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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.

Receivables

Accounts receivable refers to the money that a company is owed by its customers for goods or services provided. It is an important aspect of a business's financial health, as...

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Final Expenses

A person's passing brings about financial responsibilities known as end-of-life expenses. These include funeral costs, court fees for the probate of their will, any outstandi...

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Exclusion

An insurance policy may include a provision that excludes coverage for specific risks, individuals, types of property, or geographical areas. This means that if a claim is m...

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Facultative reinsurance

Reinsurance is a crucial aspect of the insurance industry, ensuring that insurers are protected against large or unique risks. Facultative reinsurance is a specific type of ...

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