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Insurance

Single-premium life

is called a single-premium whole life policy.

A single-premium whole life policy, as its name suggests, is a type of whole life insurance where the premium is paid in one lump sum. This means that the policyholder only needs to make one payment to secure coverage for their entire life. Unlike other types of life insurance, which require multiple premium payments over a period of time, this policy provides immediate and lifelong coverage with just one payment. This can be a great option for individuals looking for a one-time, hassle-free approach to securing financial protection for their loved ones.

Capacity

When considering insurance or life insurance, it is important to understand the concept of maximum coverage. This refers to the highest amount of insurance that can be purch...

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Annuitant

An annuitant is an individual who receives benefits from an annuity. An annuity is a financial product that provides a steady stream of income to the annuitant, typically in...

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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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Opportunity cost

A wise financial strategy involves carefully balancing the need for liquidity with the opportunity cost of keeping funds in a loss reserve. By maintaining a reserve, a compa...

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