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Insurance

Premium Flexibility

Universal life insurance policies offer policy-holders the flexibility to adjust their monthly premium payments. This means that individuals can increase or decrease the amount they pay each month, depending on their financial situation. This feature allows policy-holders to have control over their policy and make changes as needed. It also provides the opportunity to adapt to any changes in their income or expenses, making universal life policies a versatile option for long-term financial planning.

Pre-existing condition

A pre-existing condition refers to a health issue that is present before the start of a health insurance policy. This can include any illness, injury or condition that has b...

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Professional liability

Professional liability is a legal term used to describe the responsibility that a professional person holds for any mistakes made while carrying out their duties. This can i...

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Cash Surrender Value

Life insurance policies provide financial security and protection for loved ones in the event of the policy owner's death. However, it is also important to understand the co...

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Authority

The IRDA, created under the Insurance Regulatory and Development Authority Act of 1999, serves as the governing body for the insurance industry. Its main responsibility is t...

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