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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!

Assignee

In case of death of the assignee, the benefits are transferred to the assignor. In the realm of finance, the assignee is the individual who receives the title, rights, and ...

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Product liability

Product liability is a crucial aspect of tort law that addresses the legal responsibility of manufacturers and sellers for any damages caused by their products. This include...

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Ordinary life insurance

Life insurance is a crucial financial tool that provides protection to loved ones after the policyholder's passing. A permanent life insurance policy offers lifelong coverag...

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Mortgage clause

In insurance contracts, there exists a clause which grants the mortgagor of a property the first right of recovery. This essentially means that in the event of a claim, the ...

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