What Are the Principles of Insurance?

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This article is written to gain a better understanding of the dynamic of the insurance world, so that someone can know what questions to ask with respect to insurance. There are a number of things to remember when balancing the ideas of insurance, profit, risk, needs and time. Two additional factors to consider are taxes and investment options. This article does not cover all aspects of insurance, but it serves to get the reader to ask questions and understand what value insurance is providing.

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