noun
1.
Risk is the likelihood that an insured event occurs, that is, an event in which the insurance company is likely to pay out a Claim. Insurance companies use Risk when determining whether to insure a home, car, or individual, and when setting Premiums. People with lower Risk generally pay lower rates, and people with higher Risk generally pay higher rates.
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Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested.
The holiday season isn't complete until you've watched your favorite Christmas movie. Consider how the aftermath of these favorite movie mishaps would play out in real life.