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Insurance

Requisites of insurable risks

As we delve into the realm of insurance, it's crucial to understand the perspective of both the insurer and the insured. For the insurer, a critical factor is the presence of a substantial number of comparable items, while also ensuring that any potential loss is both accidental and quantifiable. On the other hand, the insured must also consider the magnitude of the anticipated loss, as it should be significant enough to cause financial strain, yet not too likely to occur. Striking a balance between these perspectives is key in navigating the world of finance and insurance.

Misstatement-of-sex clause

In the realm of finance, it is important to understand the concept of sex misrepresentation and its implications on insurance policies. In the event that an individual's sex...

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Will

Estate planning is a crucial aspect of financial management, allowing individuals to ensure the smooth transfer of their assets upon their death. One method commonly used is...

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Insurance rate

Insurance price is the cost of insurance, typically stated as a price per unit of coverage. This means the amount you pay for insurance is directly related to the amount of ...

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Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

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