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Insurance

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 decreases over the period of time for which it is valid. This means that as time goes by, the coverage amount decreases accordingly. But why would someone opt for this type of insurance? Let's find out!

Insurable risk

Insurance is a crucial component of financial planning, providing protection against potential risks. Some risks, however, are easier to insure than others. In order for insu...

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Income tax Liability

Income tax is a direct tax that individuals are required to pay based on their income for a given fiscal year. This tax is governed by the Income Tax Act of 1962 and is an i...

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Disability loss

Absence from work due to physical or mental health issues is known as disability. This can have a significant impact on one's financial stability, as they are unable to earn...

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Participating

Life insurance policies come in various forms, and one such type is called participating life insurance. This type of policy involves a dividend, which is essentially a retu...

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