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Insurance

Floor-of-protection concept

Social insurance is based on the principle that it should only provide limited protection, rather than meeting all of one's needs. This means that individuals are expected to supplement their social insurance benefits with their own resources. The purpose of social insurance is to provide a safety net, rather than fully supporting individuals. This principle is important to understand when considering the role of social insurance in financial planning.

Floater

A floater, an add-on to a homeowners policy, offers coverage for movable assets, protecting against losses in any location. This type of insurance commonly covers high-value...

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Prospect

As a knowledgeable professor in the field of finance, it is important to understand the concept of a potential new customer. This refers to an individual who has the potenti...

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Group insurance

A group insurance policy is a type of coverage that encompasses a collective of individuals, typically employees from a single company or members of a particular association...

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Increasing term

In finance, there exists a type of life insurance called "term life insurance" that may be of interest to you. This particular policy has a unique feature where the face amo...

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