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Insurance

Annuity units

An essential metric utilized in the assessment of a variable annuity while it is being distributed to the recipient. The value of each unit is subject to change in accordance with the performance of an investment portfolio. This factor plays a crucial role in determining the eventual payout to the annuitant.

Benefit Period

Insurance coverage duration refers to the period of time during which an insurance company provides benefits to the designated insured or their dependents. It is essential fo...

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Straight term

Term insurance is a type of coverage that is limited to a specific period of time and cannot be renewed. This means that once the term ends, the insurance expires and the in...

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Renewable term

Let's talk about life insurance policies. These are contracts that provide financial coverage to the beneficiaries of a policyholder upon their death. One type of life insur...

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Contingent Beneficiary

In finance, we often come across the term "secondary beneficiary" or "tertiary beneficiary". These are individuals who are designated to receive the proceeds of a financial ...

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