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Insurance

Mortgage insurance

Let's discuss a type of insurance that is specifically designed to cover the life of an individual who has taken out a mortgage. This form of insurance is known as decreasing term insurance and its purpose is to provide death benefits that can be used to pay off the remaining balance of a mortgage. As the name suggests, the coverage amount decreases as the debt decreases. However, there is also a variant of this insurance called mortgage unemployment insurance, which offers coverage for the mortgage in case the policyholder becomes involuntarily unemployed.

Electronic commerce / e-commerce

The concept of e-commerce has revolutionized the way businesses operate, including the sale of financial products. One such example is the sale of insurance through online p...

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Contingent Beneficiary

In finance, we often come across the term "secondary beneficiary" or "tertiary beneficiary". These are individuals who are designated to receive the proceeds of a financial ...

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Probate Costs

In the realm of finance, it is important to understand the concept of probate. This legal process involves the handling of one's will and the assets that are left to others....

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Contractual liability

As an expert in finance, it is crucial to understand the concept of liability in contractual agreements. These agreements outline the responsibility of specific parties to b...

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