Annuities are financial instruments that are used to generate income in retirement. They are typically issued by insurance companies, and investors make lump-sum payments to the company in exchange for a stream of payments from the company as long as the investor is alive, with an agreed-upon rate of interest or dividend. Investors typically use […]

Health insurance is a contract that requires the insurer to pay some or all of the person’s health care costs in order to receive payment. In particular, health insurance usually pays for medical treatment, surgery, medication, and sometimes dental costs incurred by the insurer. Health insurance can reimburse the insurer for expenses incurred due to […]

The first life insurance company in the United States was the Presbyterian Ministers Fund. Founded in 1759 in Philadelphia, it was specially created to help Presbyterian widows and orphans. The industry has grown and now includes more policy providers and policy maker categories. With a total value of $ 7 billion in assets in 2018 […]