Finance

Insurance

Social Security

“Social Security” is a government social insurance scheme that offers elderly beneficiaries a lifetime pension that is geared for inflation. A potential recipient who waits to collect “Social Security” payments not only benefits from inflation indexing but also lowers their chance of “running out of savings” by increasing their lifetime monthly payout, which is basically an additional “longevity insurance policy.”

Investment

Bond

In essence, a bond is a loan that is requested/issued by a “business or government agency” from investors. It is also a kind of security that has loan-like characteristics, a debt instrument that enables issuers to finance capital needs, a fixed-income instrument for debtholders, and "a documented commitment to repay borrowed funds at maturity date and to pay interest meanwhile."

Insurance

Insurance is

Insurance is “a service”, “a type of financial risk management”, “a contract”, “a financial investment”, “debit or credit”, “asset or liability”, “a cooperative device”, “provision of future needs”, “helpful to government” and “regulated by states”.

Personal

Go Fund Me

A Redwood City, California-based subsidiary of GoFundMe Group Inc., the American for-profit crowdfunding platform was established in 2010 and enables people, groups, and organisations to raise money for a variety of causes (including medical bills, education costs, volunteer activities, funerals & memorials, youth sports, and even pets & animals) — GoFundMe Inc. To raise money for themselves, their friends, family, or "even complete strangers" (in acts of random generosity), people utilise GoFundMe.