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Insurance

Involuntary coverage

In finance, there exists a concept known as 'mandatory insurance'. This pertains to the government's requirement for specific groups or individuals to purchase insurance under certain circumstances. This insurance serves as a safety net, providing financial protection in case of unforeseen events. It is crucial for individuals to understand their obligations and the benefits of such insurance, as it can greatly impact their financial well-being. Let us explore this topic further.

Aggregate limits

In the realm of insurance, it is important to understand the difference between a yearly limit and a per occurrence limit. A yearly limit refers to the maximum amount an ins...

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Primary

In the world of finance, there exists a concept known as "primary coverage," which refers to policies that have the responsibility to pay up to their limits before any other...

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Mortality Cost

Life insurance premiums are determined by various factors, the foremost being the mortality rate of individuals at different ages. Insurers rely on mortality tables to estim...

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Credit life insurance

A vital element in any financial plan is life insurance, specifically coverage for borrowers. This safeguards against the unfortunate scenario of a borrower's death before t...

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