

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