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Insurance

Limited Pay Policy

In the world of finance, there exists a type of whole life insurance known as "limited pay life insurance". This unique policy allows the holder to pay higher premiums for a set period of time, typically 10 or 20 years, and then have the luxury of not paying any premiums for the remainder of their life. It's a strategic way to ensure financial stability for the long haul.

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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Maximum possible loss

In finance, we often use the term "maximum potential loss" to refer to the most extreme outcome that could arise from a particular event. This could be a financial loss, suc...

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Estate taxes

In finance, we often encounter the term "property taxes." This refers to the taxes paid by the policyholder on their fixed assets, such as buildings, land, plant and machine...

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Reasonable and customary

Insurance policies often come with complex terms and conditions that can be confusing for policyholders. One important term to understand is Usual, Customary, and Reasonable...

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