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Insurance

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 ones will not receive any financial compensation from the insurance company. It is important to understand this exclusion and consider alternative means of protection in such situations.

Ownership

Life insurance policies are governed by their owners, who hold all rights, benefits, and privileges. The owner of a policy may or may not be the insured individual, and owne...

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Loss settlement clause

When it comes to assessing the value of items after a loss, there are two options: actual cash value or replacement cost. The determination of which one to use is based on a...

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Conditional Receipt

A policy owner will receive a receipt upon paying a premium at the time of application. This receipt serves as a binding agreement between the insurance company and the owne...

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Attained Age

Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in...

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