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Insurance

Mortgage-backed securities

In the world of finance, there exists a category of securities known as investment grade securities. These securities are backed by a pool of mortgages, which means that the issuer uses the cash flow generated from these mortgages to meet the interest payments on the bonds. This type of security offers a level of security and stability for investors, making it a popular choice in the market.

Annuity units

An essential metric utilized in the assessment of a variable annuity while it is being distributed to the recipient. The value of each unit is subject to change in accordanc...

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Captive insurer

In the world of finance, there exists a unique type of insurer known as a "mutual insurer." Unlike traditional insurance companies, mutual insurers are formed and owned by t...

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War hazard exclusion

Insurance coverage for death caused by war or hostile action is not included in this policy. This means that if a person dies as a result of these circumstances, their loved...

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Ancillary charges

In the realm of hospital insurance, there exists a concept known as "ancillary charges." These are expenses that are covered by the insurance policy, in addition to the cost...

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