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Insurance

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When obtaining a loan, it is important to consider using your life insurance policy benefits as collateral. This means that the value of your policy can be used as security for the loan. It is a common practice in the financial world and can provide you with a lower interest rate and easier loan approval. However, it is crucial to understand the terms and conditions of using your life insurance policy as collateral. Let's delve deeper into this concept.

War hazard exclusion

Insurance coverage for death caused by war or hostile action is not included in this policy. This means that if a person dies as a result of these circumstances, their loved...

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Product liability insurance

Product liability refers to the legal responsibility that manufacturers and distributors have towards consumers who suffer bodily injury or property damage due to their prod...

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Exposure doctrine

One must be familiar with the concept of liability limit, which protects individuals in case they are exposed to hazardous substances or products. It is important to underst...

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Valued policy

Insurance policies are designed to provide financial protection to individuals or businesses in the event of a loss. In simpler terms, it is an agreement between the insurer...

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