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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.

Facultative reinsurance

Reinsurance is a crucial aspect of the insurance industry, ensuring that insurers are protected against large or unique risks. Facultative reinsurance is a specific type of ...

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Rated

An additional charge is added to the standard rate when issuing coverages due to pre-existing health conditions or impairments of the insured. This is known as a substandard...

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Face amount

A life insurance contract contains a crucial element known as the death benefit. This refers to the predetermined amount of money that will be paid out to the designated ben...

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Long-term care

As we delve into the world of finance, it's important to remember our responsibility to care for the elderly and provide them with necessary services that aid in their day-t...

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