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Insuring Against loss

Insuring Against loss. - Life Insurance - Term – pays value of policy to beneficiary when you die -Whole Life – combine life ins. & investment options Builds cash value More expensive - Disability Insurance Provides $ if you are out of work due to injury/sickness -Renters Insurance

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Insuring Against loss

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  1. Insuring Against loss -Life Insurance -Term – pays value of policy to beneficiary when you die -Whole Life – combine life ins. & investment options Builds cash value More expensive -Disability Insurance Provides $ if you are out of work due to injury/sickness -Renters Insurance Protects your personal property -Liability Insurance Pays if you damage/injure someone or property
  2. Fraudulent Practices -Solicitation – asking you to purchase on the spot -Identity Theft- your personal info is stolen -Online Scams -Internet Fraud -PonziSchemes Taking $ from people & telling them you are going to invest You never invest
  3. Protecting your Financial Life -Consumer Protection laws Congress passes laws Ex: labeling laws ; prove safe product -Government Regulation Consumer Bill of Rights -FTC Fed. Trade Commission regulates business practices -Do Not Call Lists Register on-line @ NC Attorney Gen. Website Ncdoj.com -Raed the Fine Print -Terms and Conditions
  4. Resolving Conflict -Better Business bureau Private org. ran by business groups Provides info about businesses Investigates -Local Law Enforcement Report if you feel law is violated -NC Attorney General’s Office File consumer complaints w/ ncdoj.com -NC Secretary of State Office Oversees economic & business operations in state
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