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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!

Subrogation

Insurance subrogation is a crucial term in the world of finance. It refers to the legal process in which an insurance company recovers the amount it has paid for a loss from...

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Fiduciary bond

A surety bond, also known as a probate bond, is a form of security that is mandatory for fiduciaries, including executors and trustees. This bond serves as a guarantee for t...

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Risk Selection

An integral aspect of the insurance industry is the process of underwriting, which involves evaluating and selecting applicants that meet the criteria set by the company. Th...

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Estate taxes

In finance, we often encounter the term "property taxes." This refers to the taxes paid by the policyholder on their fixed assets, such as buildings, land, plant and machine...

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