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Mortality Charge

When considering a life insurance policy, it is important to understand the concept of pure insurance protection. This refers to the cost associated with insuring against the risk of death. The charge for this protection will vary based on factors such as age, health, and the amount of coverage. It is essential to carefully consider this element when selecting a life insurance policy that best fits your needs.

Insuring agreement

Insurance policies have a crucial component called the insuring agreement. This section outlines the responsibilities of the insurer and the terms under which they are bound ...

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Basic health insurance policy

Insurance is a crucial aspect of financial planning, especially when it comes to healthcare. In the world of finance, we often come across terms such as hospital insurance, ...

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Objective risk

One of the key terms in finance is 'variance', which refers to the difference between the actual and expected outcomes. This concept is crucial as it helps us understand the...

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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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