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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.

Twisting

As a professor in the field of finance, it is crucial to understand the potential risks and unethical practices that can occur in the insurance industry. One such act is whe...

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Implied warranties

In the realm of finance, there is a concept known as implied warranties. These are not explicitly stated in a contract, but rather inferred by the parties involved to be tru...

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Credit derivatives

A vital aspect of financial management is the use of credit risk transfer contracts. These agreements allow institutions, like banks, to effectively mitigate their credit ri...

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Participating Policy

A participating policy, often referred to as a with-profits or par policy, is a type of insurance policy that involves a higher premium compared to a non-participating polic...

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