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Insurance

Endowment Plan

In the world of finance, there exists a concept known as a life insurance policy. This is a carefully crafted agreement between a policyholder and an insurance company, where the former pays a certain amount of money in exchange for financial protection. In the event that the policyholder passes away before the policy matures, the predetermined sum is paid out to their designated beneficiary. However, if the policyholder lives beyond the contract's tenure, they will receive the payout themselves. This type of plan provides both peace of mind and financial security for individuals and their loved ones.

Revocable beneficiary

A beneficiary designation in life insurance is a crucial aspect that can be altered by the policy owner. This allows the policy owner to designate a specific individual or e...

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Term Life Insurance

Let's discuss term life insurance, a type of protection that is designed to provide coverage for a set period of time without accumulating any cash value. Unlike permanent l...

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Automatic treaty

Reinsurance is a crucial concept in the world of finance. It refers to a contractual agreement between a ceding company and a reinsurer, where the former agrees to transfer ...

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Accident and health insurance

In the world of finance, it is important to understand the various coverage options available to protect against unexpected events. One such coverage is for accidental injur...

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