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.
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.
Social media may be a modern imperative for businesses looking to grow and build their brand, but it also introduces risk.
This article is perfect for those looking to maintain their life insurance or explore alternate options during retirement.