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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.

Insurance plan term

As a seasoned professor of finance, it's important to understand the concept of insurance plan terms. These terms represent the duration of an insurance plan, which conclude...

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Accidental Death Insurance

Accidental Death Insurance is a type of insurance that offers protection in the unfortunate case of death caused by accidental injuries. It does not cover death due to illne...

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Participating

Life insurance policies come in various forms, and one such type is called participating life insurance. This type of policy involves a dividend, which is essentially a retu...

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Post-loss activities

One vital aspect in finance is reducing severity, which involves finding ways to minimize losses. A crucial tool in this is salvaging damaged property instead of discarding ...

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