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Insurance

Premium Waiver Benefit(PWB)

Premium waiver benefits refer to the benefits that can be obtained through a policy where the future premiums, up until the vesting date, are waived in case of the proposer's demise. This provision allows the policyholder's family to continue receiving the policy's benefits, even after the policyholder's death. This feature offers financial security and peace of mind to the policyholder and their loved ones. It is a valuable aspect to consider when choosing a life insurance policy.

Mortality Rate

Mortality rate refers to the number of deaths within a specific group of individuals, typically measured as the number of deaths per one thousand people. This rate is an imp...

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Policy Term

An important aspect to consider when selecting an insurance policy is the coverage period. This refers to the time frame in which the policy will provide protection for the i...

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Mine subsidence coverage

A valuable addition to a homeowners insurance plan, offered in certain states, is the mine subsidence endorsement. This coverage protects against damages to a residence re...

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Pure risk

In the world of finance, we often come across the term 'uncertainty' which refers to the unknown possibility of experiencing a loss. This concept can be quite complex to und...

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