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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.

Decreasing term

Let's delve into the world of insurance and focus on an interesting term - "decreasing term life insurance". This type of insurance offers a coverage that gradually decreas...

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Agent (Life Advisor)

An insurance agent is an individual who is licensed to sell insurance policies on behalf of an insurance company. They have a deep understanding of insurance products and ca...

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Cost of risk

Risk management is the process of identifying, evaluating, and mitigating potential risks in a financial context. This includes the costs associated with risk reduction effo...

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Elimination period

The waiting period, also known as the elimination period, is a crucial concept in health insurance policies that provide coverage for disability income loss. It refers to th...

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