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Insurance

Endowment insurance

Welcome everyone, today we will be discussing the concept of life insurance. This is a type of financial protection that guarantees a payout at the end of a specified time period, as long as the insured person is still alive. In case of the unfortunate event of death before the end of the period, the predetermined amount will be paid to the beneficiary. It provides peace of mind to individuals and their loved ones by ensuring financial stability in the face of unexpected circumstances.

Receivables

Accounts receivable refers to the money that a company is owed by its customers for goods or services provided. It is an important aspect of a business's financial health, as...

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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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Objective risk

One of the key terms in finance is 'variance', which refers to the difference between the actual and expected outcomes. This concept is crucial as it helps us understand the...

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Survivorship benefit

When an annuitant passes away, the remaining funds from their annuity become available for distribution to the living annuitants. This is known as the death benefit. It is a...

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