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Insurance

Limited Pay Policy

In the world of finance, there exists a type of whole life insurance known as "limited pay life insurance". This unique policy allows the holder to pay higher premiums for a set period of time, typically 10 or 20 years, and then have the luxury of not paying any premiums for the remainder of their life. It's a strategic way to ensure financial stability for the long haul.

Insurance proceeds

A significant amount of money that is given to either the policyholder or their chosen recipient upon the policyholder's death within the specified term of the plan or when ...

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Workers compensation

Workers' compensation is a type of insurance that covers the cost of medical treatment and rehabilitation for employees who have been injured on the job. It also provides fi...

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Face amount

A life insurance contract contains a crucial element known as the death benefit. This refers to the predetermined amount of money that will be paid out to the designated ben...

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Exclusive agent

A captive agent is an individual who exclusively represents a single insurance company and is bound by a contract not to submit business to any other company unless it has be...

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