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Insurance

Term

It can be for a specific period of time or for a lifetime Insurance coverage is typically provided for a defined period known as a term. This period could be for a set number of years or even for an individual's entire lifetime. It's important to understand the terms of your insurance coverage, as they determine the length of time you will be protected. This knowledge can help you make informed decisions when selecting an insurance policy.

Noncancellable

A non-cancelable policy is a type of insurance that cannot be terminated by the insurer until a specific age is reached. In other words, the policy remains in force as long ...

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Tortfeasor

In the world of finance, we often come across the term "tortfeasor", which refers to a person who has committed a tort. A tort is a wrongful act or omission that leads to har...

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Primary

In the world of finance, there exists a concept known as "primary coverage," which refers to policies that have the responsibility to pay up to their limits before any other...

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Private insurance

Private sector insurance refers to the coverage provided by companies, as opposed to government insurers. Understanding this distinction is crucial in the world of finance. ...

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