Personal Finance 1st Edition by Jack R. Kapoor

Exercise 21

1 Why is it important to know the ratings of the insurance company?

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2 How do insurance companies price their products?

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3 How do insurance companies determine your insurability?

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4 What should you do in examining a policy before and after the purchase?

Step 1 of 4

1. It is important to know the ratings of the insurance company because it is very important to be sure that the company which is being trusted to protect our family is financially strong and will be around to pay the full value of your coverage to your beneficiary in your absence.