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Insurance principle |
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Insurance principleThe law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment.Insurance principle Similar MatchesSecond to die insuranceSecond to die insuranceInsurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes. Nonparticipating life insurance policyNonparticipating life insurance policyLife insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid. Household insuranceHousehold insuranceInsurance covering the structure or contents of a house. This type of insurance now tends to include the option of cover for additional items such as legal expenses. Also some companies now offer no claims bonuses similar to those given by motor insurance companies. Insurance premiumInsurance premiumPayments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy. Executive insuranceExecutive insuranceIn the US, an insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds would be payable to the company. Known as 'keyman insurance' in the UK. Further Suggestionsnon participating life insurance policyInsurance agent legal expenses insurance Level term insurance Buildings insurance cash value life insurance single premium life insurance buildings insurance uninsured motorist insurance long term care insurance liability insurance Accident, Sickness and Unemployment insurance Deposit insurance Life insurance policy private medical insurance Municipal bond insurance Multiple peril insurance Disability income insurance loss of income insurance disability income insurance participating life insurance National Insurance (NI) Contributions accidental death insurance Stock insurance company Credit insurance |
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