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.
Your liability for damages that occur when a tree on your property falls on your neighbor’s property is not clear cut.
You can plan ahead to protect yourself and your family against the financial consequences of deteriorating health.
Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.