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Insurance

Involuntary coverage

In finance, there exists a concept known as 'mandatory insurance'. This pertains to the government's requirement for specific groups or individuals to purchase insurance under certain circumstances. This insurance serves as a safety net, providing financial protection in case of unforeseen events. It is crucial for individuals to understand their obligations and the benefits of such insurance, as it can greatly impact their financial well-being. Let us explore this topic further.

Guaranteed Term

In the world of finance, there exists a type of renewable term insurance that endures as long as the premiums are promptly paid. This is known as guaranteed term insurance, ...

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Vandalism

Vandalism is a term used to describe the intentional destruction or damage of someone else's property. This can take many forms, from graffiti on walls to breaking windows o...

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Para-med (paramedical) Examination

Life insurance companies conduct medical examinations on potential policyholders to assess their health and determine the risk associated with insuring them. This examinatio...

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Aggregate limits

In the realm of insurance, it is important to understand the difference between a yearly limit and a per occurrence limit. A yearly limit refers to the maximum amount an ins...

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