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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!

Primary Beneficiary

Life insurance is a crucial financial tool that provides a designated beneficiary with policy benefits upon the insured's death. This beneficiary, chosen by the insured, is ...

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Inflation guard clause

A homeowner's insurance policy typically includes a provision that automatically updates the coverage limit for the dwelling whenever the policy is renewed. This provision t...

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Permanent disability

A debilitating condition that renders an individual incapable of continuing their employment for the remainder of their life. This can be caused by a variety of factors, suc...

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Degree of risk

The relative variation of actual from expected losses is a measure used in finance to assess the accuracy of loss predictions. This metric takes into account the difference ...

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