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Ordinary Life policy

A whole life insurance policy is a type of coverage that requires the insured to pay premiums throughout their lifetime. This means that as long as the individual remains alive, they must continue to make payments towards their policy. This ensures that the policy will remain active and provide financial protection to the insured's beneficiaries. It is important to carefully consider the terms and conditions of a whole life insurance policy before making any commitments.

Premium option

When a person enters into an agreement with an insurance company, they make regular payments, also known as premiums. These premiums are made in order to receive a lump sum ...

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Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

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Policy Holder

Life insurance policies are owned by the policyholder, typically the insured individual. However, ownership can also extend to a variety of entities, from relatives to partn...

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Reserves

In the world of finance, a company's estimated expenditure on claims is known as its loss reserve. This reserve is an important indicator of a company's financial health and...

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