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Insurance

Extended Term Insurance

Term insurance is a type of policy that offers an option to continue the insurance for a specific amount even after the policy has ended. This option is known as term insurance and is included in certain policies. It allows the insured to continue their coverage for a predetermined amount according to the policy's conditions. This is a valuable option to consider when choosing a policy and can provide additional security and peace of mind for the insured individual.

Concealment

Insurance contracts require full disclosure of all material facts by the applicant prior to their formation. Failure to do so constitutes concealment, which can be deemed as...

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Term Insurance Rider

A life insurance policy can come with an endorsement or attachment that offers extra term coverage for a designated amount. In the unfortunate event of the insured's death du...

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Conditional contract

A fundamental concept in finance is the idea of a contract, where one party agrees to perform certain actions in exchange for another party's compensation. This is particula...

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Pain and suffering damages

As we delve into the world of finance, it is important to understand the concept of non-economic damages. These damages are specifically intended to compensate the injured p...

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