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Insurance

Age Limits

Insurance companies have age limits for accepting applications and renewing policies. These limits are the maximum and minimum ages that they will consider. If a person falls outside of these limits, they may not be able to obtain insurance or renew their existing policy. It is important to be aware of these age limits when considering insurance options.

Spread of risk

Insurance companies use a concept called diversification to minimize the risk of losses among their policyholders. This means selling insurance to a large number of people i...

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Accelerated death benefit

Let's take a closer look at a common finance term - accelerated benefit. This refers to a portion of a policy's face amount, adjusted for interest, that can be received by t...

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Financial risks

Understanding the concept of risk is crucial in the world of finance. It encompasses various factors such as credit, foreign exchange, commodity trading, and interest rates....

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Subrogation

Insurance subrogation is a crucial term in the world of finance. It refers to the legal process in which an insurance company recovers the amount it has paid for a loss from...

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