Point of Sale (PoS) refers to the pivotal moment in an insurance transaction when a policy is sold or renewed. It serves as the interface between insurers, intermediaries, and policyholders, facilitating seamless interactions and transactions. In essence, PoS encapsulates the entire process from quotation to policy issuance, encompassing underwriting, documentation, and premium payment. Importance of … Read more
Structured settlements have long been hailed as a secure way to receive compensation, offering a steady stream of income over time. However, despite their benefits, there are significant disadvantages associated with structured settlements that individuals should carefully consider before opting for this arrangement. Lack of Immediate Access to Funds One of the primary drawbacks of … Read more
A structured settlement is a financial agreement that provides periodic payments to someone who has received a legal settlement or compensation from a court.But instead of receiving a lump sum, it pays the recipient in installments over an agreed period. This approach ensures that the individual has a steady stream of income to cover expenses, … Read more