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...

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 »

In NY if you have health insurance and have colon cancer but want to switch insurance companies for better coverage does the other insurance company have to take you?

Answer I sure would check before I made the switch. You could be getting into that pesky, ''pre exsisting condition'' thing.......Ask the new carrier first before you switch, (I'd get it in writing... Read More »

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

Philadelphia Insurance CompaniesContact: Mike

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 »