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Insurance

Decreasing term

Let's delve into the world of insurance and focus on an interesting term - "decreasing term life insurance". This type of insurance offers a coverage that gradually decreases over the period of time for which it is valid. This means that as time goes by, the coverage amount decreases accordingly. But why would someone opt for this type of insurance? Let's find out!

Shortage

A crucial concept in finance is the notion of a deficit, which arises when a family is left with insufficient funds following the passing of the policyholder. This occurs whe...

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Conditional Receipt

A policy owner will receive a receipt upon paying a premium at the time of application. This receipt serves as a binding agreement between the insurance company and the owne...

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Replacement

Let's discuss the concept of a policy replacement, which refers to the creation of a new policy to replace an existing one. This is a common practice in the world of finance...

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Requisites of insurable risks

As we delve into the realm of insurance, it's crucial to understand the perspective of both the insurer and the insured. For the insurer, a critical factor is the presence o...

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