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Insurance

Collateral

Life insurance policy loans are a common financing option, where the policy acts as collateral. If the borrower defaults, the lender can only recover the amount equivalent to their interest. This temporary assignment is a safety measure for creditors to protect their investment. It is important to understand this concept when considering life insurance policy loans to make informed financial decisions.

Extended Term Insurance

Term insurance is a type of policy that offers an option to continue the insurance for a specific amount even after the policy has ended. This option is known as term insura...

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Pooling

of investors is known as pro rata Pro rata refers to the practice of distributing total losses among a group of investors. This is done in proportion to each investor's sta...

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Death Benefit

Life insurance policies often include a designated beneficiary, who is entitled to receive a specific amount upon the death of the insured. This amount is known as the death...

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Options

In the world of finance, there exists a type of contract that grants individuals the option to buy or sell assets at a predetermined price and time. These contracts, known a...

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