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Insurance

Family Policy

A family life insurance policy is a comprehensive contract that offers coverage for multiple members of a household. Typically, the main breadwinner holds a whole life insurance policy, while the spouse and children are covered under smaller term insurance plans. New additions to the family can also be included in the policy after its issuance.

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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Noncancellable

A non-cancelable policy is a type of insurance that cannot be terminated by the insurer until a specific age is reached. In other words, the policy remains in force as long ...

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Proximate cause

Loss causation is a fundamental concept in finance, referring to the direct cause of a financial loss. It occurs when there is a clear and unbroken chain of events linking a...

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Hospice

In the world of finance, there exists a concept known as end-of-life care, which refers to the provision of compassionate and respectful treatment to those nearing the end o...

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