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Coverage

When discussing insurance, we often come across the term "coverage". This refers to the amount of insurance purchased from an insurance company. In other words, it is the monetary value that the policyholder is protected for in case of an event covered by the insurance policy. This is an essential concept to understand when it comes to managing risks and protecting our assets.

Cash Surrender Value

Life insurance policies provide financial security and protection for loved ones in the event of the policy owner's death. However, it is also important to understand the co...

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Primary Policy

In the world of finance, it's important to understand the concept of "primary insurance." This refers to the insurance policy that takes precedence over any others when it c...

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Paidup Value

In the realm of insurance, the term "paid-up value" refers to the decreased sum assured that an insurer will provide if the policyholder stops making premium payments after ...

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Surrender or Cash Value

When a policy is terminated prematurely, the amount that the policyholder is entitled to receive is known as the surrender value. This value is paid out if the policyholder...

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