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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!

Deferred annuity

Deferred annuities offer the advantage of delayed payments, which can be beneficial for individuals planning for retirement. By investing in a deferred annuity, individuals c...

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Rider

An addendum, also known as an attachment, is a crucial element of an insurance policy that modifies its coverage or terms. This document is often overlooked but holds great i...

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Rental value

Loss of rent insurance, also known as consequential coverage, is a type of insurance that protects against the loss of rental income in case the insured property is destroye...

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Contributory negligence

In legal terms, there exists a concept known as "comparative negligence", which refers to a situation where both parties involved in a civil lawsuit share some responsibilit...

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