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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.

Imputed acts

In the realm of finance, there exists a concept known as transferred responsibility, where one individual may commit an act, but the liability is assigned to another party. ...

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Agent (Life Advisor)

An insurance agent is an individual who is licensed to sell insurance policies on behalf of an insurance company. They have a deep understanding of insurance products and ca...

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Entire contract clause

Life insurance is a crucial aspect of financial planning that involves a contract between the insurance company and the policyholder. This contract, which is legally binding...

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Reciprocal

A mutual insurance company is a type of insurer that is owned by its policy-holders. This means that the individuals who have insurance policies with the company are also sh...

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