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Insurance

Cost-of-living rider

An endorsement is a change or addition to an insurance policy that modifies the coverage or terms of the original policy. One type of endorsement that may be relevant in the world of finance is the CPI endorsement. This endorsement automatically increases the amount of coverage by the same percentage that the Consumer Price Index (CPI) has risen since the policy was issued. Essentially, this means that the policy will keep up with inflation and provide adequate coverage over time. It's important for individuals to understand the various endorsements available and how they can impact their insurance coverage.

Hospice

In the world of finance, there exists a concept known as end-of-life care, which refers to the provision of compassionate and respectful treatment to those nearing the end o...

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Actuary

In the realm of finance, there exists a skilled individual known as an insurance professional. This expert is well-versed in the analysis, evaluation, and management of stat...

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Premium Waiver Benefit(PWB)

Premium waiver benefits refer to the benefits that can be obtained through a policy where the future premiums, up until the vesting date, are waived in case of the proposer'...

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Floor-of-protection concept

Social insurance is based on the principle that it should only provide limited protection, rather than meeting all of one's needs. This means that individuals are expected t...

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