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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.

Endorsement

A document that is attached to an insurance policy, known as an endorsement, can modify the coverage, terms, or conditions of the policy. This is also referred to as a rider...

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Insurability

An individual's health, likelihood of injury, and expected lifespan are all factors that contribute to their risk profile. This term refers to the various characteristics an...

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Pooling

of investors is known as pro rata Pro rata refers to the practice of distributing total losses among a group of investors. This is done in proportion to each investor's sta...

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Maximum possible loss

In finance, we often use the term "maximum potential loss" to refer to the most extreme outcome that could arise from a particular event. This could be a financial loss, suc...

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