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Insurance

Endowment Plan

In the world of finance, there exists a concept known as a life insurance policy. This is a carefully crafted agreement between a policyholder and an insurance company, where the former pays a certain amount of money in exchange for financial protection. In the event that the policyholder passes away before the policy matures, the predetermined sum is paid out to their designated beneficiary. However, if the policyholder lives beyond the contract's tenure, they will receive the payout themselves. This type of plan provides both peace of mind and financial security for individuals and their loved ones.

Policy Term

An important aspect to consider when selecting an insurance policy is the coverage period. This refers to the time frame in which the policy will provide protection for the i...

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Production

As a professor of finance, I would like to discuss the key role of selling in insurance operations. It is an essential function that involves identifying potential customers...

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Primary

In the world of finance, there exists a concept known as "primary coverage," which refers to policies that have the responsibility to pay up to their limits before any other...

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Aggregate deductible

One important term to understand in the world of finance is the annual aggregate deductible. This type of deductible requires the insured to cover all losses for the entire ...

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