Why don't insurance companies sell income insurance?

Answer Answer There are a number of reasons, but the most obvious is moral hazard. If you were guaranteed a certain level of income by an insurer, what incentive would you have to stay at your job?

Top Q&A For: Why don't insurance companies sell income insur...

Which insurance companies in California provide General Liability insurance for pest control companies?

Philadelphia Insurance CompaniesContact: Mike

Is Alliance insurance a group of insurance companies or an insurance company?

Alliance insurance group is an actual insurance company. They provide many insrance services including auto, life, and mortgage insurance. They are known for their excellent customer service and co... Read More »

Can Ameriprise sell me life insurance from other companies?

Ameriprise is a full-service financial advisory firm, employing fully licensed insurance and investment advisors who help clients analyze their financial needs and properly address important issues... Read More »

Is there a database that insurance companies share which prevent you from covertly being on two insurance plans at the same time and picking and choosing the best insurance plan for different needs?

Answer I'm not sure that there is a database that they share, but there is a big concern that you would use both companies for a single claim, 'making money' for being sick or injured. Fraudulant c... Read More »