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Insurance

Grace period clause

In the realm of life insurance, there exists a provision known as the grace period, which grants the policyholder an additional 30 days to make a premium payment before the policy lapses. This clause allows for a buffer period to prevent the loss of coverage due to unforeseen circumstances. It is important to be aware of this term as it can greatly impact the effectiveness and longevity of your life insurance policy.

Policy Term

An important aspect to consider when selecting an insurance policy is the coverage period. This refers to the time frame in which the policy will provide protection for the i...

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Attained Age

Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in...

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Pollution insurance

In the world of finance, there are important policies that cover potential property loss and liability due to pollution-related damages. These policies are specifically desig...

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Key employee

A key employee refers to an individual whose contributions play a vital role in the success of an organization. This individual's skills and knowledge are highly valued and ...

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