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Insurance

Increasing term

In finance, there exists a type of life insurance called "term life insurance" that may be of interest to you. This particular policy has a unique feature where the face amount, or the sum of money paid out upon the insured's death, increases at regular intervals according to a predetermined schedule. This can be a valuable tool in providing financial protection for your loved ones in the future.

Related terms
Affinity sales
Insurance can be sold through groups such as professional and business associations, providing coverage for members at a discounted rate. This method, known as group insuran...
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Static risks
Financial uncertainties can be categorized as either pure or speculative. Pure uncertainties arise from a society that remains unchanged and in a state of stable equilibrium...
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Weather insurance
Weather-related disruptions can have a significant impact on businesses, particularly those that rely on outdoor events. To mitigate these risks, businesses can opt for a ty...
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Temporary disabilities
Temporary disabilities are conditions that hinder an individual's ability to work for a short period of time due to illness or injury. These may include physical impairments...
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Declaration
When it comes to property or liability insurance policies, it is essential to understand the basic components. One crucial element is the declarations page, which outlines v...
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Expediting expenses
When an insurer agrees to cover the cost of expediting the repair of machinery, they are agreeing to cover any reasonable additional expenses. This can include costs for ove...
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Fixed Income
Investments that provide regular, fixed payments, such as bonds and treasury bills.
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Property
The "Property" category in finance encompasses all aspects related to real estate and tangible asset
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Loans
All terms and concepts related to borrowing money, including different types of loans, interest rate
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Financial Terms
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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Stocks
All terms and concepts related to stocks, also known as equities, which represent ownership shares i
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Options and Futures
All terminologies and concepts related to financial derivatives, including options and futures contr
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Taxes
All terminology and concepts related to various tax types, tax laws, and taxation principles.
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Insurance
All terms and concepts related to insurance, which is a financial arrangement that provides protecti
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Mutual Funds
All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m
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Commodity
All terms related to the basic goods used in commerce that are interchangeable with other goods of t
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