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Insurance

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 amount, or the sum of money paid out upon the insured's death, increases at regular intervals according to a predetermined schedule. This can be a valuable tool in providing financial protection for your loved ones in the future.

Policyholder

An insurance policy is a contract between the insurer and the insured. The insured is the individual or entity who purchases the policy from the insurer, typically paying a ...

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Utmost good faith

Understanding the concept of utmost good faith in insurance contracts is crucial in the world of finance. This doctrine requires a higher level of honesty and disclosure fro...

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Peril

Insurance policies can be categorized as either named-peril or all-risk. A named-peril policy provides coverage for specific risks, such as fire, windstorm, flood, or theft....

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Named-perils agreement

A vital aspect of insurance contracts is the specification of covered perils. This refers to the events or risks that the insurer agrees to protect the policyholder against....

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