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Insurance quizlet
Insurance quizlet
Importance of health insurance
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I would have to admit that at the age of 20, I still knew very little about insurance. Coming from a different country, I had no idea that one could insure belongings or people. Today, I know that insurance acts as a safety net. It is there to help cope with the unanticipated and sometimes even the loss of a beloved one. The general notion behind insuring your treasured possessions and cherished ones can be of a vast benefit at the time of a tragedy. As we grow older, we actively begin to concern ourselves more about the future of our family rather than the latest trends in fashion or gadgets. Unfortunately, in Guatemala people are not encouraged to protect the breadwinner of the family and many people are forced to halt their lives short to amend the tragedies of the unexpected. My father’s life was cut short when someone tried to steal his car from him on a normal day. I was only ten years old and to add to the misery and desolation of losing a father, he was not insured, so my mother was forced to fend for my younger sister and me. After the incident, my mother had a hard time recovering from the loss of my father since he was the sole source of income for the family. Thankfully, my mother found a way to provide us with the essentials. At that point, she no longer could think of the future, but rather how to make ends …show more content…
Due to the increased demand for college education, people nowadays cannot afford to take a wrong step and are forced to think several years ahead. Insuring the breadwinner of the house is a way to fund a house-mother with toddlers, a college student seeking for a better future, and a way to have some closure with the tragedy. Furthermore, those loved ones who protect the future of their families by insuring themselves have great
Insurance is a subject that not everyone wants to talk about because it’s something that only gets brought up when they have an incident that happens to them or they might just not know enough about it. The insurance business is a huge business, which many people don’t realize that the top richest companies are all insurance companies. It is an interesting industry that not enough people know a whole lot about and through watching the film “Cedar Rapids”, you get some accurate depictions on the inside of the industry through an insurance agent’s and even though it’s not shown, an insurance broker’s point of view. Throughout this film there were some interesting points that many people might not be able to tell, but some are accurate in
This is very similar to what is now known as disability insurance. Established in 1850, the Franklin Health Assurance Company of Massachusetts offered the first form of medical insurance to cover nonfatal injuries in the United States (Scofea, 1994). The company provided protection against lost income due to railway or steamboat accidents, rather than covering health services (Scofea, 1994). The policy would pay the injured worker two hundred dollars for a fifteen cent premium (Scofea, 1994). In the case of total disability, the policy would pay up to four hundred dollars. Although the Franklin Health Assurance Company of Massachusetts did not provide insurance for health services, this company paved the way for accident related health insurance in the United
To begin with, a number of researchers have in the past connected the high risk of deaths with lack of proper insurance. The same issue is critically argued by Wilper et al. some researchers have even gone to an extent of suggesting private health insurance, although costly, is more effective than public health insurance (Goodman). Note that, this is not the issue with Wilper et al study. In fact, Wilper et al compares health insurance and mortality rate, with their argument being that the lack of health insurance is the cause of 45,000 adult deaths that take place in America every year.
Guatemala has experienced many significant changes to their government in the past sixty years. The government faced military coups, governmental reforms along with political and social revolutions. Many political forces have influenced Guatemala and transformed it into the country that it is today.
Oettler claims in “Guatemala in the 1980s: A Genocide Turned into Ethnocide?” that “the mass murder of the Mayan population” started as genocide, but can be better defined as ethnocide (5). She supports her claims with examples of military policies in response to Guerilla challenges (10). Oettler aims to inform her audience how genocide became the solution to the insurgency.
In Caracas, Venezuela, the country where I’m from, life could be a little different compared with here in the states. Caracas is a very deteriorated place. From the time that I was three years old we had a lady who worked in our house, whose name was Osmari. Osmari was from Bogota, Colombia. She was considered my nanny. She helped to raise me and was very much a member of our family. However, in the rest of Venezuela, outside our front door, she was considered unequal. This is a country where rich people have access to everything they want; money is power. The lower class has zero opportunity, whatsoever, to do something with their life except to work for wea...
In 1997, I was born In Mount Sinai Hospital in Manhattan. My parents, both Nicaraguans, had been living in New York for three years. In my younger years I visited my grandparents in Managua often. Both y brother and I, enjoyed the sense of family that we experienced when we traveled to Nicaragua. When we were in Nicaragua we would reunite with our cousins, uncles and other family members and friends. We were closely knit when we were in Nicaragua. We would celebrate when we were all together. One of these traditions was the celebration of The Pudisima. Yearly the Assumption of Mary is held on December 7. On this day we prayed, sang, and celebrated with food and fireworks. Caheta, caramel candy, and horchata, a beverage made with ground almonds,
Guatemala’s wavering economy is just the first of its few major negative factors, leading it to be labeled as unlivable. Despite having one of the better economies in Latin America, Guatemala’s economy has danced on the edge of failure for an extended period of time. For quite a long time, the citizens have had unequal rights, leading to poor distribution of wealth. “The wealthiest 10% of Guatemalans account for more than 40% of all income; the poorest 10% earns about
Guatemala is where I was born, land of many trees, thats where I grew up surrounded in nature until I was six when my mom and I immigrated to the U.S to reunite with my father. When I was growing up in I was always an adventurous girl seeking new things to do. Today I continue to be this curious girl who likes to discover and try new things. I was stuck as the only child for ten years and I would always see my parents argue and being the only child, then I did not have someone whom I ran to for help and was stuck in the middle of everything. It came to the point where my parents were going to divorce, but thankfully they did not but they kept on having disagreements. I lost the value of myself, not knowing who I was where I was headed and I never had the gut to to tell my parents what I was feeling, but when I did they never knew what to do and that just made me feel alone and became a self centered
Before Northridge, a policyholders homeowners policy would (was required to) cover earthquake damage. However, Earthquake insurance coverage has changed radically after the 1994 Northridge Earthquake. After Northridge, most insurers refused to write new policies because the $12.5 billion in insurance claims was far higher than the total of all earthquake insurance premiums were collected in California. They weren’t allowed to terminate or refuse to renewal current policies after the earthquake; therefore, they stopped issuing new policies. During that time, the demand for earthquake insurance policies was increasing, as a result of increased awareness of another earth...
Insurance companies are too thorough and too picky with their selection process. The insurance companies choose people who are healthy, out of risk of serious illness, and are likely to pay. If someone starts out healthy, then becomes ill, then the insurance companies may deny some coverage. For example, Marcelas Owens, an eleven year old from Seattle, had his mother die due to lack of insurance. His mother died at the young age of 27 from pulmonary hypertension. Marcelas Owens then went on to go to the signing of the health bill, where he sat in the very room of Congress and President Barack Obama. Owens said “I don't want any other kids to go what I went through”. (“Faces of...Debate.” Page Two) Another victim of insurance companies, Molly Secours battled uterine cancer and nearly lost her home due to medical bills. She had health insurance, but was told that she was in need of a radical hysterectomy, chemotherapy, and radiation treatment. She states, “I was consumed with the f...
What you've read here needs to have given you the knowledge and confidence you have to make sound decisions in relation to insurance. Knowing how to find the best plan to meet your needs and expending money wisely will provide you with confidence and peace of mind.
Because it’s like how everyone been saying accident could happen anywhere and whenever no one know. Therefore, it’s always great to have something that going to protect myself. Whenever I get hurt or die, I sure that government benefits may help meet only some of the needs, but not going to cover everything, so life insurance can close any remaining gap in need for me. However, there is still some reason that hold me back for buying life insurance for myself because there is so many types of life insurances (term life insurance, cash-value life insurance, whole life insurance, universal life insurance and ext.) out there, so I not sure which one is the right one for me. Going through chapter 12 about life insurance, it has a lot of great information about life insurance as insurance, death benefit, incontestability, and ext. Now I start to have an idea on which types of life insurance that I would like to have and which one might be right for
Have you ever heard about life insurance? Do you know why so many people think that having life insurance is very important for their life?
I want to buy a house for my family in the earlier stages of my career, partly pay college tuition for my younger siblings and pay for my master’s degree; budgeting will play an important role to help me manage and save funds to achieve my personal goals. There’s only so much one can plan for and unfortunate events can happen to anyone, so having an insurance coverage is imperative to cover for future losses. I would certainly consider buying homeowner’s insurance, automobile insurance and term-based life insurance and as far as health care is concerned it will covered under fringe benefits from my future