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Insurance

Single-premium life

is called a single-premium whole life policy.

A single-premium whole life policy, as its name suggests, is a type of whole life insurance where the premium is paid in one lump sum. This means that the policyholder only needs to make one payment to secure coverage for their entire life. Unlike other types of life insurance, which require multiple premium payments over a period of time, this policy provides immediate and lifelong coverage with just one payment. This can be a great option for individuals looking for a one-time, hassle-free approach to securing financial protection for their loved ones.

Pure risk

In the world of finance, we often come across the term 'uncertainty' which refers to the unknown possibility of experiencing a loss. This concept can be quite complex to und...

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Graded Premium Policy

This particular type of whole life policy caters to individuals seeking a higher level of life coverage but are unable to afford it at the moment. It involves paying a low...

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Deferred annuity

Deferred annuities offer the advantage of delayed payments, which can be beneficial for individuals planning for retirement. By investing in a deferred annuity, individuals c...

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Catastrophe model

In the world of finance, there exists a powerful tool that utilizes technology to predict the potential financial impact of natural disasters and other catastrophic events ...

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